Mr. Wade R Budge

Practice Details

• Languages
  Spanish
• Firm Information
  Position

  Partner

  Firm Name

  Snell & Wilmer L.L.P.
• Representative Cases & Transactions
  Cases

  Representative Experience: Negotiated the acquisition of the largest Utah master-planned community, a community that is located on over 4,000 acres
  is entitled for 20,000 residential units.
  Negotiated
  obtained entitlements from the local municipality
  state entities for the creation of the primary project area within the Inl
  Port.
  Led disposition team on the sale of multiple automotive dealerships across eight Western states in connection with a multi-billion-dollar transaction.
  Negotiated
  obtained entitlements for the construction of a world-class, year-round action sports facility, with associated snow sports, lifts,
  action sports infrastructure located in Park City, Utah.
  Led the team to acquire an over 250-acre site
  establish a partnership to develop a mixed-use community along the shores of Utah Lake
  adjacent to a new commuter rail train station.
  Negotiated
  represented seller on an approximately $40,000,000 transaction to sell over 1,300 acres of undeveloped open space l
  located between two major ski areas
  three resorts for use as a public
  private year round recreational area.
  Acted as lead counsel in representing one of the largest nationwide automotive groups in acquiring
  developing dealership properties
  portfolio in eight states.
  Advised
  represented developer/owner of a significant, multi-billion dollar retail, housing,
  office project on obtaining entitlements
  agreements for development from local regulating authorities.
  Represented property owners
  sports teams in drafting zoning ordinances
  associated development approvals for professional sports arenas, practice facilities
  stadiums in multiple cities along the Wasatch front.
  Negotiated increment incentive agreement for retail business locating a new, approximately $90,000,000 business complex in a growing Wasatch front city.
  Advised multi-family developer on multiple projects involving tax increment financing to support affordable housing projects.
  Represented world renowned ski resort in obtaining permits
  approvals required for an extension of resort area boundaries into significant ski terrain
  associated development.
  Negotiated entitlements
  ski resort use
  access rights in connection with multiple hotel
  condominium projects with local governments on behalf of developers. .
  Represented developer of a 1,300 unit master planned community
  commercial area in obtaining entitlements in Summit County, including negotiating affordable housing, public amenities
  community benefits.
  Represented owner of Utah's premier golf community in negotiating with governmental entity for approvals for development from local, state
  federal regulators.
  Represented multiple developer
  property owners on lobbying Utah legislature regarding laws affecting retail center operators, public financing, real estate transactions
  development.
  Represented school developers
  both public
  private schools in entitling new school sites within residential neighborhoods.
  Advised
  represented financial institutions on sales of many hundreds of millions of dollars of real estate owned through foreclosure or deed in lieu negotiations.

  Transactions

  Representative Transactions: Secondary Markets; 275 million private receivables securitization for a large private transportation company; 250 million private receivables securitization for a large national trucking public company; 15 private sub-prime retail installment contract securitizations, with pool sizes ranging from approximately 150 million to 300 million for a large national auto dealer and finance company; true sale opinions delivered (March 2004 through present); Negotiation of mortgage loan purchase agreements and associated trade documents for whole-loan mortgage sales, with pool sizes ranging from approximately 150 million to 300 million (March 2004 through present); Over 70 public residential prime mortgage-backed and asset-backed securitizations, with pool sizes ranging from approximately 150 million to 1.25 billion; true sale opinions delivered (January 2001 through March 2004); Credit Facilities and Debt Offerings; 200 million senior secured notes for an integrated car sales and financing company; 125 million revolving CP financing facility (sub-prime retail installment contracts); 50 million revolving CP financing facility (sub-prime retail installment contracts); 350 million term and revolving CP facility financing facility (receivables and residual interests); 150 million revolving CP financing facility (sub-prime retail installment contracts); 500 million asset-based financing facility (sub-prime retail installment contracts); 60 million secured inventory facility (automobile inventory); 60 million securities repurchase facility (securitized bonds); 1.1 billion warehouse facility refinancing and recapitalization; 50 million new markets tax credits financing for a boutique hotel; 135 million private unsecured notes exchange offering; 50 million note and warrant purchase transaction; 202 million acquisition and development loan for state fund land purchase; Flow gestation bulk sales facility (sub-prime residential mortgages); Flow gestation bulk sales facility (CRA mortgages); Flow early purchase facility (Alt-A residential mortgages); 550 million unsecured revolving credit facility; Flow gestation bulk sales facility (Alt-A residential mortgages); 80 million private unsecured notes offering; 200 million secured warehouse facility (Alt-A residential mortgages); 175 million secured warehouse facility (sub-prime retail installment contracts); 75 million secured residual facility (securitization residual interests); 45 million secured inventory facility (automobile inventory); 200 million secured warehouse facility (Alt-A residential mortgages)