Carmen I. Pagan


Carmen Pagan concentrates her practice in real estate matters. She represents DUS and construction lenders, seller/servicers and other financial institutions in all aspects of commercial lending, including conventional loans, senior housing, student housing, credit enhancement for municipal mortgage bond financings originated through Freddie Mac Seller/Servicer and Capital Markets Execution programs, and Fannie Mae DUS program.

Carmen also has experience with portfolio and cross-collateralized loans at a national level and other loans involving:

  • affordable housing/subsidies complex structures
  • IRS Section 1031 like-kind exchanges
  • lease-back structures
  • ground leases
  • master leases
  • real estate investment trusts
  • industrial development agencies
  • state housing finance agencies
  • local municipalities
  • defeasance
  • low income housing tax credits
  • historic tax credits
  • other various types of funds



  • New York State Bar Association



  • Supreme Court of the United States
  • Connecticut
  • New York


  • University of Puerto Rico, BBA, magna cum laude
  • Hofstra University School of Law, JD