Rachel S. Brown, P.C. - Partner

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Rachel S. Brown, P.C.

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Phone: +1 312-862-5275
Fax: +1 312-862-2200
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Professional Profile

Rachel Brown is a partner in the Real Estate Group in the Chicago office of Kirkland & Ellis LLP. Her practice focuses on finance, venture formation, acquisitions and dispositions, and development. She advises borrowers and lenders in all types of real estate based financing transactions including first mortgage loans, construction loans, mezzanine financings and other structured financings. Rachel also represents clients on workouts, loan sales, mortgage and mezzanine foreclosures, and participations. She advises real estate developers in acquisitions and dispositions of real estate assets as well as equity and operating partners in real estate joint venture transactions. Rachel was recognized in the 2011–2018 editions of Chambers USA, America's Leading Lawyers for Business, which noted that clients are impressed "with her 'great knowledge, responsiveness and commercial understanding'" as well as her "extraordinary" management skills. She was also recognized by The Legal 500 U.S. for Real Estate law in 2013 and 2015, which cited that she is "scrupulously thorough," and was listed in The Best Lawyers in America in 2018.

Representative Matters

Since joining Kirkland, Rachel:

-Represented borrower in $1.15 billion term loan and revolving credit facility.

-Represented borrower in $1.4 billion first mortgage financing of shopping mall in Hawaii.

-Represented borrower in $675 million mortgage financing secured by Manhattan office property; structured as a single asset securitization.

-Represented borrower in $483 million secured corporate credit facility.

-Represented borrower in $425 million mortgage financing.

-Represented borrower in $375 million mortgage financing of Manhattan Hotel.

-Represented lender in making of $375 million secured term loan to west coast based health club company.

-Represented borrower in $213 million mortgage financing of luxury resort.

-Represented borrower in $158 million first mortgage and mezzanine financing secured by a portfolio of residential condominium units located in Las Vegas, Nevada.

-Represented lender in making of $150 million mortgage and mezzanine loan secured by equity in ground up Times Square development and real property in Midwest portfolio.

-Represented borrower in $140 million revolving line of credit.

-Represented borrower in $120 million mortgage financing secured by luxury hotel in Miami, Florida.

-Represented borrower in $40 million mortgage financing, including conversion of equity kicker from refinanced debt into interest in Borrower.

-Represented lender in origination of mezzanine loan secured by interests in a Burbank, California office building.

-Represented distressed debt fund in numerous loan and REO acquisitions, and associated workouts, financings and joint venture formations.

-Represented borrower in subscription line financing.

Prior to joining Kirkland, Rachel:

-Represented seller in $485 million sale of 14 government tenanted properties located throughout the United States.

-Represented borrower in $381 million financing consisting of a mortgage loan, senior mezzanine loan and junior mezzanine loan.

-Represented borrower in connection with a $290 million construction loan and a $50 million mezzanine loan obtained to finance a mixed use development project.

-Represented lender in $280 million loan made to refinance an office tower in Chicago, Illinois.

-Represented borrower in $270 million loan used to refinance shopping center.

-Represented lender in conversion of approximately $250 million revolving credit facility into equity position in newly formed joint venture.

-Represented borrower in connection with $50 million revolving line of credit.

-Represented fund in liquidation of portfolio of mezzanine loans.

-Represented mezzanine lender in voluntary foreclosure of mezzanine loan secured by interests in residential condominium project and subsequent sale of assets.

-Represented equity partner in formation of joint venture created to invest in hotels in China.

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