Firms To Watch: Real estate finance

Sheppard, Mullin, Richter & Hampton LLP has aTexas-based real estate finance offering with a focus on multifamily real estate development transactions. The practice is active on construction financing and mortgage loans, as well as restructurings and workouts. The team was recently bolstered by the addition of Michelle Brown from Jones Day.

Real estate finance in United States

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton advises both lenders and borrowers on major loan originations. The practice is well-versed in commercial real estate finance and advises high-profile clients in their transactions, including representing investors, lenders, funds, sovereigns, developers, and operators in complex multi-state mortgage and mezzanine loan transactions. The New York-based team is jointly led by Steven Wilner, Daniel Reynolds, and Joseph Lanzkron. Reynolds centers his practice around domestic and international real estate transactions, advising both lenders and borrowers. His recent work has included representing clients in joint venture negotiations and he continues to represent Brookfield Real Estate Finance Partners as lender on major loans.  Lanzkron handles a wide range of real estate transactions and is particularly sought out for his expertise in real estate acquisitions, dispositions, and joint ventures. Michael Weinberger left the firm in June 2023, while Aron Zuckerman left the firm in 2024.

 

 

Practice head(s):

Steven Wilner; Daniel Reynolds; Joe Lanzkron


Key clients

Goldman Sachs


Brookfield


Corebridge Financial (f/k/a AIG Investments)


Banco Inbursa


KSL Capital Partners


Argent Ventures


AllianceBernstein


Standard Chartered Bank


KKR


Angelo Gordon


MSD Capital


KB Kookmin Bank


JPMorgan Chase


Dechert LLP

Dechert LLP boasts a leading commercial real estate finance practice which is regularly mandated by clients to aid with origination of commercial real estate loans, including mortgage and mezzanine loans, as well as with real estate acquisitions and dispositions. The firm specializes in representing lenders in complex real estate finance transactions and advises clients on seeking leverage through repurchase agreements. Advising issuers, underwriters, and asset sellers in CMBS and standalone securitization of large loans is also a key pillar of the practice. Practice heads Laura Swihart and John Timpero lead the team from New York and Charlotte, respectively. Swihart is the go-to for clients requiring assisting with commercial mortgage-backed securitization transactions. She has also represented a number of joint ventures and entities with creating commercial mortgage loan origination platforms. The firm has a large team of lawyers to assist its large client base all over America, key names include David Forti who takes the lead in Philadelphia, Stewart McQueen who is key to the commercial mortgage-backed securities practice in North Carolina, and in Philadelphia Jason Rozes is an expert in advising lenders on commerical real estate finance. Richard Jones is an expert in capital markets and mortgage finance, while Devin Swaney focuses on structure finance and real estate matters and are both based in New York. Matthew Ginsburg, Kenneth Hackman and Nitya Kumar Goyal in Pennsylvania, and Laura Ciabarra and Matthew Fischer over in New York, are all noted for their specialism in real estate finance. In Philadelphia, Victoria Boland is noted for her experience representing investment banks, life insurance companies, and commercial banks.

 

Practice head(s):

Laura Swihart; John Timperio


Other key lawyers:

Richard Jones; Stewart McQueen; Jason Rozes; Devin Swaney; Matthew Fischer; Laura Ciabarra; Kenneth Hackman; Nitya Kumar Goyal; David Forti; Johnathon Gaynor; Victoria Boland


Testimonials

Dechert is an industry leader within the CRE finance space, especially as it relates to securitization and related topics.’

Richard Jones is a very creative individual and is at the forefront of developing new tailored solutions to meet clients needs. Stewart McQueen is a well respected lawyer who has worked on many deals and understands the ins and outs of the market. Jonathon Gaynor is a dedicated associate and is always available.’

Key clients

Arbor Realty Trust, Inc.


Farmer Mac


Federal Home Loan Mortgage Corporation (“Freddie Mac”)


Kohlberg Kravis Roberts & Co. L.P.


MF1 Capital LLC


NewPoint JV LLC


Pretium Partners LLC


The Toronto-Dominion Bank


Work highlights


  • Represented Freddie Mac in over 500 securitizations totaling approximately $539 billion since 2009, including advising on approximately 41 deals in 2022 with the cumulative issuance of more than $32.3 billion.
  • Represented a syndicate of lenders in connection with multiple loans to finance the $11 billion take-private acquisition of Switch, Inc. by DigitalBridge and IFM Investors.
  • Represented KKR Real Estate Finance Trust Inc. and a number of its affiliates, as issuer, in connection with the offering and issuance of 6 classes of secured notes (approximately $847.5 million) to investors, and the issuance of 2 classes of unsecured notes and 1 class of preferred shares (approximately $152.5 million) to be retained by an affiliate.

Gibson, Dunn & Crutcher LLP

The real estate group at Gibson, Dunn & Crutcher LLP excels in assisting clients both domestically and globally with real estate transactions. The practice assists clients with a wide scope of matters including real estate capital markets and joint ventures, acquisitions and dispositions of all asset types, debt and equity financing, as well as real estate M&A. The firm is sought out by lenders, operators, developers, and investment firms to handle their complex financing, hospitality and leisure sector transactions, and sales. Sovereign wealth funds and family offices are also a part of the firms client base. Real estate expert Eric Feuerstein leads the practice from New York alongside Los Angeles-based Jesse Sharf. Feuerstein is well-versed in a number of financing issues including joint ventures, debt purchases, and restructurings, while Sharf represents mezzanine lenders, construction lenders, CMBS lenders, and portfolio lenders in real estate transactions. Part of the New York team, Noam Haberman is key to representing banks and funds in origination, purchase and sale of balance sheets, and securitization, Andrew Lance is noted for his expertise in real estate capital markets, Aaron Beim advises institutional real estate investors, and Steven Klein is knowledgeable about real estate transactions and REIT issues. New York-based Victoria Shusterman is the go-to for commerical real estate finance matters, while in Los Angeles Mark Osher focuses on capital markets and balance sheet financing. San Francisco-based Kahlil Yearwood is noted for representing portfolio lenders, debt fund managers, and private equity firms in transactions. Real estate finance specialist Michael Weinberger joined the firm in July 2023 from Cleary Gottlieb Steen & Hamilton and is based in New York.

Practice head(s):

Eric Feuerstein; Jesse Sharf


Other key lawyers:

Noam Haberman; Andrew Lance; Aaron Beim; Steven Klein; Harry Silvera; Lauren Giovannone; Drew Flowers; Victoria Shusterman; Andrew Dady; Mark Osher; Michael Weinberger; Kahlil Yearwood


Testimonials

‘This real estate practice has some of the best and innovative people that I’ve worked with. The team has its finger on the pulse of the market and brings thoughtful solutions to issues. Gibson, Dunn is very commercial while also being diligent and thorough. The Gibson team is trusted with our most complex work.’

‘Noam Haberman is incredibly thoughtful and is my go to legal choice for difficult and complex financings. He is detail oriented and well versed in the nuances of his deals but is able to view things through a commercial lens. I highly recommend Noam and his team. ’

Key clients

Kennedy Wilson, Inc.


KKR


Rockpoint Group, L.L.C.


MSD Partners


Brookfield Property Partners LP


Trinity Investments, L.L.C.


RXR Realty LLC


Welltower


Sixth Street Partners


Hudson Pacific Properties, Inc.


Welltower


Apollo


Cerberus


TPG


Elliott Management


AECOM


IPI Partners


Hackman Capital


Morrison Foerster

Morrison Foerster is a go-to firm for clients on commercial real estate debt transactions. The team’s expertise in large syndicated term and construction loans, with CMBS, involving mortgage debt and mezzanine loans is of particular note. The firm has become increasingly involved in advising clients on potential issues related to the current distressed real estate landscape, boasting a specialized distressed real estate team to represent clients in these transactions which include global restructurings to single-asset and portfolio workouts. Mainly assisting lenders, clientele range from banks and investment banks to mortgage REITs and debt funds. In New York Mark Edelstein acts as global real estate chair for the firm, while fellow New York- based partner Jeffrey Temple and Los Angeles-based Thomas Fileti co-head the US real estate practice. Edelstein is an expert in real estate finance, representing lenders and equity players in issues from mortgage to construction loans, and acquisitions. Investment-related finance matters are handled by Fileti who specializes in real estate finance transactions and the full gamut of credit facilities. Co-chair Temple is experienced in representing both lenders and borrowers in complex real estate transactions, and is key in representing investors in large-scale acquisitions and dispositions of US commercial assets, and in loan restructurings and workouts. Christopher Delson resides in New York, Keith Print splits his time between New York and Miami, and New York-based counsel Tushna Gamadia are also noted for their roles in commercial real estate transactions. Alfred Williams was recently promoted to partner and focuses on acquisitions, financing, and development of US real estate assets from New York.


Practice head(s):

Mark Edelstein; Jeffrey Temple; Thomas Fileti


Other key lawyers:

Christopher Delson; Keith Print; Alfred Williams; Tushna Gamadia


Testimonials

‘Jeff Temple and Mark Edelstein are my go to lawyers. They have a wealth of experience and are creative in their approach to problem solving. ’

The firm has superior knowledge of real estate finance, including recent laws and evolving trends. The firm has deep insight into emerging risks in different sectors of the real estate business. This firm is more thoughtful than peer firms in providing advice and guidance.’

Thomas Fileti is a brilliant real estate attorney. He is at the top of the field. He has superior insight into real estate law and issues. His advice is also commercial. He is highly responsive.’

Key clients

Mori Trust


ING Capital LLC


Standard Chartered Bank


JPMorgan Chase


RH


RIDA Development


CGI Merchant Group


Clarion Partners


Société Générale


Wells Fargo Bank


Goldman Sachs / Hines Interests


CIBC


Work highlights


  • Represented JPMorgan Chase, as arranger and administrative agent, in connection with origination of initial $500,000,000 revolving line of credit to rental housing developer that increases via accordion arrangement to $1.25 billion.
  • Represented Mori Trust in its nearly $1 billion investment in the premier New York City office building known as 245 Park Avenue, consisting of a 49.9% interest in the common equity, which it acquired from SL Green at a gross asset valuation of $2 billion.
  • Represented JPMorgan Chase in its capacity as administrative agent and arranger for a $1.1 billion mortgage loan secured by the commercial building located at 151 West 42nd Street in New York City., consisting of a $900 million senior mortgage loan plus a $200 million upsizing.

Cadwalader, Wickersham & Taft LLP

Advising financial institutions as lenders in commercial real estate transactions, Cadwalader, Wickersham & Taft LLP frequently represents clients such as JPMorgan and Wells Fargo and other loan contributors in the CMBS market. The team is known for its expertise in CMBS, advising clients on commercial real estate loan originations as well as expanding the practice to include syndicated, acquisition, and construction lending. Practice head Bonnie Neuman is a leading real estate lawyer, representing global investment banks, financial institutions, investors and servicers in major transactions including origination of mortgage and mezzanine loans. Financing commercial properties such as hotels, office buildings, and recreational facilities are also an area of expertise for New York-based Neuman. In Charlotte, as well as real estate finance Holly Chamberlain also handles matters affecting property owners’ ownership, and acquisition and disposition of real estate interests. Assisting Neuman in New York, Nicholas Brandfon has experience handling transactions involving different property types including offices, hotels, condominium, and retail buildings. Christopher Dickson is also located in Charlotte, handling both real estate finance and securitization issues, and is also well-versed in multi-state, multi-property pooled transactions.

Practice head(s):

Bonnie Neuman


Other key lawyers:

Holly Chamberlain; Nicholas Brandfon; Christopher Dickson


Testimonials

‘Subject matter expertise, leading talent and dedicated partners. ’

‘The partners and associates with this firm are invested in our business and its success. Holly Chamberlain understands my platform, my strategic initiatives and how to support success. She is an expert steward of risk and on advising without compromising thoughtful and measured growth. ’

Key clients

AIG Asset Management (U.S.), LLC


ATLAS SP Partners, L.P.


Bank of America Corporation


Barclays


Citibank


Deutsche Bank


Freddie Mac


Goldman Sachs


HSBC


ING


Morgan Stanley


JPMorgan Chase


Kayne Anderson


Magnetar Financial


Morgan Stanley Bank, N.A.


Oceanview Life and Annuity Company


UBS


U.S. Bank


Wells Fargo Bank, N.A


Work highlights


  • Represented JPMorgan, Morgan Stanley, Wells Fargo, Citibank and Goldman Sachs as lenders in a $1.53 billion securitized mortgage loan and $375 million mezzanine loan secured by 51 student housing properties to finance the acquisition of American Campus Communities, Inc.
  • Represented the real estate investment arm of Kayne Anderson Capital Advisors, L.P. in the acquisition of a $1.3 billion medical office loan portfolio from regional bank Synovus Bank, announced on September 18, 2023.
  • Represented ING as administrative agent and ING, Citibank and Barclays as lenders in a $1.375 billion syndicated mortgage and mezzanine refinancing of an approximately $1.5 million square foot office condominium unit at 660 Fifth Avenue for Brookfield Properties, Inc.

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP separates its offering into real estate finance and corporate real estate practices, enabling the firm to give specialized advice to clients on transactions within both spheres. On the real estate finance side, the team represents borrowers and lenders in development projects. The practice is historically known for its borrower-side practice but is also strong in lender-side representation. The corporate real estate practice handles joint ventures, preferred equity transactions, acquisitions and dispositions involving real estate owners and operators as well as portfolio transactions and restructurings. The team has been particularly active in representing clients in complex joint ventures, while the real estate finance team  has assisted with a number of large loans, including mortgage loans, mezzanine loans, and construction financing. The corporate real estate practice is led by Fiona Kelly and Lee Parks, while Michael Barker and Michael Vines lead the real estate finance group. Barker and Vines are both real estate specialists, representing clients in commercial real estate finance matters such as origination of commercial loans for capital markets, syndicate, and balance sheet lenders as well as on other key finance transactions. Real estate specialist Kelly focuses on high-value corporate real estate transactions and joint venture acquisitions and dispositions of interests in real estate portfolios and private real estate companies. Steven Rudgayzer is well-versed in complex joint venture transactions, Patrick Dowd handles joint venture agreements for investment in commercial real estate largely representing private equity funds, and Kabaye Liku represents lenders and institutional investors in origination and restructuring of mortgage and mezzanine loans for capital markets. Suzanne Decker left the firm in June 2023. All lawyers mentioned are in New York.

Practice head(s):

Fiona Kelly; Lee Parks; Michael Barker; Michael Vines


Other key lawyers:

Steven Rudgayzer; Patrick Dowd; Matthew Aldana; Kabaye Liku; Matthew Bettinger; Nathaniel Lifschitz


Key clients

RXR


GFP Real Estate


The Cadillac Fairview Corporation Limited


Crow Holdings Capital


Daija Insurance Group


Work highlights


  • Advising RXR on several matters including (i) its joint venture and lease for the $4.2 billion development of a new world-class international terminal at the John F. Kennedy Airport, and (ii) its joint venture with TF Cornerstone for the $5 billion redevelopment of the Grand Hyatt New York.
  • Representing China-based Dajia Insurance Group in its $1.8 billion financing for a portfolio of nine luxury hotels.
  • Representing Cadillac Fairview in its take-over of Lincoln Residential, the second-largest provider of multifamily management services in the US.

Hunton Andrews Kurth LLP

Hunton Andrews Kurth LLP has a widespread presence all over the US with real estate, development and finance chaired by Brett Gross, who is based in New York. The firm is mandated by a large number of prominent banks to assist with real estate finance transactions, and sustainability-related queries. It is especially noted for its skills in commercial real estate lending where it assists with structuring deals, drafting documents, negotiating, and closing loans. On the lender side, other than banks the team also represents life insurance companies, REITs, and savings and loan institutions. Purchase and sale of real estate debt assets including financing, and workouts is also key to the practice. Co-chair Gross is known for his expertise in secured financings and is the leading force in counselling clients on loan workouts and restructurings of distressed loans. In Dallas, Kathleen Wu advises a wide range of clients on real estate transactions, including joint ventures, loan servicing, and financings, while in New York, Peter Mignone and Matthew Halal both advise lenders and investors on secured financings.

Practice head(s):

Howard Schreiber; Laurie Grasso; Brett Gross


Other key lawyers:

Kathleen Wu; Peter Mignone; Matthew Halal


Testimonials

‘A great team; they are a pleasure to work with on a regular basis.’

The team does a great job of keeping our team informed of current trends, making introductions, and forwarding pertinent information & webinars.’

The whole team has an invaluable attention to detail, commitment to client outcomes, and ownership mindset.

Key clients

Beal Bank


Chatham Lodging Trust


Industrial Logistics Properties Trust


Tishman Speyer


Work highlights


  • Represented two institutional investors in the origination of a mortgage loan with the amount of $225 million secured by an interconnected two-building, ten-story Class A office property in New Jersey.
  • Represented a real estate investor in a $99 million mortgage bridge loan financing, secured by an eleven story multifamily residential building with apartments and retail space in Denver Colorado.
  • Represented a REIT in three separate fixed-rate CMBS mortgage loans totalling $43 million secured by three hotel properties in Texas and South Carolina.

Jones Day

Jones Day boasts a well-rounded real estate and financial markets practice, focusing on representing large banks as lenders as well as advising borrowers in both small and major financial transactions. Practice head David Paulson sits in San Francisco and represents commercial lenders in real estate transactions, as well as assisting with resolving and restructuring distressed loans. Co-head Richard Rosenblatt leads the team from Atlanta and is especially sought out for his expertise in bilateral and syndicated real estate finance transactions. Other key practitioners include Chicago-based real estate specialists John Rafkin and David Woods, Michael Riess represents lenders in secured and unsecured lending in Washington DC, and Mark Biggar advises commercial lenders from Cleveland. Recently promoted partner Daniel French is the go-to for lenders requiring advice on single-asset and portfolio transactions related to healthcare, industrial, multifamily, office, or retail.

Practice head(s):

David Paulson; Richard Rosenblatt


Other key lawyers:

John Rafkin; David Woods; Michael Riess; Mark Biggar; Daniel French


Testimonials

Their ability to bring forward a comprehensive team for any matter is impressive. They have subject matter experts in all aspects of real estate law, who offer practical and efficient guidance to help us get a deal done.’

‘Richard Rosenblatt – Incredible financing lawyer who understands relative leverage positions as part of each deal to help us avoid unnecessary back and forth on negotiations.’

Key clients

Bank of America Corp.


Citizens Bank, N.A.


Fifth Third Bank


Mill Creek Residential Trust LLC


Stonemont Financial Group


U.S. Bank, National Association


Webster Bank, N.A.


Wells Fargo Bank, National Association


Work highlights


  • Represented Wells Fargo Bank, National Association, as administrative agent, in connection the refinancing of a $1.225 billion unsecured credit facility.
  • Represented RBC Real Estate Capital Corp., a subsidiary of the Royal Bank of Canada, in connection with a $750 million construction loan to lease and develop a ground-up mixed-use development.
  • Advised Wells Fargo Bank, National Association, on a $1.13 billion revolving credit facility provided to a publicly traded homebuilder.

Milbank

Real estate finance expert Erwin Dweck leads the New York-based real estate practice at Milbank. Dweck has a long history in commercial real estate and is sought out by financial institutions, private equity and hedge funds, and investment managers. His work includes real estate acquisitions, financings, preferred equity, joint ventures, and advising clients on distress in the office sector. High profile UCC foreclosures and distressed debt workouts are where the team excels, assisting with securitization trusts and tranches. The firm works across a number of sectors but stands out for its expertise in office spaces. Kevin O’Shea is the go-to for mezzanine loan foreclosures, while Yaakov Sheinfeld represents both lenders and borrowers from institutional capital sources in real estate investments, dispositions, and foreclosures. Jonathan Karl also focuses on bridge and mezzanine financing.

Practice head(s):

Erwin Dweck


Other key lawyers:

Kevin O’Shea; Yaakov Sheinfeld; Jonathan Karl


Key clients

Columbia Property Trust


Monarch Alternative Capital


Fortress


Cerberus


Apollo


PIMCO


Deutsche Bank


SL Green


Machine Investment Group


Onyx Equities


Prospect Ridge Advisors


Ares


MSD


Vanke


Strategic Value Partners


Work highlights


  • Advised a joint venture between subsidiaries of Monroe Capital LLC and The Witkoff Group LLC, as borrower, on the origination of a $430 million construction loan from JPMorgan Chase to finance a Miami luxury condominium and hotel development.

Dentons

Dentons uses its broad network and financial expertise to advise lenders on in-bound and cross-border real estate transactions, including CRE financings, construction loans, and acquisitions. The firm represents both national and international lenders such as major banks, life insurance companies, and debt funds. In Chicago, Steve Davidson is the go-to for construction related real estate financing, while over in New York Richard Stempler handles a wide range of transaction types from CMBS to balance sheet lending and Gary Goodman represents agent banks in syndicated loans. Sarah Armendariz assists lenders, borrowers, title companies, and tenants in real estate transactions from Kansas City.

Practice head(s):

Linda White


Other key lawyers:

Gary Goodman; Steve Davidson; Richard Stempler; James Barkin; Sarah Armendariz; Suneet Sidhu; Kelvin Hsu


Testimonials

‘The team my firm utilizes at Dentons brings a skill set that combines legal and business acumen for straight forward and complex deals.’

‘Steve Davidson is an amazingly sharp attorney with a strong business sense. His approach highlights the legal risks with business recommendations.’

Key clients

Landesbank Hessen-Thüringen Girozentrale (Helaba)


PNC Bank


KeyBank


Asia Capital Real Estate (ACRE)


Guggenheim Partners


Midland Loan Services, a division of PNC Bank, National Association


Gulf Islamic Investments (GII)


Landmark Properties, Inc.


Heitman Capital Management


Man Global Private Markets (USA)


Incline Equity Partners IV, L.P.


Glacier Global Partners


Work highlights


  • Advising KeyBank National Association on complex real estate finance transactions in excess of nearly $10 billion USD.
  • Represented Landmark Properties and its affiliates as its primary real estate counsel in connection with a wide variety of real estate matters throughout the US.
  • Represented Midland Loan Services in connection with the closing of several loan assumption, transfer of interest and other deals over the past twelve months with the aggregate deal value for all deals in that timeframe in excess of $1 billion.

Eversheds Sutherland

Eversheds Sutherland‘s real estate practice is specialized in debt and equity real estate transactions, assisting both borrowers and lenders with all stages of the investment process. The practice is especially skilled at handling securitizations, including SASB and SFR securitizations. Financial institutions, institutional investors, national and international real estate investors, as  well as syndicators and commercial loan servicers all seek out the team for aid in their complex real estate transactions. The practice is jointly led by real estate experts John Benson and Lisa Rosen from New York and Washington DC, respectively. Benson excels in securitization commercial real estate loans, while Rosen is an all-round expert in real estate finance and structured finance, playing a leading role with securitization and capital market clients. New York-based John Busillo handles workouts and disposition of distressed real estate, while Atlanta-based William Rothschild is well-versed in both domestic and international real estate transactions. Thomas Dugan is a name to note for his expertise in securitizations and other complex real estate finance transactions from Washington DC. James Murphy resides in New York and advises on a range of real estate finance issues.

Practice head(s):

John Benson; Lisa Rosen


Other key lawyers:

John Busillo; William Rothschild; Virginia Worthy; Kevin Thomas; Thomas Dugan; James Murphy; Tessa May Deardorff; Warren Smith; James Murphy


McDermott Will & Emery LLP

McDermott Will & Emery LLP has a sizeable nationwide team, with practice heads David Herman, Mal Serure, and David Wolff located across New York, Los Angeles, and Chicago respectively. The practice is active in financings, restructurings, workouts, joint ventures, construction projects and loans. The firm has diverse clientele ranging from buyers, sellers, borrowers, lenders to landlords and tenants. Wolff has advised a number of private equity sponsors, develops, capital providers, and REITs with commercial real estate transactions. Joining the firm from Weil, Gotshal & Manges LLP, Herman is the go-to for real estate-related companies seeking assistance with M&A, acquisitions and dispositions, joint ventures, and other transactions.  Representing a range of real estate companies, REITs, and banks, Serure advises both lenders and borrowers on mortgage and mezzanine loan financing. Real estate finance specialists Jeffrey Steiner, Scott Weinberg, and David Broderick are key names to note and are all based in New York.

Practice head(s):

David Herman; Mal Serure; David Wolff


Other key lawyers:

Keith Pattiz; Jeffrey Steiner; Scott Weinberg; David Broderick; Elias Eliopoulos; Justin Bender


Work highlights


  • Advised long-standing client RFR Holding on an extension and modification of an aggregate $1 billion in mortgage and mezzanine debt secured by the landmark office tower at 375 Park Avenue, New York.
  • Advising Ladder Capital Corp and affiliates on negotiation, documentation and amendment of facilities and specific transactions thereunder in compliance with regulatory requirements to transition facilities aggregating over $1.5 billion.
  • Represented affiliates of Apollo Global Real Estate Management, LP in connection with a construction mortgage loan and mezzanine loan in the aggregate amount of approximately $336 million.

Paul Hastings LLP

The real estate finance practice at Paul Hastings LLP is headed up in New York by financing expert Rick Allendorf who is noted for his focus on debt finance. He is known for acting on behalf of lenders on origination loans for securitization against commercial real estate projects. The team has experience in a wide range of real estate finance matters from securitizations, origination of loans, mortgage and mezzanine loans, to workouts and other distress-related real estate financing. The firm excels in assisting and advising on projects such as mortgage financing of residential New York properties. Key team members include Lisa Chaney who excels in advising banks as administrative agents and buyers in commercial real estate financings, John Cahill advises on both domestic and cross-border transactions, and Eric Schwitzer assists clients with commercial loans and restructurings. Michael Berman is the key contact for private equity houses. Financing specialist Pablo Clarke recently joined the firm from Latham & Watkins LLP. All aforementioned lawyers are based in New York.

Practice head(s):

Rick Allendorf


Other key lawyers:

Lisa Chaney; John Cahill; Eric Schwitzer; Michael Berman; Pablo Clarke


Testimonials

‘The real estate finance practice has deep expertise representing different kinds of lenders across the entire capital stack so they should be a go to firm for any lender in the market. The partners in the group are experts and have been involved in very high profile matters so they can take on any transaction no matter the complexity. The partners are excellent mentors to the associates and foster an environment of development amongst the associates.

What has always struck me is the availability and creativity of the partners – you know that when you work with them they will be attentive to your needs and will help deliver solutions to any problem so that you can get your transactions closed timely and with great satisfaction to all parties involved. The people that really stand out to me are Rick Allendorf and Michael Berman.’

‘John Cahill is an outstanding legal mind who also has a very strong grasp on what matters from a business perspective. He is able to advance concepts that are important to us as a client and helps us achieve superior outcomes in our loan financing structures.’

Key clients

Oaktree Capital Management


Brookfield


Angelo Gordon


KKR


CIM


Barclays


Morgan Stanley


Goldman Sachs


Nuveen


Apollo


Sumitomo Banking


Capital One


Rialto Capital


Starwood Capital


Barings


Related Fund Management


Mizuho Americas


PIMCO


California Bank & Trust


Granite Point


Galaxy Realty Capital


Aetos Capital


ARCH Capital Management


Ballard Spahr LLP

The real estate finance group at Ballard Spahr LLP assists with real estate transactions including mezzanine, construction, and mortgage loans all over the US. Distressed real estate and loan restructurings and enforcement are another key pillar of the practice as well as its private credit and equity real estate practice. Dominic De SimoneSiobhan O’Donnell, and Thomas Hauser all co-lead the group from Philadelphia, Los Angeles, and Baltimore respectively. Finance expert De Simone handles transaction structuring and restructuring as well as distressed real estate matters. He is also well-versed in balance-sheet and CMBS loan originations and construction loans. O’Donnell is a commercial real estate finance expert and often represents investment banks and commercial banks, Hauser handles complex real estate transactions, while in Philadelphia, Tina Makoulian is experienced in office, retail, and industrial leasing issues.

Practice head(s):

Dominic De Simone; Amy McClain; Siobhan O’Donnell; Thomas Hauser


Other key lawyers:

Dominic De Simone; Amy McClain; Siobhan O’Donnell; Thomas Hauser; Rania Galan; Alicia Clark


Testimonials

‘The team’s ability to blend legal expertise with business acumen is second to none.’

Key clients

Colliers Mortgage LLC


Combined Properties, Inc.


CGA Mortgage Capital


BridgeInvest


Southern Land Company


Cox, Castle & Nicholson

Cox, Castle & Nicholson represents a variety of lenders from regional banks to insurance companies as well as developers and institutional investors. The Los Angeles-based practice focuses on the finance side of real estate transactions, with its capital markets team handling loan originations including construction and bridge loan transactions for a wide range of real estate asset types. Co-heads Adam Weissburg and Caroline Dreyfus are financing experts who are well-versed in representing both lenders and borrowers in real estate transactions. Katherine Bissett is key to financing transactions involving bridge and construction financing, mezzanine loans, and acquisitions.

Practice head(s):

Adam Weissburg; Caroline Dreyfus


Other key lawyers:

Katherine Bissett


Testimonials

‘This is a very collaborative team of people who work together and support each other. Most of their clients are lenders and they have a good understanding of the issues that concern a lender.’

Key clients

Builder Advisor Group


Kennedy Wilson


Work highlights


  • Acted as counsel for an affiliate of Builder Advisor Group in a $362 million syndicated loan to borrower acquiring in excess of 5,000 lots from CalPERS.
  • Representing Pacific Western Bank (“PWB”) as co-counsel in sale by PWB of a $5.7 billion construction loan portfolio to a consortium headed by Kennedy Wilson.

Greenberg Traurig LLP

Lenders, borrowers, and guarantors seek out the real estate finance team at Greenberg Traurig, LLP for assistance with construction related financing issues such as construction loans for multifamily projects and commercial units. The team is co-led by Michael Moser and Cory Tessler in New York - Moser specializes in advising lenders on a variety of issues such as bridge loans, mezzanine loans, and construction financing, while ommercial real estate expert Tessler actively advises on construction lending and assists lenders with mortgage conduit and securitization programs. Michael Davis leads the Los Angeles real estate practice and represents a number of real estate funds and REITs, while Kimberly LeCompte sits in Miami and represents owners and developers of multifamily, office, commercial, and mixed-use buildings. Also noted is Dallas-based Tina Ross who handles a number of construction financings for senior lenders and Farah Ahmed over in New York.

Practice head(s):

Michael Moser; Cory Tessler


Other key lawyers:

Michael Davis; Tina Ross; Kimberly LeCompte; Gary Saul; Nancy Lash; Farah Ahmed


Holland & Knight LLP

Holland & Knight LLP‘s real estate finance and real estate capital markets practice has numerous locations all over America with practice heads and finance experts Joe Guay and Vivian de las Cuevas-Diaz situated in New York and Miami, respectively. The team is active over a number of transaction types, typically representing national and foreign banks, insurance companies, pension funds, and debt funds. CRE capital market transactions falls within the scope of the practice alongside workouts and lender and borrower representation. In Century City, David Packer is a key name for secured debt workouts, acquisition and disposition, and real estate financings, while in Charlotte David Iacuzio manages CMBS and CLO programs. John Decker focuses on commercial real estate from Atlanta. New York-based litigator Vivian Arias and Dallas-based real estate expert Matthew Swerdlow is also noted.

Practice head(s):

Joe Guay; Vivian de las Cuevas-Diaz


Other key lawyers:

David Packer; David Iacuzio; John Decker; Vivian Arias; Matthew Swerdlow


Testimonials

‘Very knowledgeable partners and associates – especially on exercising lender remedies.’

‘Every attorney with whom I work is very responsive and provides sound advice in an easy to comprehend manner. In particular, Vivian Arias is someone that I count on to advise us on legal avenues to pursue on our distressed assets in the NY and NJ area.’

‘Their superior service doesn’t stop when the transaction closes. They’re unmatched at ensuring that all records are updated and shared or formalized appropriately and fantastic when it comes to assistance with post closing matters (warehouse lenders, loan assignment, servicing, etc.). The team demonstrates a keen awareness of and tailors their practices to the unique client needs.’

‘The lead partners are very accessible and hands on. Mentorship and support of junior attorneys is very evident. Across all levels, fantastic people with whom to work. ’

‘I have utilized Holland & Knight for approximately 14 years. They have always exhibited a deep knowledge base with regard to commercial real estate lending. My client base feels as though they get a fair hearing when it comes to questions, comments to loan docs and negotiations. Overall, I am highly confident that I am well represented by the firm in transactions.’

‘I primarily work with Matthew Swerdlow who is very accomplished. He has represented me on some highly complex transactions and have shown not only professionalism, but also expertise.’

Key clients

Midland Loan Services


PNC Bank


Habitat Mortgage Solutions


HHHunt Inc.


Syngenta Crop Protection, LLC


Work highlights


  • Represented PNC/Midland as lead counsel in the transition to Citibank of numerous roles, in connection with a portfolio of twenty-three loans totaling $22 billion secured by seventeen alternative energy projects located throughout the US.
  • Representing PNC Bank as collateral agent for the U.S. Department of Energy in a $740 million defaulted solar energy project in Tonopah, Nevada, against Tonopah Solar Energy, LLC, and a number of other companies.
  • Representing Habitat Mortgage Solutions in its role as a provider of financial services and capital to local affiliates across North America.

Seyfarth Shaw LLP

Seyfarth Shaw LLP‘s real estate finance practice spans the US, assisting lenders with the full gamut of transactions including construction financings, portfolio loans, capital market loans, and mezzanine loans. The team is also well-equipped to handle distressed real estate matters such as workouts, foreclosures, and bankruptcy. Recently the practice has expanded its reach and has started assisting with issues in California as well as focusing on infrastructure investment, construction, data centers, and healthcare. Daniel Evans and Jay Wardlaw jointly lead the team from New York and Atlanta. Evans centers his practice on structuring and closing mortgage and mezzanine loan transactions, while Wardlaw specializes in cross-country permanent mortgage, bridge, and construction loans. As a part of the health care real estate and finance team, San Francisco-based Robin Freeman is key to lending transactions in the healthcare space as well as concentrating on West Coast transactions. For distressed real estate issues Arren Goldman in Charlotte is the go-to. Also in Charlotte Katie Schwarting and Dallas-based Amy Simpson have expanded the team’s real estate finance expertise, both joining from Bryan Cave Leighton Paisner in 2023.

Practice head(s):

Daniel Evans; Jay Wardlaw


Other key lawyers:

Robin Freeman; Arren Goldman; Paul Mattingly; Katie Schwarting; Amy Simpson; Robert Edgerton; Tobi Pinsky; Terry Carroll; Elizabeth Dahill


Testimonials

‘The team is great at technology, large scale projects and collaboration.’

‘Seyfarth will work with the team to maximize efficiencies and streamline processes.’

‘Talented team of professionals. They understand the law as well as business implications on various matters. They understand what is important to us as a client. They are easy to work with. High degree of trust in their legal judgement. Good communication.’

Key clients

Slate Property Group


Workspace Property Trust


LBA Realty


BentallGreenOak (U.S.) Limited Partnership


Hammes Partners


New York Life Insurance Company


John Hancock Life Insurance Company


Invesco Real Estate


Work highlights


  • Represented LBA Realty in multiple transactions over the past year aggregating over $3.15 billion.
  • Represented client in a $100 million syndicated loan led by Hangang Asset Management Ltd. For Stadium Innovation Center (“SIC”).
  • Represented Workspace Property Trust in a Multistate Acquisition of 65 Office Properties Valued at $1.5B. View our publishable case study here.

Willkie Farr & Gallagher LLP

The New York-based real estate finance practice at Willkie Farr & Gallagher LLP is a strong firm for lenders requiring assistance with acquisitions, loan originations, and joint venture financing. Krystyna Blakeslee leads the practice and is an expert in commercial real estate finance and investment. She is key to the practice’s commercial real estate transactions, representing real estate companies, funds, institutional lenders, and banks, and is also well-versed in a wide range of asset classes from data centers and retail to hospitality and construction. Co-heads David Drewes and Thomas Henry are real estate specialists focusing on transactions, acquisitions and dispositions. All aforementioned lawyers are based in New York. Misty Sanford leads the recently established Los Angeles real estate team for the firm.

Practice head(s):

Thomas Henry; David Drewes; Krystyna Blakeslee; Misty Sanford


Other key lawyers:

Daniel Backer; Noah Bilenker; Carly Glover Saviano; Melissa Fischetti; Christine Murphy; Allie Strauss


Key clients

Access Industries Inc.


Adept Development


AGC Equity Partners


Aspen Skiing Company


Breakthrough Properties


The Broad Museum


Brookfield


Cain International


Capital Senior Living Corporation


Caruso Affiliated Holding


Centerbridge Partners


Choice Hotels International


CIM Group & CIM Real Estate Credit


Commerz Real Fund


DigitalBridge Group, Inc. (fka Colony Capital)


Column Financial, Inc. (Credit Suisse)


The Davis Companies


DiamondRock Hospitality, Inc.


Faropoint


GI Partners


Goldman Sachs


Harbor Group International (HGI)


Harel Insurance Investments and Financial Services Ltd.


HIG Realty Partners


Hines Interests Limited Partnership


Hudson’s Bay Company


IO Data Centers LLC


Jiaming Investment (Group) Co., Ltd.


JP Morgan


KKR


Lyric Opera of Chicago


Mack Real Estate Credit Strategies


Meadow Partners


Mesa West


Metropolitan Life Insurance Company


MSD Capital


Natixis


Oaktree Capital Management


Paramount Group, Inc.


Reverance Capital Partners


SL Green Realty


St. John’s University


Sumitomo Mitsui Banking Corporation Group (SMBC)


Tishman Speyer


Trammell Crow Company


Van Barton Group


Washington Prime Group, Inc.


The Witkoff Group


Work highlights


  • Assisting SL Green with its acquisition of 245 Park Avenue through a bankruptcy auction.
  • Advising Choice Hotels International on its acquisition of Radisson Hotel Group Americas for approximately $675 million.
  • Assisting DiamondRock Hospitality Company with the refinancing of its existing $750 million unsecured credit facility, increasing the total credit facility to $1.2 billion.

Bryan Cave Leighton Paisner

The real estate finance practice at Bryan Cave Leighton Paisner is led by Vanessa Sunshine who is located in California and is well-versed in acquisitions, disposition, and financing of all typical real estate asset classes. She also has expertise on niche sectors such as senior living facilities and golf courses. The firm as a whole largely handles debt related matters such as mortgage loans, construction loans, and CMBS loans. In New York William Campbell focuses on commercial real estate transactions, while Eugene Balshem leads on lending transactions. Real estate finance specialists Varuna Bhattacharyya who is based in New York, and Justin Steinmark and Margot Wainger who are both based in Miami are all key to the practice. James Kousoulas left the firm in May 2023.

Practice head(s):

Vanessa Sunshine


Other key lawyers:

William Campbell; Eugene Balshem; Varuna Bhattacharyya; Justin Steinmark; Margot Wainger; Chase Sandler


Key clients

Bank of West


Benefit Street Partners Realty Trust


Brookfield Asset Management


East West Bank


Harbor Group International


Flagstar Bank


Mesa West Capital


Ladder Capital


LMF Commercial


RCG Longview Management


Rialto Capital Management


Sculptor Real Estate


Voya Investment Management


Work highlights


  • Representing Mesa West Capital in connection with financings secured by real estate located throughout the United States across multiple asset classes including hospitality, retail and residential.

Dickinson Wright PLLC

Midwest firm Dickinson Wright PLLC is praised for its ‘seamless blend between the different aspects of real estate transactions‘, representing clients in a number of matters over the US, and is especially noted for its work with Fannie Mae and Freddie Mac’s multifamily and mortgage loans. In Troy, Katheryne Zelenock and Michael Lusardi jointly lead the practice, with Zelenock focusing on commercial and multifamily mortgage loans for lenders. Key team member Leslee Lewis advises on construction loans and has expertise in clean energy related projects from Grand Rapids.

Practice head(s):

Katheryne Zelenock; Michael Lusardi


Other key lawyers:

Leslee Lewis; Dawn Faxon Singer; Jeremy Schirra; James Cunningham; Shannon Nichols


Testimonials

‘The seamless blend between the different aspects of real estate transactions is an incredible value that Dickinson Wright brings to the table. It is uncanny how it is able to bring the right expert attorney to the table at the right time to many times head-off and other times respond effectively on behalf of their clients to each twist and turn along the way. People are the firm’s strength!’

‘Leslee Lewis heads up all aspects of the real estate side for us. Leslee is engaged, committed, and well-respected both within my organization as well as amongst those whom sit across the table in our real estate transactions. She has not only broad knowledge of real estate but also the nuances of real estate finance. Leslee has many redeeming qualities; however, her integrity ranks above all others.’

Key clients

Greystone Servicing Company/Arbor Agency Lending/Pinnacle Bank


Pathward, National Association


Marker Development LLC


Huntington National Bank


Work highlights


  • Represented Pathward, National Association, as administrative agent, collateral agent and as a lender in a complex construction loan of approximately $100 million.
  • Representing Marker Development’s subsidiary in an opportunity zone funded ground-up development with approximately $22 million of equity and $60 million of construction debt structured as a statutory ground/capital leaseback with a local finance authority under Ohio law.
  • Represented Huntington National Bank as lender in a construction loan for the building of a 288-unit multi-family project.

Husch Blackwell LLP

Husch Blackwell LLP has a well-rounded real estate finance practice that specializes in advising borrowers and lenders throughout the Midwest, West and Mid-South of the US. The practice covers a wide range of asset types from multifamily, retail, and office to hospitality, mixed-use, and industrial developments. Denver-based Daniel Bray is noted for his ‘creative thinking‘ and real estate transaction expertise, while Milwaukee-based Cynthia Fletcher has represented a number of clients as borrowers and lenders in commercial financing transactions. In Madison, Paul Dombrowski has great experience representing lenders in construction-related matters.

Other key lawyers:

Daniel Bray; Cynthia Fletcher; Paul Dombrowski; Stephen Agee


Testimonials

‘The Husch Blackwell team is always available to take a call and moves quickly to address any issues. They put forth suggestions and do a great job of explaining complex concepts and providing pro’s and con’s of different strategies.’

‘Daniel Bray is my first call if I have a general legal question. We have also worked together on some complex workout scenarios which have highlighted his creative thinking to minimize risk.’

‘Husch has a great team of attorneys. We have a great point person who is knowledgeable in most aspects of our business, very personal with our counterparts, and knows how to move a deal along efficiently and effectively. He has a group of experts within his practice that can handle more specific items. The team works great together and the collaborative approach has added value to our firm.’

‘The Husch real estate financing practice is knowledgeable, understands the issues, and provides a good balance between protecting the client, and what issues are important to focus on.’

‘Cynthia Fletcher has great experience in real estate financing, she understand the issues, provides insight from her body of work that would be applicable to our deals, and expeditiously moves the process forward.’

‘High level of expertise in the biofuels, renewable energy and public finance markets.’

Key clients

PNC Bank, National Association


Simmons Bank


Texas Capital Bank


Veritex Community Bank


Park Cities Asset Management


Stellar Bank


Cadence Bank


PlainsCapital Bank


Truist Bank


Lakeside Bank


BMO Bank N.A.


HKS Holdings


Town Bank, N.A. (Wintrust Financial Corporation)


CIBC Bank USA


Associated Bank, National Association


Northwest Bank & Trust


U.S. Bank National Association


National Storage Affiliates


ElmTree Funds


Enterprise Bank & Trust


StorageMart


McGuireWoods LLP

Real estate specialist McGuireWoods LLP represents lenders in various financings, such as multifamily mortgage loans, bridge financing, and acquisitions. Dennis Mensi leads the practice from New York, focusing on advising lenders on originations and servicing of commercial mortgage loans. He is key to originating multifamily loans intended for sale to Fannie Mac and Freddie Mac. In Richmond Craig Harmon is the go-to for mortgage lending, while Los Angeles-based Alice Youngbar assists with financing multifamily properties. Bill Seligman is also based in Los Angeles and is well-versed in representing mezzanine lenders and institutional investors in financing transactions. Lease financing and financing of hotels and healthcare are handled by Nancy Little from Richmond.

Practice head(s):

Dennis Mensi


Other key lawyers:

Craig Harmon; Alice Youngbar; Bill Seligman; Nancy Little


Testimonials

‘The team is incredibly client centric – they are responsive, knowledgeable and reasonable.’

‘They are always responsive. When negotiating with counterparties they always stay level-headed and calm while clearly relaying and defending our position. They are a pleasure to work with.’

O'Melveny & Myers LLP

O'Melveny & Myers LLP has recently grown its real estate finance practice with the addition of Malcolm Montgomery to the New York team, joining in July 2023 from Shearman & Sterling LLP. Montgomery ‘s return to the firm has opened up its New York practice, largely advising lenders such as banks and REITs with real estate investment and transactions. The firm handles both financings such as multi-property secured loans, mezzanine financings, and construction financings as  well as workouts and restructurings of real estate assets. Practice head Michael Hamilton is located in Los Angeles and advises on corporate restructuring transactions and borrower-side representation.

Practice head(s):

Michael Hamilton


Other key lawyers:

Malcolm Montgomery


Testimonials

‘The group got stronger in NY with the addition of Malcolm Montgomery. ’

‘Malcolm is a top-notch real estate finance attorney. He is super-smart, experienced, commercial, ultra responsive and a pleasure to work with. He presents the complete package.’

Key clients

The Macerich Company


JFK Millennium Partners LLC


Citibank, N.A.


Brookfield Asset Management


Itau BBA, S.A.


Natixis, New York Branch


Metropolitan Life Insurance Company


Banco Nacional de México, S.A.


Shorenstein Properties


Deutsche Bank AG


Peakstone Realty


Work highlights


  • Represented The Macerich Company in a $370 million financing of Green Acres Mall and Green Acres Commons in Valley Stream, New York.
  • Represented a consortium consisting of Vantage Airport Group, JetBlue, American Triple I, and RXR Realty in an agreement to build, finance, and operate a new $4.2 billion passenger terminal at New York’s John F. Kennedy International Airport.
  • Represented Peakstone Realty in their joint venture disposition of approximately 50 assets across the country, including properties in NY.

Proskauer Rose LLP

Proskauer Rose LLP has a national real estate practice with locations in New York, Chicago and Los Angeles and is particularly known for its prowess in hospitality, leisure, and gaming sectors. New York-based Jeffrey Horwitz is an expert in the aforementioned sectors and has a wealth of experience advising on transformative transactions. The team has a well-rounded practice assisting with retail lease transactions, mergers and acquisitions, and joint venture financings. Steven Lichtenfeld is the go-to for private equity and hedge fund clients, while David Weinberger handles complex mortgage and mezzanine loans and are both based in New York.

Practice head(s):

Jeffrey Horwitz; Steven Lichtenfeld; David Weinberger


Other key lawyers:

Robert Shmalo


Testimonials

‘The real estate finance team at Proskauer Rose is extremely knowledgeable about current market and industry trends and has the resources to close transactions quickly while looking out for their clients’ best interests.’

‘Jeffrey Horwitz leads a great team and David Weinberger is always willing to go above and beyond to help us navigate financing transactions. They are both extremely responsive and their pragmatic approach issues helps keep transactions moving forward.’

Key clients

Accor


AEW Capital Management


Alexandria Real Estate Equities, Inc.


Ares Management Corporation


AustralianSuper


Blackstone


Danaher


D.E. Shaw & Co


Extell Limited


FalconEye Ventures


Fortress


Gehr Hospitality


Hines Investments


JLC Infrastructure


Lendlease Development


MG3 Developer Group


Mindspace


Mohari Hospitality


Morgan Stanley


Mr. Chow


Paramount Leasehold


Prelude Capital


The Related Companies


Rubicon


Société Générale


Vornado Realty Trust


Weinberg Properties


Schulte Roth & Zabel LLP

New York-based firm Schulte Roth & Zabel LLP focuses on real estate finance matters in New York, but also handles deals involving other major cities such as Los Angeles and Miami. The practice advises both lenders and borrowers, and also represents New York landlords and retail tenants in negotiations. Practice head Julian Wise has a wide breadth of experience from multi-tranche mezzanine financings and intercreditor agreements to advising on acquisitions, dispositions, and financings of different asset classes. Seth Henslovitz is key to the team, representing lenders and borrowers in commercial mortgage and mezzanine financings. Ari Aranda is also noted.

Practice head(s):

Julian Wise


Other key lawyers:

Seth Henslovitz; Ari Aranda


Key clients

Blackstone Mortgage Trust


The Carlyle Group


Cerberus Capital Management


Dalan Management


The Festival Companies


Fontainebleau Development


Fortress Investment Group


JK Hotel Group


Hawkins Way Capital


MackRealEstateGroup


Meritz Securities


Monday Properties


The Spectrum Group


Work highlights


  • Advised JK Hotel Group on its recent acquisition of the iconic Jane Hotel, which will be used to expand the private membership club San Vincente Bungalows.
  • Advised Mack Real Estate Credit Strategies on the refinancing of an office building located at 260-261 Madison Avenue in New York.