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Real Estate Trust & PF
Real Estate Trust & PF
Overview
Real estate trusts and project financing (PF) are complex financial and legal domains at the heart of development project structures, simultaneously designing fund-raising and project risk allocation. In particular, since the rights and obligations among stakeholders are intricately formed depending on the project structure, collateral arrangements, fund disbursement, and recovery methods, precise structural design and risk management from the initial stages are the decisive factors in project stability. LIN's Construction & Real Estate team designs PF structures from the perspectives of various stakeholders including financial institutions, developers, and investors, and provides strategic and practical legal advice to minimize risks.
Key Services

Project financing structure design and contract framework establishment

Advice on lender consortium agreements and financial covenants

Design of management-type, collateral-type, and disposal-type trust structures

Clarification of rights between trust companies and developers

Restructuring of projects with deteriorating feasibility

Advice on debt restructuring, refinancing, and voluntary restructuring (ARS)

Collateral establishment and recovery strategy formulation

Priority and distribution structure analysis

Responsible completion, default, and lender disputes

Dispute resolution among developers, contractors, and financial institutions

Key Experience

Advice on project financing (SOC/PPP) for K Expressway project

Advice on project financing (SOC/PPP) for D and S light rail projects

Advice on project financing and refinancing for B-LNG Terminal, J Terminal, and other terminal projects

Structured finance advice for multiple residential development and real estate PF transactions

Advice on acquisition of office buildings, hotels, and other properties on behalf of domestic and international real estate funds

Advice on commercial real estate securitization (sale & leaseback) using real estate funds

Lender consortium advice for Seoul International Finance Centre (SFC) refinancing

PF project disputes for K Association, K Bank, H Bank, and K Bank in Eunpyeong New Town prime commercial district

L Corporation advisory