Photo of Rubén  Méndez-Benabe

Rubén Méndez-Benabe

Capital Member, Corporate Practice Group
787.250.2621 | rmbx@mcvpr.com

Biography

His main areas of practice include corporate, financial institutions regulation, securities, public finance, and commercial real estate.

He advises banks, broker-dealers, mortgage institutions, loan companies and other financial institutions on a wide range of transactions and regulatory matters.

Mr. Méndez-Benabe practices in the area of commercial real estate, where he has experience representing national banks, institutional lenders, financial institutions and borrowers in structuring the financing of hotels and shopping centers, as well as other commercial and industrial properties.

He also provides guidance to clients on government affairs matters, including public-private partnerships and all issues relating to municipal financing (general obligation, appropriation debt and revenue bond financing), such as deal structures related to the Commonwealth of Puerto Rico, its public corporations and instrumentalities.

Mr. Méndez-Benabe serves as legal counsel and Secretary of the Board of Directors of the Puerto Rico Public-Private Partnerships Association.

He served as Chief Operating Officer and Executive Vice President of the Government Development Bank for Puerto Rico, where he was responsible for overseeing the daily operations of the GDB and its various lines of business. He also served as General Counsel and Secretary of the Boards of Directors of the GDB and its subsidiaries.

Between 2003 and 2010 he worked as Legal Counsel to the Commissioner at the Office of the Commissioner of Financial Institutions and was responsible for overseeing the execution of the regulatory policy and coordinating with the FDIC the resolution and receiverships in year 2010 of various Puerto Rican banks.

Mr. Méndez-Benabe is the President of the Board of Directors of the Museo de Arte Contemporáneo (MAC). He has undertaken doctoral studies in law at the Complutense University School of Law in Madrid, Spain and is a licensed Real Estate Broker.

Representative Transactions

Some of his recent transactions include:

  • Counsel to Autopistas de Puerto Rico on all corporate and securities matters related to the repurchase of a portion of the $153,222,270 Puerto Rico Highways and Transportation Authority, Special Facility Revenue Refunding Bonds, 2003 Series A (Teodoro Moscoso Bridge).
  • Counsel to a commercial bank, distillery company and several infrastructure companies in the negotiation of certain claims that arise as a result of the Government Development Bank for Puerto Rico’s restructuring.
  • Counsel to Serralles Group on all securities matters related to the recapitalization plan of Serralles Hotel which included the purchase of all outstanding $54,370,000 Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority Tourism Revenue Refunding Bonds, 2006 Series A (Costa Caribe Resort Project).
  • Counsel in the financing of the following hospitality projects: the La Concha Renaissance Resort and the Condado Vanderbilt Hotel in San Juan, Puerto Rico, the Best Western Plus Condado Palm in San Juan, Puerto Rico and the Marriot Courtyard, Isla Verde Beach Resort.
  • Counsel in the acquisition and financing of a private marina known as Villa Marina in Fajardo, Puerto Rico.
  • Counsel in the acquisition and financing of the shopping center known as Oriental Plaza in Humacao, Puerto Rico.
  • Counsel in the financing of the shopping center known as Doramar Plaza in Dorado, Puerto Rico.
  • Local counsel to Scotiabank de Puerto Rico, as administrative agent for lenders that extended approximately $550 million in credit to the Puerto Rico Electric Power Authority (PREPA), in PREPA’s PROMESA Title III Proceeding.

Practices

News & Publications

News

Publications

Chairman, Strategic Planning Committee

Bar Admissions

Education

B.A., Magna Cum Laude, University of Puerto Rico, 1999

J.D., University of Puerto Rico School of Law, 2002

Certified Legal Specialty

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