Murphy PC Advises Client in Joint Venture Restructuring and Mezzanine Financing

March 20, 2026-Murphy PC represented a member of a joint venture in connection with the restructuring of a joint venture arrangement relating to a multifamily property. The restructuring enabled the client to obtain mezzanine financing from a foreign lender qualifying for the portfolio interest exemption, secured by the client’s membership interest in the property.

Murphy PC negotiated credit facility documentation structured to satisfy portfolio interest exemption requirements, including the note, loan agreement, indemnification agreement, and pledge and control agreement.

The client is an established Boston-based real estate development company with a diversified portfolio spanning historic preservation projects, adaptive reuse developments, and ground-up construction across Massachusetts and California.

Murphy PC is a Boston-based law firm focusing on real estate and business transactions. We counsel developers, sponsors, owners, investors, lenders, tenants, nonprofits, and partnerships in joint ventures, project development, acquisitions and dispositions, financing, leasing, construction, and title insurance across all property types.