Robert Ladd has 30 years of experience representing a broad range of clients with sophisticated real estate and finance transactions. He has represented owners, developers and lenders in connection with the development, construction, financing, leasing and sale of all types of commercial and corporate real estate projects, as well as financial institutions and other credit sources in connection with the financing and restructuring of various types of commercial loans and structured finance transactions. Mr. Ladd also represents parties in projects involving public financing and corporate finance transactions.
Representative transactions include:
- Representation of major national bank as agent in syndicated construction financing for a downtown Houston office tower.
- Representation of major financial institutions as agent in syndicated construction financing for office towers, high-rise multifamily projects and condominiums and hotels.
- Representation of various national retailers in negotiation of shopping center anchor leases.
- Representation of major real estate investment trust in various acquisitions, dispositions, and financing.
- Representation of financial institutions and project sponsors in real estate aspects of the construction and project financing of various power plant, refineries and industrial projects.
- Representation of financial institutions and borrowers in workouts and restructurings of debt on various kinds of real estate matters.
- Representation of national healthcare company in restructure of lease and bond financing for regional hospital facilities.
- Representation of bond trustee in workout and restructuring of portfolio of multi-family projects financed with tax-exempt bonds.
- Representation of various public companies in negotiation of secured and unsecured credit facilities
Recent Speeches and Publications
- "Completion Guarantees," 31st Annual Advanced Real Estate Law Course, Texas Bar CLE, July 2009, author and speaker.
- "Completion Guarantees," 43rd Annual Mortgage Lending Institute, University of Texas School of Law CLE, September 2009, author and speaker.
Professional Recognition
- Recognized as one of The Best Lawyers in America - Real Estate Law (Woodward/White, Inc., 2008-2010)
- Texas Monthly Super Lawyer - Real Estate (2004-2009)
Selected Representative Experience
Panda Ethanol, Inc.
Haynes and Boone represented Panda throughout the development, as sole counsel, and in the final project financing as co-counsel in a complex $188 million debt financing of its 100 million gallon-per-year ethanol facility employing novel technology in Hereford, Texas. Senior debt financing consisted of a $158.1 million senior secured credit facility which includes a $5 million working capital facility and a letter of credit supporting $50 million in tax-exempt bonds that were issued by the Red River Authority of Texas. Additionally, the project financing included a $30 million subordinated debt credit facility.
$930 Million Workout and Bankruptcy - Homebuilder
Represented the administrative agent in connection with the restructuring of revolving bank debt of a homebuilder, including the collateralization thereof and coordination with other creditor constituencies, and in the subsequent bankruptcy.
$1.1 Billion Loan Restructuring - National Homebuilder
Representation of the administrative agent in connection with the restructuring of the bank debt to a homebuilder headquartered in California, including revolving debt and two tranches of term debt.
Debt Restructure and Collections
Represented Southwest Savings Association, Bonnet Resources, Amresco, and Sunbelt Savings Association in connection with the collection of hundreds of loans including, real property foreclosures, personal property foreclosures, litigation, demands for payment, restructurings, and bankruptcies. These loans covered all industries and involved many novel factual and legal issues.
Restructuring of Letters of Credit Securing Tax Exempt Bonds - Real Estate Developer
Represented a lender in connection with its numerous loans to a major Dallas real estate developer, including many letters of credit issued to enhance tax exempt bonds issued on behalf of the developer. The workout spanned a number of years and a number of loans, many of which were refinanced by other lenders, and some of which involved conveyance of certain properties by deed in lieu of foreclosure to an affiliate of the lender.
Online Publications
03/09/2009 -
Tenant Bankruptcy Can Result in Loss of Landlord’s Security
Landlords should be aware that, under current bankruptcy law, a tenant’s bankruptcy may limit the amount of a security deposit that is available to a landlord if a tenant rejects a lease. It is possible, however, to minimize the risk of loss, at least in some circumstances, through careful structuring of security devices.