SRZ represented Deer Park Road Management Company in the formation of Flywheel SFR Fund I LP

Schulte Roth & Zabel LLP represented Deer Park Road Management Company (“Deer Park Road”), an alternative investment manager, in the formation of Flywheel SFR Fund I LP (the “Fund”), a closed-end real estate fund that will pursue a single-family rental strategy. Schulte’s Investment Management, M&A, Real Estate and Finance & Derivatives teams handled the negotiation of a seed investment in the Fund by an institutional investor, Deer Park Road’s equity investment in the Fund’s property manager, the negotiation of the Fund’s property management agreement and the negotiation of a revolving credit facility. 

The team was led by Heather Wyckoff, other team members included David Weintraub, Seth Henslovitz, Larry Natke, Greg Ruback, David Griffel, David Wermuth, Meg Carey, Lauren Exnicios, Amiel Mandel, Aaron Schwed, Irem Karacal, David Cohen, and Andi Mandell.