Loan to Fund Redevelopment in The Hunters Point Shipyard-Candlestick Point Area  

SAN FRANCISCO, Calif. (January 2, 2014) - Perkins Coie represented client East West Bank in a $30 million residential loan to Lennar Corporation for the construction of the first phase of market rate homes in the Hunters Point Shipyard, long a blighted shipyard in San Francisco.  Pasadena-based East West Bank is the first commercial lender to finance construction activity at the shipyard.  The Hunters Point Shipyard-Candlestick Point is the largest redevelopment effort in San Francisco since the 1906 earthquake.

Led by San Francisco partner Allan E. Low, the Perkins Coie team included Seattle partner, Richard Prentke, San Francisco partner Marc Bruner and San Francisco associate Michelle Chan.

Perkins Coie is a leading international law firm that is known for providing high-value, strategic solutions and extraordinary client service on matters vital to our clients’ success. With more than 1,200 lawyers in offices across the United States and Asia, we provide a full array of corporate, commercial litigation, intellectual property, and regulatory legal advice to a broad range of clients, including many of the world’s most innovative companies and industry leaders as well as public and not-for-profit organizations.

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