Sam DeBaltzo

Represented two affiliated senior living facilities in the sale of the businesses and underlying real property. This sale involved a payoff of a Housing and Urban Development (HUD) loan and coordination with the buyer for a replacement HUD loan at closing. In light of reduced occupancy amidst COVID-19, Tonkon Torp assisted the parties in negotiating a purchase price holdback to be released to either buyers or seller over the course of a year based on post-closing occupancy rates.

Represented client as real estate counsel for funding and construction of 16 wind turbines in eastern Oregon. The project included three rounds of funding from lenders and investors which involved negotiation on the real estate provisions of the various financing agreements. Negotiated the acquisition of appropriate easements from various property owners and advised on real estate and interconnection issues with the buyer of electricity produced by the facilities. Final funding involved coordination of multiple levels of affiliated and unaffiliated companies for running various aspects of the facilities. Funding and construction concluded in December, 2020.

In early 2018, Tonkon Torp assisted Newberg Christian Church in its combinations with two other churches in the greater Portland area. Newberg Christian Church is a thriving congregation that is able to offer other churches the opportunity to consolidate office functions, focus on their religious missions, and scale accordingly. Tonkon Torp has assisted Newberg Christian Church in employing flexible methods of combining with other churches, taking into account the unique needs of the religious nonprofits and their congregations, as well as the goals of their leadership, while providing meaningful structural stability.