GE Capital Finances Landmark Real Estate Loan in Mexico
New York, NY – Paul Hastings LLP, a leading global law firm, represented GE Capital as lender and agent in an approximately $3 billion seller financing loan facility, one of the largest real estate financings ever in Latin America. The financing was part of the sale of GE Capital, recently the 7th largest financial institution in the U.S. Paul Hastings’ client GE Real Estate Mexico, S. de R.L. de C.V., financed the purchase by affiliates of Blackstone Real Estate Debt Strategies Fund, of GE’s commercial real estate mortgage loan portfolio in Mexico. The financing involved three separate credit facilities, each secured by a Mexican collateral trust, one in US Dollars, one in Mexican Pesos, and one dual currency agreement.
Latin America practice partners
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