Deborah A. Franzblau


Deborah Franzblau concentrates her practice in the area of commercial real estate finance, representing institutional lenders who originate loans for sale in the secondary mortgage market to Fannie Mae and Freddie Mac. In addition, Deborah represents financial institutions involved in the credit enhancement of bonds for both market rate and affordable housing projects.  Included among Deborah’s clients are various funds formed for the purpose of providing funding to both for-profit and nonprofit developers for the development, construction, and rehabilitation of affordable housing projects nationwide. 

She has extensive experience working with various housing agencies, including but not limited to:

  • New York State Housing Finance Agency
  • New York City Housing Development Corporation
  • City of New York
  • Department of Housing Preservation and Development
  • New York State Homes and Community Renewal

Deborah serves as co-chair of Blank Rome’s Diversity & Inclusion Committee and as co-chair of BR Pride.


  • Servicer’s real estate counsel in connection with bond financings by state housing finance agencies of various multifamily properties involving complex affordable housing structures.
  • Lenders’ real estate counsel in multiple transactions under Freddie Mac's capital markets execution program.
  • Lender’s counsel in connection with refinancing of portfolio of multifamily properties located in Chicago, Illinois.
  • Lender’s real estate counsel in the refinancing of former HUD properties involving Section 8.
  • Lender’s counsel in refinancing of properties receiving benefits of Section 42 low income housing tax credits.
  • Representation of senior lender in financing of portfolio of 19 cross-collateralized properties located in 8 states secured by senior and mezzanine debt and the subsequent exercise of remedies by the mezzanine lender.
  • Lender’s real estate counsel in bond financing of multiple properties in Chicago, Illinois involving subordinate financing under HUD’s Green Retrofit Program, as well as HOME funds and TIFF funds.
  • Servicer’s counsel on multiple bond financings with various state housing financing agencies under the New Issue Bond Program of the United States Department of the Treasury, the United States Department of Housing and Urban Renewal, and the Federal Housing Finance Agency.



  • American Bar Association
  • New York State Bar Association
Professional Activities

Deborah previously served as a professor of Continuing Legal Education for Lawyers in Real Estate at Fordham University School of Law, and has been a lecturer for Academy for Continuing Education in the Real Estate Division. She is currently a member of the Housing and Urban Development Committee of the New York City Bar Association.



  • New York


  • Brandeis University, BA
  • Temple University Beasley School of Law, JD