NEW YORK - Paul Hastings LLP, a leading global law firm, represented affiliates of GE Capital in the sale to a special purpose vehicle established by HSBC of GE Real Estate Mexico’s interest as lender in the approximately $2 billion U.S. Dollar-denominated portion of its first seller financing loan facility in Mexico. The original seller financing was provided to affiliates of Blackstone Real Estate Debt Strategies Fund to purchase GE’s commercial real estate mortgage loan portfolio in Mexico and was one of the largest real estate financings ever in Latin America.
Latin America practice partners Joy Gallup and Mike Fitzgerald led the Paul Hastings team, which also included associate Veronica Rodriguez. Tax counsel David Makso also advised on tax issues.
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