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Ropes & Gray Represents TPG RE Finance Trust in $1.25B CRE CLO Offering

Practices: Real Estate Investments & Transactions

Ropes & Gray represented TPG RE Finance Trust, Inc. (NYSE: TRTX), a publicly-traded mortgage REIT managed by TPG, in transferring various commercial real estate loans in connection with a $1.25 billion commercial real estate collateralized loan obligation. This offering marked the fourth CRE CLO sponsored by TRTX. Our representation included re-pledging participation interests in the loans to be financed on TRTX’s various commercial real estate loan credit and repurchase facilities.   

Wells Fargo Securities, LLC acted as structuring agent and co-lead manager along with Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as other co-lead managers.   

The Ropes & Gray team was led by real estate partner Dan Stanco (New York) and real estate associate Peter Hur (New York), and included real estate associates Drew Fishback (New York), Christina Kwak (New York), Norita Mengu (New York), Ruben Godinez (New York), Evan Hacker (New York), Asher Sendrovic (New York), and Meredith Sterritt (Boston).

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