Jay Akers

Jay Akers is a member of Winstead's Real Estate Finance, Default Resolution & Servicing Practice Group. Jay represents financial institutions in connection with commercial lending transactions, with an emphasis on both balance sheet loans and loans originated for the CMBS market. Jay also regularly serves as local counsel for financings with real property collateral located in North Carolina. 

Representative Experience

Securitized Lending: Represents national CMBS and other fixed-income lenders on financing transactions ranging from $3,000,000 to $30,000,000, involving loans secured by multi-family apartment complex developments, mixed-used real estate, office complexes, hotels, and industrial buildings.

• $13.9 million financing of a multi-family property in Nashville, Tennessee. 
• $25.3 million financing of a multi-family property in Savannah, Georgia.
• $11.0 million financing of a multi-use property in San Diego, California.
• $14.5 million financing of a hotel in Pittsburgh, Pennsylvania.

Balance Sheet Financing: Represented institutional lenders as co-counsel in the origination and negotiation of portfolio loans secured by commercial real estate.

• $100.0 million financing of self-storage portfolio secured by 23 properties in 8 states.
• $475.0 million financing of hotel portfolio secured by 18 properties in 11 states.
• $200.0 million financing of industrial portfolio secured by 25 properties in 9 states.
• $150.0 million financing of self-storage portfolio secured by 41 properties in 16 states.

Local Counsel: Regularly serves as North Carolina counsel for institutional lenders and borrowers in the origination and negotiation of loans secured by commercial real estate in North Carolina.

• $8.9 million financing of an industrial property in High Point, North Carolina.
• $126.0 million portfolio loan secured by multiple properties in North Carolina and five other states.
• $64.6 million financing secured by multi-family property in Durham, North Carolina.
• $48.2 million financing secured by multi-family property in Charlotte, North Carolina.