We advised Legion on the pre-development loan

Davis Polk advised an affiliate of a joint venture between affiliates Legion Investment Group and affiliates SMA Equities LLC in a $99 million acquisition and pre-development mortgage loan for a new project to be located at 201 East 84th Street (1491-97 Third Avenue) in New York City. The lenders are affiliates of BDT & MSD Partners L.P. and Deutsche Bank AG.

Legion Investment Group is a real estate developer, owner and operator with an established track record of closing complex acquisitions and executing architecturally distinguished development projects in the New York metropolitan area. Led by CEO and founder Victor Sigoura, Legion is a team of highly experienced real estate professionals who collectively have acquired over $10 billion of real estate and developed over six million square feet of residential and commercial real estate worldwide. Legion is focused on acquiring and executing developments in strategic and highly sought-after locations to create value for its institutional and high-net-worth investors.SMA Equities is a principal investor in real estate investment, development and operations. Over its history, the firm has managed and developed more than five million square feet of residential, retail and office space, and over 3,000 acres across New York, New Jersey and Florida.BDT & MSD Partners is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors.

The Davis Polk real estate team included partner Michael J. Rishty and associates Benjamin Montgomery, Florence Noorinejad and Federico Pollevick. All members of the Davis Polk team are based in the New York office.

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