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Scoville Bio
- 1. Hunton & Williams LLP Matthew A. Scoville Partner PRACTICES Real Estate, Development and Finance Finance and Restructuring Acquisitions and Dispositions Commercial Real Estate Lending Leasing Hospitality CONTACT mscoville@hunton.com New York p 212.309.1036 f 212.504.3119 EDUCATION JD, Brooklyn Law School, 2007 BS, Accounting, University of Delaware, 2004 BAR ADMISSIONS New York Matthew’s practice focuses on commercial real estate transactions. Matthew is a partner in the firm’s Capital Finance and Real Estate team. His practice focuses on commercial real estate transactions, including construction and real estate finance, acquisitions and dispositions, real estate development, leasing, and loan workouts and restructurings. Relevant Experience • Represented Chatham Lodging Trust in the acquisition of a 51-hotel, 6,848-room portfolio from a joint venture in two separate transactions for a combined total purchase price of $1.3 billion. • Represented a joint venture between two prominent real estate investment companies in the $100 million sale of a portfolio of multifamily buildings, all located on the Upper East Side of Manhattan. The representation also included the modification of the existing financing covering the portfolio to allow for the release of the properties and the partial assignment of the mortgage to buyer’s lender (as such existing financing covers other properties not subject to the sale and will remain in place following closing), and the modification of the joint venture between the partners. • Represented a real estate developer in the restructuring of its mortgage financings on an office building located in Las Vegas, Nevada, which was acquired for a premium at the height of the market in 2007. After more than two years of workout discussions, during which time a foreclosure and a number of lawsuits among the parties was commenced, we were able to lead the group to a broad and favorable settlement that included, among other things, the write down of the existing mortgage debt by $9 million, the waiver of millions of dollars in fees and accrued interest, and the termination of the foreclosure proceeding and the other litigations among the parties. • Represented a leading real estate developer in the $64 million initial permanent financing of a state-of-the-art, six-story 138,700 square foot office building, located in Mountain View, California. The property was developed in 2002, and is widely viewed as one of the best buildings in the market. • Represented DTH Capital Inc. in connection with a $240 million construction loan with respect to 20 Exchange Place, a landmark Art Deco building in New York City.
- 2. Hunton & Williams LLP • Represented a full service real estate management and investment firm, in the acquisition and financing of two high end retail condominium units located at 2770 Broadway in New York City. The acquisition financing in the amount of $18 million was structured as part mezzanine and part mortgage. • Represented Savanna in the acquisition of a 20,676 square foot retail condominium at 1107 Broadway/10 Madison Square West. The retail space, part of a 16-story building with 125 luxury residential condominiums, includes approximately 12,000 square feet of prime corner ground floor space and 4,800 square feet of basement selling space. • Represented agent and lead lender in two separate New York City hotel construction financings. • Represented a number of private real estate investment companies in the acquisition and disposition of high-end office buildings, apartment complexes, condominiums and retail centers. • Represented investors and developers in the formation of joint ventures for the operation of various types of commercial properties, including office, rental and low-income housing. • Represented senior lenders in the restructuring of a loan secured by a large multistate hotel portfolio. • Represented senior lenders in the negotiation of an extension of an $860 million loan facility secured by a large portfolio of office buildings. • Represented banks and insurance companies in connection with the financing of various office, hotel and retail properties. • Represented landlords and tenants in the preparation and negotiation of commercial leases, including leases of office, retail and storage spaces. • Represented lenders in connection with the purchase and sale of loans secured by commercial real estate. • Represented a holding company in a joint venture in connection with construction financing for major renovations to residential apartment units and common areas for a large condominium complex in New York City. • Advised the owner of a large landmark office building in New York City in connection with a $55 million mortgage loan. • Represented the property owner of a mixed-use building on the Upper West Side of Manhattan in their refinancing of existing mortgage debt. • Represented a developer in the refinancing of a three building office complex containing over 1 million square feet, located just outside of Philadelphia, Pennsylvania. • Represented a real estate private investment firm in connection with its substantial equity investment in a joint venture formed to acquire a 50% stake in one of the largest privately owned industrial properties in
- 3. Hunton & Williams LLP New York, a 16-building complex with approximately 6 million square feet of space. • Represented a developer in the $35 million refinancing of an eight- story, Class A office building located in the Golden Triangle business district of Washington, DC. • Represented a building owner in a $300 million construction loan, which will convert a landmark New York City skyscraper into luxury apartments. Memberships • Member, New York State Bar Association, Real Property Law Section, Young Lawyers Section Events • Building Relationships, October 9, 2013 Awards & Recognition • Selected as a “Rising Star,” New York Super Lawyers, Real Estate, 2014