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Alfredo Alvarez-Ibáñez is a member in the Corporate Department. He has been with O'Neill & Borges LLC since 1996. Mr. Alvarez-Ibáñez's practice is concentrated in various areas of commercial law and creditors’ rights, including real estate, commercial lending, secured transactions, asset-based finance, and complex out of court workouts and restructurings, representing both local and U.S.-based financial institutions and businesses. Mr. Alvarez has been listed in Chambers Latin America as a leading lawyer for real estate and commercial transactions. Among Mr. Alvarez’ recent representations, in 2003, he represented the buyer in the acquisition and financing of two portfolios of shopping centers in Puerto Rico with an aggregate purchase price of over half a billion dollars. In 2005, Mr. Alvarez-Ibáñez represented the same buyer in the sale of 18 shopping centers with an aggregate purchase price of over one billion dollars, one of the largest real estate transactions in the history of Puerto Rico. Mr. Alvarez-Ibáñez's practice also involves counseling financial institutions in licensing and regulatory matters applicable to finance companies, mortgage institutions and leasing institutions. Mr. Alvarez-Ibanez has been very active recently advising banks and financial institutions in workouts of commercial and construction loans as well as participating in the purchase and sale of consumer, commercial and construction loans, representing buyers and sellers. Recently, Mr. Alvarez-Ibáñez represented a venture formed by The Caribbean Property Group, LLC and Goldman Sachs in the acquisition of portfolio of commercial and construction loans from FirstBank Puerto Rico, with an unpaid principal balance of over half a billion dollars.
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