McConnell Valdés LLC

Real Estate Department

Puerto Rico
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Overview

We are highly recognized for handling complex real estate transactions involving development, sale and leasing of large-scale commercial and residential developments, and energy and medical facilities. Our team’s track record in hotel and resort development is unmatched: we have participated in the development and financing of all of the recent major hotel and resort projects in Puerto Rico, as well as in the island’s first significant time-share program.

The firm is at the vanguard of virtually every tourism and large-scale hotel development in Puerto Rico. Our model for major real estate transactions - which combines tax, investment and financing incentives available - has becomes the standard for tourism development in Puerto
Rico.

We participated in the drafting of the Puerto Rico Tourism Act of 1993 and  the Puerto Rico Tourism Development Act of 2010.  Most recently, the group helped  conceptualize and draft the Tourism Industry Support Act of 2016. We also participated in the drafting of the Timeshare and Vacation Act, the Vacations Home Act, the Condohotel Act and the Film Industry Act.

 Our attorneys  are knowledgeable in crafting specialized  financing deals, including commercial and construction lending; asset-based lending; syndicated and structured finance; mortgage warehousing; floor planning and aircraft and vessel financing. They also manage matters related to distressed or defaulted credit facilities, such as collateral reviews, debt restructurings and workouts.

Members

Ruiz-Montilla, Jorge (Head of Department)

Casellas, Salvador

Cook, Harry

Cortés-Rexach, Paul R.

George-Iguina, Patrica

Miranda, Silvestre

Rexach-Vaquer, Jorge