Davis Polk is advising affiliates of Goldman Sachs in connection with their acquisition of Genesis Capital, LLC as well as certain loan assets from affiliates of Genesis Capital, LLC. The transaction is subject to customary closing conditions.
Genesis Capital specializes in providing short-term secured loans to professional real estate developers pursuing renovation and resale opportunities. Genesis Capital targets business entities with significant industry knowledge that purchase residential properties with the intent to renovate and resell the property on average within 12 months.
The Davis Polk corporate team includes partners John D. Amorosi and Lee Hochbaum and associates Faizan A. Tukdi, Robert F. Smith and Arthur M.T. Burke. Counsel Brian D. Hirsch is providing real estate advice. Partner Kathleen L. Ferrell is providing tax advice. Partner Veronica M. Wissel and associate Travis Triano are providing executive compensation advice. Partner Pritesh P. Shah is providing intellectual property and technology advice. All members of the Davis Polk team are based in the New York office.