법무법인(유한) 율촌 | Yulchon LLC

Yulchon"s Real Estate & Construction Group advised Hyundai Asset Management Co., Ltd. on its successful investment, via a real estate investment fund managed by Hyundai Asset Management in Korea (the "REF"), in secured loans collateralized by two office buildings located in New York and a building complex located in Houston.

The target investments were 375 Park Avenue and 650 Madison Avenue in New York and the Post Oak Central buildings (One, Two and Three) in Houston. The REF made its investment by acquiring participation interests in the secured loans.

Yulchon provided detailed advice throughout the transaction, from due diligence of the subject loans, efficient investment structuring taking into consideration restrictions under applicable laws and resultant tax effects, negotiation and execution of the related agreements and assistance with closing.

Tae Jin Cha, Hui Yeon Kim and Chris H. Kang of the Real Estate & Construction Group (headed by Bong Hee Han) and Kyu Dong Kim and Joon Yung Jo of the Tax Group advised on the transaction.