Stephen Brodie has more than 40 years of experience as both a corporate and a real estate attorney. Steve primarily represents financial institutions in commercial and private bank lending transactions, and in workout and restructuring matters.
Steve has represented commercial banks in secured and unsecured financings, including syndicated and single bank high-end middle market transactions; construction lending; IDA financings; mezzanine real estate financings; leasehold mortgage lending; asset-based lending; and in workouts and restructuring arising from such corporate and commercial loans, often involving complex intercreditor relationships. His practice is bolstered by his knowledge of New York's Lien Law and Real Property Law, and Article 9 of the Uniform Commercial Code.
In recent years, Steve's practice has expanded to include banks and niche lenders in lending against different kinds of collateral, such as fine art owned by both collectors and dealers, equity interests in closely held companies, and interests in professional sports teams. He also advises art title insurers, as well as banks that are creating and revising written credit policies for both art and real estate lending.
Additionally, Steve has represented owners, developers, and co-op and condominium sponsors in construction, building conversions, commercial leasing and buy/sell transactions, as well as foreign lenders in financings for U.S. borrowers secured by real estate, oil tankers, oil refineries, ski resorts, and other collateral.
Steve is an active member of the professional community and frequently speaks at industry conferences and prolifically writes on such topics as problem real estate and commercial loans, lending against art collateral title transactions, and risk in art investment funds.