Eiteljorg, Jennifer

Executes on commercial real estate transactions in over 40 states. More than two decades working in real estate law. Leads real estate financings in the quarter-billion-dollar range.

Jen Eiteljorg thrives on the challenge that comes with a diverse and busy national real estate practice. Focused primarily on real estate finance, she advises institutional lenders, banks and EB-5 lenders on commercial real estate loan origination. Jen has been a key player in securing multimillion-dollar fixed and floating rate loans backed by multi-family, office, medical office, hospitality, self-storage and manufactured home portfolios, both locally and on a national scale. She also has comprehensive experience negotiating and working out non-performing loans, and regularly advises clients with respect to forbearance agreements, restructurings and deed in lieu agreements.

Handling transactions across an array of industries, Jen also advises clients on the purchase and sale of real estate, including distressed asset acquisition and disposition.

A leader both in her practice and at the firm, Jen is a past chair of the firm’s professional development committee, and a steering committee member of the Women’s Leadership Initiative.
 

Practices & Industries

Practices

Lending

Jen represents lenders and borrowers in construction and permanent loans, and represents conduit and institutional lenders in originating loans secured by properties in multiple jurisdictions. She has significant experience with drafting and negotiating EB-5 loans and multi-state portfolio loans. She also represents lenders in restructuring, buying and selling defaulted loans, and in dispositions of REO property.

Acquisition/Disposition

Jen’s real estate transactions include representing a private equity fund in acquisition and financing of land in Mexico for development of master planned and resort communities, representing a private investment company in the acquisition of multi-family properties throughout the United States with related exempt offering of securities, and representing institutional and private purchasers in the acquisition, disposition and development of office, retail, mixed-use and industrial properties.

Representative Matters

  • Assisted borrower with refinancing of mixed use and office properties at 1530 16th Street and 1555 Blake Street in Denver, Colorado. The transaction involved a $48,000,000 loan made by a life insurance company lender.

  • Assisted borrower with acquisition and $13,300,000 financing of office property at 15th and Market Streets in Denver, Colorado.

  • Counsel to Full House Resorts, Inc. in the issuance of $100 million in senior secured notes, proceeds of which were used to pay in full existing first-lien and second-lien credit facilities.

  • Represented SLV Castle Oaks L.L.C. in the sale of residential lots at Terrain in Castle Rock, Colorado.

  • Represented lender in loans secured by manufactured housing communities in Indiana, Ohio and Michigan.

  • Represented borrower on a construction loan for an age-qualified apartment community in Littleton, CO.

  • Represented a Denver-based real estate investment company in the acquisition of 200,000 square foot high-rise core and shell office development in Austin, Texas.

  • Represented First National Denver in BD Omni, LLC’s acquisition of High Point Omni Center, a 93,000 Square Foot Flex Industrial Project in Denver, Colorado.

  • Represents First National Denver in modifications and workouts of delinquent loans, and disposition of REO assets in California and Colorado.

  • Represented Tropicana Entertainment Inc. (the gaming vehicle of Icahn Enterprises LP) in the acquisition of the Lumiere Place Casino, HoteLumiere, and Four Seasons Hotel St. Louis, from certain subsidiaries of Pinnacle Entertainment, Inc . through the purchase of all of the equity securities of the Pinnacle entities that hold the assets associated with such properties.

  • Provided real estate diligence in support of litigation to open the Torcido Creek road as means of access to Taylor Ranch property for beneficiaries of Colorado Supreme Court decree in the landmark case of Lobato v. Taylor, 70 P.3d 1152 (Colo. 2003), which confirmed rights of descendants of Mexican settlers to access to land under Spanish land grant of 1884 and confirmed in the Treaty of Guadalupe Hidalgo ending the Mexican/American war.

  • Represented subsidiaries of Gaiam, Inc., as borrowers under a $35 million syndicated revolving credit facility made by PNC Bank as administrative agent.

  • Counsel to Riviera Holdings Corporation, a Las Vegas casino operator and a portfolio asset of Starwood Capital Group, in the sale of the stock of Riviera Black Hawk, Inc. (the owner of Riviera's Black Hawk, Colorado casino) to an affiliate of Monarch Casino & Resort, Inc., in a transaction valued at $76 million.

  • Represented a developer client in the negotiation, acquisition, closing and construction financing of the acquisition of vacant land and $38,000,000 construction loan for an apartment complex located near Union Station in Denver.

  • Counsel to Graham Packaging Company, L.P. in a $568 million strategic acquisition of another manufacturer and supplier. In the transaction, Graham Packaging Company acquired all of the limited partnership units of the target company from the company's limited partners and all of the stock of each of the company's three corporate general partners from their stockholders. A manufacturer and supplier of technology-based, customized blow molded plastic containers for the branded food and beverage, household, personal care/specialty and automotive lubricants product categories, Graham Packaging Company is a portfolio company of Blackstone Capital Group.

  • Represented a private high school in a $12 million workout with bondholders.

  • Represented the owner of a GSA leased building with acquisition and permanent financing of the site, lease extension with the GSA, and eventual sale of building with assumption of the existing loan by a REIT purchaser.

  • Represented KeyBank in a $241.5 million acquisition loan secured by an apartment complex in Greenbelt, Maryland. The transaction included two mezzanine loans as well as a construction holdback for renovation and restoration of damaged portions of the apartment complex. Also represented KeyBank on a $72 million construction loan secured by a privately owned office condominium tower constructed atop a public parking structure.

  • Represented a Denver-based diversified Real Estate Investment Trust (REIT) in the negotiation, acquisition and closing of a sole tenant office building valued at more than $51 million and located in Princeton, New Jersey.

    Related Practices & Industries:
    REITs |

  • Represented a private investment company in due diligence, contract negotiation, acquisition and financing of more than 15 California shopping centers valued at over $300 million. Brownstein handled environmental remediation and development or sale of additional pads for several of the sites.

  • Represented the developer in the acquisition of a vacant hotel, obtaining entitlements for redevelopment of the site as a mixed-use (residential/retail), transit-oriented development; resolution of title matters; construction financing; leasing of retail space and eventual $60.9 million sale of the project in Denver, CO.

News & Events
Community

Board of Directors, Denver Metro Chamber Leadership Foundation

Project Angel Heart, Governance Committee

Former Member, Women of Enterprise Committee, Burns School of Real Estate, University of Denver

Former Board Member, Denver Children's Advocacy Center

Leadership Denver, Class of 2013

Downtown Denver Partnership, 2005 Emerging Leaders Program

Education
  • J.D., 1997, Temple University Beasley School of Law
  • B.A., 1993, Emory University
Admissions
  • Colorado
  • Pennsylvania
Recognition

White Belt in Legal Lean Sigma® and Project Management Certificate, Legal Lean Sigma Institute

Faculty member and author of the Pennsylvania Bar Institute course, Title Insurance, from Commitment to Claim

Membership

Colorado Bar Association

Denver Bar Association

CREW Denver

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