Bio

Walter Alomar-Jiménez is a member in the Corporate Department. He joined O’Neill & Borges in 2006. Over the years, Walter has been involved in various aspects of the real estate, commercial finance and general corporate practice. Particularly, Walter has developed vast experience representing major local and international financing institutions in all sorts of commercial transactions involving real and personal property collateral. Besides his extensive experience in commercial real estate transactions, Walter has represented clients in the acquisition of loan portfolios and performed due diligence related thereto, as well as drafted, negotiated and executed related financing agreements and asset purchase agreements. Walter has represented local and foreign lending institutions, such as Banco Santander Puerto Rico, Banco Popular de Puerto Rico, Oriental Bank, JP Morgan Chase and Wells Fargo & Co., in commercial transactions. He has drafted and negotiated term, revolving, non-revolving, asset-based, syndicated and participated financings and their corresponding collateral documents. Walter has advised lending institutions and other entities in connection with workout and restructuring transactions, including foreclosure proceedings and discounted pay-off agreements. Walter formed and led the legal team that represented Abbey Finance Holdings PR, LLC in the due diligence and acquisition from Doral Bank, and several related entities, of certain residential assets consisting of approximately $623.8 million dollars of residential mortgage loans and residential real estate owned properties. Such representation also included due diligence in connection with the acquisition of commercial assets consisting of approximately $200.6 million dollars of commercial mortgage loans and commercial real estate owned properties. Recent engagements of such kind include representing Caribbean Property Group LLC (“CPG”) in the due diligence and acquisition of two (2) portfolios of commercial, construction loans and real estate owned assets (REOs) from Banco Popular de Puerto Rico for amounts equal to approximately $1 billion and $381 million, respectively, and the financing of said acquisitions. Also, represented CPG in the due diligence and acquisition of a portfolio of construction loans from FirstBank Puerto Rico for an amount of approximately $500 million and the financing of such acquisition. CPG’s institutional partners include Whitehall (a Goldman Sachs affiliate), Perry Capital, AIG, and Fremont Realty Capital. Walter has represented Diversified Developers Realty in the acquisition of 15 shopping centers in Puerto Rico with a total value of approximately $1.15 billion. The largest tenants of said shopping centers included Wal-Mart/Sam’s Club, Kmart, Footlocker, Payless and Gap/Old Navy/Banana Republic. In addition, Walter taught a commercial lending and real estate transactions course at the Interamerican University of Puerto Rico, Faculty of Law.