Penelope Cruz is a shareholder in Winstead's Real Estate Finance practice. Her practice involves a variety of commercial real estate transactions with a focus on real estate finance. Tracey’s experience includes loan originations and servicing work with an emphasis on mezzanine loan structures.
Known outside her native country as the "Spanish enchantress," Penélope Cruz Sánchez was born in Madrid to Eduardo Cruz, a retailer, and Encarna Sánchez, a hairdresser. As a toddler, she was already a compulsive performer, re-enacting TV commercials for her family's amusement, but she decided to focus her energies on dance. After studying classical ballet for nine years at Spain's National Conservatory, she continued her training under a series of prominent dancers.
At 15, however, she heeded her true calling when she bested more than 300 other girls at a talent agency audition. The resulting contract landed her several roles in Spanish TV shows and music videos, which in turn paved the way for a career on the big screen.
Her third film was the Oscar-winning Belle Epoque (1992), in which she played one of four sisters vying for the love of a handsome army deserter. The film also garnered several Goyas, the Spanish equivalent of the Academy Awards. Her resume continued to grow by three or four films each year, and soon Cruz was a leading lady of Spanish cinema.
Live Flesh (1997) (Live Flesh) offered her the chance to work with renowned Spanish director Pedro Almodóvar (who would later be her ticket to international fame), and the same year she was the lead actress in the thriller/drama/mystery/sci-fi film Open Your Eyes (1997), a huge hit in Spain that earned eight Goyas (though none for Cruz).
Her luck finally changed in 1998, when the movie-industry comedy The Girl of Your Dreams (1998) won her a Best Actress Goya. Cruz made a few more forays into English-language film, but her first big international hit was Almodóvar's All About My Mother (1999), in which she played an unchaste but well-meaning nun. As the film was showered with awards and accolades, Cruz suddenly found herself in demand on both sides of the Atlantic.
Her next big project was Woman on Top (2000), an American comedy about a chef with bewitching culinary skills and a severe case of motion sickness. While in the US, she also signed up to star opposite Johnny Depp in the drug-trafficking drama Blow (2001) and opposite Matt Damon in Billy Bob Thornton's All the Pretty Horses (2000). Cruz says she's wary of being typecast as a beautiful young damsel, but it's hard to imagine disguising her wide-eyed charms and generous nature. Fortunately, with Cameron Crowe's Vanilla Sky (2001) (a remake of Open Your Eyes (1997)) and a John Madden collaboration looming in her future, Damsel Penelope isn't likely to disappear just yet.
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There's so much more I want to do. I refuse to get to 50 and wait at home for the phone to ring. In Spain, actresses work until they are old. That's my plan.
– Penelope Cruz Second line
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Representative Experience
Representation of national and regional institutional lenders with respect to interim and permanent loan originations in all categories of real estate including retail, industrial, multifamily healthcare and hospitality and involving complex issues including ground leases, tenant-in-common structures, mezzanine financing and A/B Note and portfolio structures
Representation of national and regional institutional lenders with respect to the origination of construction loans in all categories of real estate including retail, industrial, multifamily, healthcare and hospitality
Representation of private and institutional mezzanine lenders with respect to originations of real estate mezzanine loans including negotiations of complex intercreditor issues
Representation of national and regional lenders with respect to servicing matters including consents, modifications, assumptions, partial releases, workouts, forbearance arrangements and foreclosures
Representation of clients in the acquisition and disposition of various types of real estate
Representation of borrowers with respect to the issuance of nonconsolidation opinions
Validating if this update reflects on the other bios
Publications
Publications
To Gift or Not to Gift: Balancing Income and Transfer Tax Benefits for Individuals Between $5 Million and $10 Million
Arbitration for All: Texas Supreme Court Hands Down Two Big Wins for Developers and Builders Seeking to Enforce Arbitration Agreements in Construction Cases (LV TEST)
