• Share
  • Email
  • Print
  • Font Size

Patrick L. Ridinger

Partner
Charlotte
+1.704.331.7548
Fax +1..704.353.3248

Primary Practice

Secondary Practices

Education

  • J.D., University of South Carolina School of Law, 1998, (cum laude; South Carolina Law Review, associate student works editor; Order of the Coif; Order of the Wig and Robe)
  • B.S., Wofford College, 1995, (magna cum laude, Phi Beta Kappa)

Admissions

  • Bar of North Carolina
  • Bar of South Carolina
  • Biography Overview
  • Additional Background
  • Representative Work

Mr. Ridinger is a partner in the Charlotte office and focuses his practice on the acquisition, development, financing and leasing of commercial and industrial properties. He has a wide range of experience in representing real estate developers, real estate private equity firms, lenders and other institutional investors in complex, multi-faceted commercial real estate transactions, including the structuring of joint ventures and investment funds, acquisition, financing and disposition of office properties, hotel and resort projects, multifamily projects and retail centers, and acquisition and financing of large portfolios of the foregoing.  Mr. Ridinger has been very active representing REITs and real estate private equity funds in the acquisition and disposition of distressed commercial real estate loans and loan portfolios and in restructuring troubled commercial real estate debt and equity investments.

 

Mr. Ridinger is a LEED Accredited Professional (LEED-AP), a distinction he earned through the Green Building Certification Institute. As a LEED-AP, he has demonstrated a thorough understanding of green building practices and principles, as well as the LEED Rating System.

Achievements

  • Best Lawyers in America, Real Estate Law, 2009 - present
  • Superlawyers, Real Estate Law, 2010, 2011
  • Legal Elite, Business North Carolina Magazine, Real Estate Law, 2008 - present

Professional/Civic Activities

  • American Bar Association (Real Property Section Member, 1998 - present)
  • NAIOP (Charlotte Chapter, Board of Directors, 2006 - present)
  • Represented a major financial institution in connection with its acquisition of a portfolio of real estate secured loans valued at over $2.6 billion from a nationalized foreign bank.
  • Represented a publically traded commercial mortgage REIT in all aspects of its acquisition of a $670 million pool of commercial real estate loans, including senior loans, participation interests, B Notes and mezzanine loans.
  • Represented a real estate developer in connection with a $60 million revolving mezzanine loan facility secured by cash flow generated by 18 retail and multifamily projects located in five states.
  • Advised an institutional lender in connection with a $134 million junior mezzanine loan that is part of a $870 million capital stack secured by 261chain restaurant locations across the U.S.
  • Advised a developer client in connection with the recapitalization of multiple multifamily projects through the formation of joint ventures with institutional capital providers.
  • Represented a real estate private equity fund in connection with multiple single loan purchase transactions ranging from $10 million to $72 million, including negotiation of joint venture structures with institutional capital sources and advising the client through various loan restructuring and foreclosure scenarios.
  • Represented a real estate investment fund in connection with its acquisition of two non-performing loans secured by industrial property assets, a contested bankruptcy reorganization by the borrower, and ultimate sale of the loans following completion of the bankruptcy proceeding.
  • Represented a regional developer in connection with all aspect of the development, financing and franchising of a premier luxury hotel and resort project.
  • Represented a commercial mortgage REIT in connection with an $18 million mezzanine loan that was part of a $185 million financing package secured by an office building in New York.
  • Represented a privately held real estate development company with restructuring development and permanent financing facilities with 12 lenders totaling over $600 million secured by retail, multifamily and single family developments in a successful effort to avoid multiple foreclosures and a potential bankruptcy.
  • Represented the sponsor of a joint venture in connection with a recapitalization and debt restructuring for a downtown office tower.
  • Represented a publically traded REIT in restructuring a senior loan facility secured by a resort hotel located in the Cayman Islands.
  • Advised a private real estate firm on the restructuring of over $200 million of secured, recourse loans and the simultaneous sale of $211 million of retail, distribution, multifamily and single family assets in multiple states.
  • Represented a borrower in connection with its acquisition of its own debt through a so-called “straw man” structure.
  • Represented the purchaser of a portfolio of a defaulted $112 million mortgage loan in connection with a deed-in-lieu of foreclosure relative to twelve limited service hotels in three states.
  • Represented a real estate opportunity fund in connection with the formation of a joint venture with an institutional capital source to acquire a syndicated loan secured by a significant new downtown office property.
  • Represented the owner in the sale of a luxury hotel property in the South Park area of Charlotte, North Carolina.
  • Represented developers in connection with multiple non-safe harbor 1031 reverse exchanges involving office and hotel properties.
  • Represented the developer of $150 million urban mixed-use redevelopment project in uptown Charlotte, including the formation of a joint venture with a publically traded REIT, and retail and office leasing.
  • Represented a borrower client in connection with a $217 million CMBS loan secured by 18 office buildings and two hotels.
  • Represented private and publically traded real estate investors in connection with financing, construction and leasing of office and industrial parks, including multiple corporate headquarters leases with Fortune 500 companies.
  • Represented a variety of clients in connection with sale-leaseback transactions for office, industrial and manufacturing facilities across the U.S.
  • Represented developer in the development and sale of an approximately 650,000 square foot mixed-use development consisting of retail, office, and residential components.
  • Represented regional developer in connection with the development and sale of multiple regional and neighborhood shopping center centers throughout the southeastern U.S.
© 2012 K&L Gates LLP. All Rights Reserved.  |