Susannah S. Cupp
Susannah Cupp has more than 20 years of experience representing clients in complex real estate finance transactions, including syndicated, portfolio, mezzanine, and construction loans, secured and unsecured revolving credit facilities, subordinate loans, participation arrangements, and intercreditor and co-lender agreements.
Susannah represents prominent domestic and foreign banks and lending institutions, as well as property owners, in the financing of office and mixed-use properties, multi-family projects, hotels and resorts, condominium projects, retail/commercial centers, self-storage facilities, and industrial projects. She also represents banks in connection with secured and unsecured credit facilities to public and private homebuilders.
Susannah’s practice also involves representing clients in purchase and sale transactions, joint venture arrangements, and leasing arrangements. She also has experience in distressed real estate matters, including workouts and restructurings.
Prior to joining Morrison Foerster, Susannah worked in municipal government, and she is experienced in local government policies, procedures, and regulations.
Susannah is a member of the Los Angeles County Bar Association and the Los Angeles Real Estate & Construction Industries Council.
Experience
Multi-Family and Retail Construction Loan
A multinational bank as joint lead arranger and co-lender in a $245 million construction loan for the construction of a high-rise, multi-family residential and retail complex in Oakland, CA.
Syndicated Portfolio Loan Financings
Multiple money center banks, as arrangers and administrative agents, in multiple syndicated portfolio loan financings totaling more than $3.5 billion in the aggregate, secured by office buildings in Santa Monica, West Los Angeles, and Honolulu owned by subsidiaries of a publicly traded REIT.
Hotel Portfolio Loan
A Japanese bank in connection with the origination, pledge, sale, and syndication of interests in a $1.725 billion multiple loan transaction secured directly or collaterally by a portfolio of iconic hotels in Hawaii and California.
Apartment Portfolio Loan
The administrative agent and lead lender in connection with a $100 million mortgage loan secured by five multi-family apartment projects located in Washington, Georgia, North Carolina, and Tennessee.
Acquisition of Mezzanine Loans
A debt investment fund as purchaser of a $105 million subordinate mezzanine loan tranche (part of overall $910 million financing related to approximately 40 industrial sites), including the negotiation of an intercreditor agreement with mortgage lender and senior mezzanine lender.
Office Acquisition
The purchaser in the $35.9 million acquisition of an office building in Hawthorne, CA to be redeveloped as the new corporate headquarters of the purchaser.
CMBS Financing Transactions
Borrowers affiliated with a leading global provider of logistics solutions in connection with several CMBS financing transactions (consisting of mortgage, senior mezzanine, and junior mezzanine financing tranches) aggregating in excess of $2.85 billion and secured by a total of 271 industrial and logistics properties located throughout the United States. This financing was obtained in connection with the acquisition of the properties from Industrial Income Trust through a merger transaction valued at $4.55 billion.
Syndicated Construction Loan
The administrative agent and arranger for $190 million syndicated construction loan for a high-profile hotel/residential/retail project being developed by a real estate fund sponsored by the CIM Group in the heart of the Sunset Strip in West Hollywood, California.
Unsecured Revolving Credit Facility
A national bank in connection with $2.4 billion unsecured syndicated revolving credit facility to a national homebuilder.