John LimLim, Ruger and Kim | Lim, Ruger and Kim

PARTNER

1055 West Seventh Street, 28th Floor
Los Angeles, CA 90017

47 Kearny Street, Suite 700
San Francisco, CA 94108

Phone: (213) 955-9500 (Ext. 113)

Fax: (213) 955-9511

john.lim@limruger.com

Bar & Court Admissions

  • California State Bar
  • U.S. District Court: Central District of California
  • U.S. Court of Appeal: Ninth Circuit

Articles & Presentations

  • “Zen and the Art of Real Estate Loan Workouts,” presented to the National Asian Pacific American Bar Association.
  • “10 Must-Do’s in CRE Loan Workouts and What Happens if Workout Fails,” presented to bankers at large in Los Angeles.
  • “Legal Issues for Hotel Operators,” presented to the Korean American Hotel Association.
  • “Commercial Development in Mid-Wilshire Area,” presented to lawyers attending CEB seminar.
  • “Real Estate Workout and Bankruptcy,” presented to the Korean Chamber of Commerce.
  • “Recent Developments in California Anti-Deficiency Rules,” presented to Korean American bankers.

John Lim is a Partner in the Los Angeles office and specializes in real estate development and financing.  Mr. Lim has represented developers, financial institutions and investment entities in a wide range of real estate and corporate finance transactions.

As counsel for developers, Mr. Lim has handled all facets of commercial real property transactions. The projects handled by Mr. Lim as lead counsel include prominent innovative developments, such as an internationally acclaimed lifestyle center, the largest commercial condominium project in Los Angeles and a state-of-the-art mixed use retail and spa complex.

As counsel for institutional lenders, Mr. Lim has worked on various types of loans extended for major shopping centers, office buildings, hospitals and medical centers, hotels and resorts, industrial and distribution centers, corporate and R&D facilities, and other innovative projects. As an expert on anti-deficiency rules and related subject matters, Mr. Lim represents lenders in complex loan restructuring and workouts.

As counsel for investors, Mr. Lim has led due diligence teams to investigate all aspects of acquisitions and financing for major projects. Mr. Lim regularly counsels on formation of investment entities, strategic alliances, and related debt/equity financing matters.

As counsel for start-up and established businesses, Mr. Lim has helped clients to obtain equity financing, debt financing and various types of hybrid financing.

Mr. Lim is a frequent speaker at symposia covering subjects such as anti-deficiency rules, loan workouts, debt/equity financing, and topics of current interest addressing bankers, accountants, lawyers and other professionals.

Grounded in his firm conviction to further equality and justice in our society, Mr. Lim serves on numerous boards of nonprofit organizations, currently serving as the Chair of the Board of Directors of the Asian Americans Advancing Justice | Los Angeles (formerly known as Asian Pacific American Legal Center) and as a member of the Board of Trustees of the UC Hastings Foundation.

Representative Matters

  • Represented real estate developers in the development of landmark lifestyle mixed use retail projects, the work for which has encompassed acquisitions, DDAs, entitlements, environmental, subdivision, financing, CC&R and REA, construction, leasing and other related aspects.  Notable projects include Plaza Mexico, Aroma Center, San Pedro Wholesale Mart and The Source (currently under construction).
  • Represented Global 1000 companies in various syndicated credit facility transactions for hundreds of millions of dollars based on secured transactions involving assets located or moving within multiple states and on water, and in some cases, layered with mezzanine or real estate loans.
  • Represented financial institutions, insurance companies and governmental agencies as lender’s counsel in various complex loan transactions (e.g., construction, permanent, mezzanine, bridge) and in loan workouts involving both portfolio and CMBS loans.
  • Represented Fortune 500 and Global 1000 companies in various acquisition and leasing transactions for their warehousing and/or distribution centers, one example of which is the acquisition of a 1.8 million square foot warehouse facility for a global clothing retailer from a major department store company.

Practice Areas

REAL ESTATE

  • Development
  • Financing
  • Leasing
  • Restructuring and Workouts
  • Acquisitions and Dispositions
  • CC&Rs and REAs
  • Commercial Condominiums

BUSINESS AND FINANCE

  • Financing (Equity, Debt, Asset Based, and Venture Capital)
  • Secured Transactions
  • Business Transactions

Education

  • University of California, Hastings College of the Law (J.D., 1982)
  • California State University, Northridge (B.S., 1979)

Foreign Languages

  • Korean
  • Japanese (elementary)

Honors & Distinctions

  • Southern California Super Lawyer (2006, 2007, 2008, 2009, 2011 and 2012)
  • Community Leadership Award, presented by the Korean American Bar Association
  • Wiley W. Manuel Award for Pro Bono Legal Services, presented by the State Bar of California
  • Legal Impact Award, presented by the Asian Pacific American Legal Center

Professional & Community Involvement

  • Asian Americans Advancing Justice | Los Angeles, Chair of Board of Directors
  • California Bar Foundation, Board Member
  • Board of Trustees of the UC Hastings Foundation, Member
  • Council of Korean Americans, Board Member
  • Korean American Bar Association, past President

About the Author

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