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Tim has recently represented one of his hospitality clients in consolidating a portfolio of independent hotels into a master hotel investment company with assets totaling nearly $450 million. The project involved negotiation of $200 million of new securitized loans and coordinated transaction approvals from more than 100 investors and numerous lenders, servicers and rating agencies.
Tim represents multiple private equity funds engaged in deploying more than $1 billion of capital into a wide variety of real estate investments as well as debt and equity financing.
Tim Parks recently assisted a privately held company in the restructuring of approximately $1.2 billion in real estate loans on commercial and residential projects at various stages of development and leasing and sales. The work involved conventional, securitized and participation loans secured by residential, commercial and retail properties.
From the modest beginnings of a single hotel acquisition in 2000, Tim Parks helped form a prominent Pacific Northwest hotel group and has assisted its founders in strategically acquiring, syndicating, financing, renovating and repositioning a portfolio of award-winning full-service boutique hotels. He has represented the group in virtually every aspect of its growth from a single hotel manager to a leading regional hotel management company providing management services for both affiliated hotels and independently owned hotels.
Tim Parks has represented a major U.S. timber holding company in the acquisition, through asset purchases and merger transactions, of various components necessary to form a vertically integrated wood products company, including acquisition of lumber mills, wholesale sales and distribution facilities, retail lumberyards, a short-line railroad and an aircraft holding company.
For well over a decade, Tim Parks has represented one of the largest petroleum distribution companies in the Northwest, providing day-to-day counsel and taking the leading role in negotiating, documenting and closing hundreds of purchase, sale, leasing, financing and petroleum distribution transactions.