Walter F. Alomar-Jiménez

Walter F. Alomar-Jiménez is a Capital Member in the Corporate Department with over 20 years of experience.

Walter has been consistently listed in Best Lawyers as a leading attorney for real estate, corporate and M&A transactions.

Over the years, Walter has been involved in transactions related to all aspects of real estate, commercial finance, creditor’s rights, distressed asset acquisitions, mergers & acquisitions and general corporate practices. Walter has also represented numerous clients in the required due diligence to acquire non-performing assets and loan portfolios.

In addition, Walter has vast experience representing major local and U.S. financial institutions in all sorts of commercial financing transactions involving all types of real estate and personal property collateral. Walter has expertise and ordinarily advises clients in issues relating with insurance policies (e.g., title, property, flood, hurricanes).

Walter has significant experience drafting and negotiating credit agreements (i.e., syndicated loans, construction loans, acquisition loans, asset-based financing, line of credits, mezzanine structures), the corresponding collateral documents (i.e., security agreements, deeds of mortgage, assignment of leases rents and UCC covered collateral), and asset purchase agreements, lease agreements, financing workouts, among others.

Walter has advised creditors in connection with workouts and restructuring transactions, including foreclosure proceedings and discounted pay-off agreements.  Under the creditor’s rights practice, Walter closely works with the litigation and bankruptcy divisions providing advise as secured creditor.

Walter led the legal team that represented major U.S. private equity funds (TPG, Inc, Capital Crossing, Atalaya Capital), in the due diligence and acquisition from the FDIC of the assets of a failing bank (Doral Bank), consisting of approximately $624 million dollars (i.e., residential mortgage loans and real estate owned properties). Such representation also included due diligence in connection with the acquisition of commercial assets consisting of approximately $200 million dollars (i.e., commercial loans and commercial real estate owned properties).

Representing additional private equity funds [The Caribbean Property Group, LLC, Whitehall (a Goldman Sachs affiliate), Perry Capital, AIG, and Fremont Realty Capital], Walter also co-led the due diligence and acquisition of (i) two (2) portfolios of commercial, construction loans and real estate owned assets (REOs) from Banco Popular de Puerto Rico for amounts equal to approximately $1 billion and $381 million, respectively, and the financing of said acquisitions (from the borrower’s side); and (ii) a portfolio of construction loans from FirstBank Puerto Rico for an amount of approximately $500 million and the financing of such acquisition (from the borrower’s side).

Walter represented SITE Centers (formerly, Diversified Developers Realty) in the acquisition of 15 shopping centers in Puerto Rico with a total value of approximately $1.15 billion. The largest tenants of said shopping centers included Wal-Mart/Sam’s Club, Footlocker, Payless and Gap/Old Navy/Banana Republic.

Acted as counsel in the acquisition of 27 Walgreen locations ($200MM).

Represented borrower on a $190MM loan to acquire commercial real estate properties.

Represented lenders on the financing of (i) low-income housing properties ($75MM+); (ii) new construction developments ($250MM+); and (iii) hospitality properties ($350MM).

Walter’s representative clients include Limited Brands, Victoria’s Secret, Blackstone, Bank of America, JP Morgan Chase, Wells Fargo & Co., Oriental Bank, Banesco USA Bank, Firstbank, Acrecent Financial Corporation, Banco Popular, Banco Santander, Capital Crossing, TPG, Inc. and Atalaya Capital.