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Contact Holly

3400 U.S. Bancorp Tower
111 S.W. Fifth Avenue
Portland, OR 97204
T: 503.205.2597

Holly Harrington McHugh

Partner

Holly focuses her practice on business and real estate finance, real estate, and general business matters. She represents banks, large financial institutions, loan servicers, and property and business owners in connection with various debt financing matters, real property and corporate diligence issues, and other contractual matters. In her finance practice, Holly has experience documenting and negotiating a variety of debt financing transactions, including secured and unsecured loan originations, construction financing, the purchase and sale of loans and loan portfolios, loan workouts, loan extensions and modifications, and equity transfers. In her real estate and general business practice, Holly has experience reviewing, negotiating, and documenting easements, property releases, ground leases, commercial leases, subordination, non-disturbance, and attornment agreements, and requests for lender consent to each of these. Her real estate experience encompasses various property types (hotels, office, retail, affordable housing, condominiums, and ground-leased properties), multi-property transactions, and multi-state transactions.

In 2015, Holly joined Miller Nash Graham & Dunn LLP. She previously worked at a large national law firm, where she represented banks, insurance companies, real estate investors, and large financial institutions in all facets of large loan real estate finance and CMBS loan servicing.

Representative Experience

  • Represented a state bank in connection with the purchase of a syndicated interest in a $245 million business loan with revolving and term loan tranches.
  • Represented a state bank in connection with the making of a $13.5 million construction loan and the purchase of $2 million in Agricultural Workforce Housing Tax Credits for the development of two affordable housing properties in Oregon.
  • Represented a state bank in connection with the purchase of a syndicated interest in a $70 million business loan with revolving and term loan tranches.
  • Represented a state bank in connection with the purchase of a $13.6 million tax-exempt bond for the construction of new affordable housing in Washington.
  • Represented a credit union in connection with the refinance a $15 million term loan secured by a mixed-use property (office and industrial) in Oregon.
  • Represented an Oregon manufacturing company in connection with negotiating loan documents for a $2.9 million business loan with revolving and term loan tranches.
  • Represented a state bank in connection with the refinance of a $27.6 million portfolio of loans to affiliated borrowers secured by various properties (multi-family, office, and retail) in Oregon and California.
  • Represented a state bank in connection with the purchase of an $8.4 million tax-exempt bond for the development of two affordable housing properties in Oregon.
  • Represented a national bank in connection with the purchase of a $43 million tax-exempt bond for the construction of new affordable housing in Oregon.
  • Represented a state bank in connection with the purchase of tax-exempt and taxable bonds in the cumulative amount of $12.8 million for the construction of new affordable housing in Washington and the subsequent assumption of the taxable bond debt by a new borrower.
  • Represented a national bank in connection with the origination of a $10.2 million construction loan for the construction of new affordable housing in Washington.
  • Represented a state bank, as agent, in connection with the origination of a $61.3 million syndicated construction loan for the construction of an industrial facility in Washington.
  • Represented a national bank in connection with the workout of a $13 million business loan secured by future receipts from the sale of agricultural products in California.
  • Represented a state bank in connection with making an $11 million construction loan for the construction of new affordable housing in California.
  • Represented a state bank in connection with making an $11 million convertible construction loan for the construction of new affordable housing in Washington.
  • Represented a state bank in connection with the purchase of a participated interest in a $33 million business loan secured by commercial aircraft.
  • Represented a national bank in connection with the making of a $10.4 million construction loan for the renovation of a hotel in California.
  • Represented two life insurance companies, as co-lenders, in connection with making a $430 million loan secured by a mixed-use property (retail and office) in California.*
  • Represented a commercial mortgage REIT in connection with making a $160 million mortgage loan secured by a mixed-use property (retail, office, and hotel) in Texas and a $40 million mezzanine loan secured by the direct equity interests in the mortgage loan borrower.*
  • Represented a CMBS master servicer in connection with the severance of a securitized $103.5 million loan secured by multiple properties into two loans of $93.4 million and $10.1 million and the assumption of the $10.1 million loan by a new borrower in connection with the sale of one of the properties.*

*Indicates transactions done before joining Miller Nash Graham & Dunn LLP