Alfredo Alvarez-Ibañez

Alfredo Alvarez-Ibáñez is a member in the Corporate Department. He has been with O’Neill & Borges since 1996. Alfredo’s practice is concentrated in various areas of commercial law and creditors’ rights, including real estate, commercial lending, secured transactions, asset-based finance, and complex out-of-court workouts and restructurings, representing both local and U.S.-based financial institutions and businesses. Alfredo’s practice also involves counseling financial institutions in licensing and regulatory matters applicable to finance companies, mortgage institutions and leasing institutions. He also has been very active recently advising banks, financial institutions and investors in workouts of commercial and construction loans as well as participating in the purchase and sale of consumer, commercial and construction loans, representing buyers and sellers. Alfredo has been consistently listed in Chambers Latin America as a leading lawyer for real estate and commercial transactions.

Among Alfredo’s relevant representations, in 2003, he represented the buyer in the acquisition and financing of two portfolios of shopping centers in Puerto Rico with an aggregate purchase price of over half a billion dollars. In 2005, Alfredo represented the same buyer in the sale of 18 shopping centers with an aggregate purchase price of over one billion dollars, one of the largest real estate transactions in the history of Puerto Rico. Recently, in 2011, Alfredo represented a venture formed by The Caribbean Property Group, LLC and Goldman Sachs in the acquisition of two portfolios of commercial and construction loans from FirstBank Puerto Rico and Banco Popular de Puerto Rico, with an aggregated unpaid principal balance of approximately a billion dollars. In 2013, Alfredo represented a venture formed by The Caribbean Property Group, LLC and another investor in the acquisition of a portfolio of commercial and construction loans and real estate assets from Banco Popular de Puerto Rico, with an unpaid principal balance of approximately a billion dollars.