During a challenging economy, lenders must be creative deal-makers while maintaining the controls necessary to preserve collateral and ensure repayment upon maturity.  This environment requires legal counsel responsive to client needs and able to adapt conventional documentation to new structures.  Our real estate lawyers have decades of experience handling real estate financings, including secondary financings.  They also handle affordable housing financings, including those involving Fannie Mae and Freddie Mac.

Select Engagements

• Lender in the acquisition of 20 performing commercial mortgage loans secured by multifamily apartment projects and the concurrent sale of such loans in exchange for $152 million in MBS securities issued by Fannie Mae.
• Lender in a $531 million loan to refinance a 5,881-unit housing complex in Brooklyn, New York and the largest publicly assisted affordable housing complex in the nation.
• Lender’s real estate counsel in connection with bond financing of affordable and market rate projects credit enhanced by Fannie Mae and Freddie Mac.
• Multifamily mortgage finance company in a $21.5 million financing of an apartment complex in Orlando, Florida.
• Real estate finance and asset management services company in a $17.5 million mortgage financing of an apartment complex in Raleigh, North Carolina.
• Lender in a $90 million mortgage financing of a multifamily apartment property in Brookline, Massachusetts.
• Real estate finance company in an $11 million mortgage financing of a residential building in Glendale, New York.
• Joint venture in aggregate of $70 million mortgage loans involving three South Florida commercial properties with a foreign bank.
• Real estate investment management services company in a $59 million refinancing of a shopping center in Baltimore, Maryland.
• Investment bank in connection with the financing of national home improvement stores in three states, and the financing of newly developed and pre-existing national retail stores in a variety of states.
• Investment bank in a $79 million securitized mortgage loan to finance construction of a 277,700 square-foot office building and underground parking structure in Norwalk, Connecticut, net leased upon completion to the United States headquarters of a London-based premium liquor distributor.
• Publicly held financial services company in connection with a series of loans to finance the acquisition out of bankruptcy of 58 skilled nursing facilities in 14 states, owned in fee or under long-term ground leases.  Concurrent with the acquisition loans, the client made a loan to the company exiting from bankruptcy secured by accounts receivable, and a revolving credit facility to the new operators of the properties.
• One of the world’s leading financial management and advisory companies in connection with a $66.7 million term loan and $4 million line of credit to various entities owned and operated by a nationwide nursing and retirement facility operator.  The loans were secured by, among other things, first-priority liens on nine of the borrower's properties located in six states.
• $27 million loan on behalf of a New York City-based investment bank, secured by a 137,000 square foot office building located in Lake Forest, Illinois, net leased to Abbott Laboratories, an Illinois-based Fortune 100 health care and pharmaceutical company.
• National bank in connection with a $45 million bridge and permanent mortgage loan secured by a 180,000 square foot multi-tenant office building located in Washington, D.C., master leased to a national news publisher.
• Bank in connection with the issuance of a letter of credit to Fannie Mae for the benefit of the developer of a residential housing project to provide credit enhancement to support a Fannie Mae credit facility provided in connection with tax-exempt bonds that were issued for a mixed-used project, a portion of which was dedicated to low income housing.