Murphy PC Advises on Joint Venture Preferred Equity Investment in a $50M Residential Condominium Development in Boston, Massachusetts

January 10, 2025-Murphy PC represented a preferred equity investor in a joint venture to complete construction of a $50M residential condominium development in Boston, Massachusetts.  The transaction included negotiation of a joint venture agreement and various collateral agreements with the sponsor and its affiliates.  The sponsor develops and constructs residential projects in Boston, Somerville, Cambridge, and Nantucket Massachusetts.   Our client manages a fund providing preferred equity financing to real estate developers.

Murphy PC is a law firm based in Boston, Massachusetts providing legal services to developers, investors, and lenders in real estate and business transactions, including joint ventures, project development, acquisitions and sales, construction contracts, financing, leasing, and title insurance in residential, mixed-use, condominium, multi-family, office, retail, education, industrial, hotel, retail and restaurant transactions.

 

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Murphy PC Advises on Joint Venture Preferred Equity Investment in a $15M Multifamily Acquisition and Condominium Conversion in Cambridge, Massachusetts

May 30, 2025-Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of a 20-unit multifamily property in Cambridge, Massachusetts to convert the property to a $15M condominium project. We negotiated and advised on the joint venture operating agreement...

Murphy PC Advises on Joint Venture Preferred Equity Investment in a $16M Multifamily Acquisition and Condominium Conversion in Raleigh, NC

May 19, 2025 Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in an acquisition of a 42-unit multifamily property in Raleigh, NC to convert the property to a $16M condominium project. Murphy PC negotiated and advised on the joint venture...

Murphy PC Advises Sale of Limited Partnership Interest in 60-Unit Multifamily Property in Western Massachusetts

May 16, 2025-Murphy PC represented a Massachusetts limited partnership in the sale of limited partnership interests in a 60-unit multifamily property in Western Massachusetts to existing limited partners.  We negotiated and advised on the limited partnership interest purchase and sale agreement, the assignment of limited...