Real Estate Finance

Collectively, our real estate lawyers have decades of experience handling real estate financings and the acquisition and sale of mortgage loan portfolios. During a challenging economy, investors, developers, and lenders look to us as advisors and creative dealmakers more than ever to finance projects and resolve problems in a prudent and cost-effective manner.

 

Our greatest value lies in our ability to provide advice that is not merely proactive, but also responsive to the specific business and legal needs of our clients. We give them guidance as well as practical alternatives to consider.

Representative Experience:

Represented a publically traded international financial institution in the workout and restructuring of a $75 million portfolio of real estate loans secured by commercial office buildings, multi-family properties, shopping centers, and industrial parks located in New Jersey, Pennsylvania, Delaware, Virginia, North Carolina, South Carolina, and Florida.

Represented a commercial finance lender and equity investor in a $60 million loan with an equity cross-collateralized loan of 16 mobile home parks located in 4 states

Represented a borrower in the $22 million acquisition financing of “environmentally challenged” waterfront real estate located in Pennsylvania, including warehouses and an office building. The loan was cross collateralized and secured by real estate, buildings, and equipment owned by the borrower and its affiliates but located in New York, New Jersey, and Connecticut. The risk of the variable interest rate was limited with an interest rate swap

Represented a commercial bank in the sale of loan portfolios to other financial institutions

Represented a commercial bank in the sale of defaulted loans to private investors

Advising clients on the practical aspects and costs of buying and selling properties requiring defeasance of existing financing

Successfully negotiated and closed on the lease and option to purchase of an environmentally contaminated property, including all financing; counseled the client in connection with exercising the option of declaring a default by the seller as landlord; and utilized litigation as a tool to force the seller to settle and close on the sale of the property. The property was comprised of several acres of formerly “environmentally challenged” waterfront real estate, a warehouse, and an office building. In connection with the acquisition, our representation included complicated financing involving collateral in several states, multistate title insurance issues, cross-collateralization of assets, and an interest rate swap

Represented an international financial institution in the workout and restructuring of loans in excess of $100 million on shopping centers, office buildings, and condominium/townhouse and single-family residential projects in New Jersey, Pennsylvania, Delaware, and Florida