David Augustin at Duane Morris LLP specializes in real estate law, with a particular focus on financing, workouts, foreclosures, commercial leasing, acquisitions, and sales. He is recognized for his expertise in complex commercial projects and has represented clients in multi-state transactions and equity interest transfers.
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Accolades

Philadelphia Elite

Profile

Position

Partner

Career

David R. Augustin concentrates his practice in the area of real estate law, with particular emphasis on financing and workouts, foreclosures, commercial leasing, acquisitions and sales, retail projects, hotels, tax-deferred exchanges, real estate development and project finance.

Mr. Augustin has represented buyers and sellers of complex commercial projects, including portfolio and multi-state transactions and equity interest transfers. Additionally, he works with lenders in documenting real estate loans and has closed numerous multistate transactions. He has also assisted lenders in restructuring troubled real estate loans and taking back properties by foreclosure or deed in lieu of foreclosure. In addition, to representing lenders, he frequently works with borrowers in acquisition loans, leasehold financings, and construction loans. Mr. Augustin has worked on purchases and sales of hotels and resorts and on loans secured by hotels (both as lender's and borrower's counsel). He has represented landlords and tenants in office, retail and other commercial leases. He has worked on numerous ground leases for landlords, tenants and lenders. He has worked on the development and financing of wind farms and solar projects.

Admitted to practice in Pennsylvania and New Jersey, he is a member of the Real Property Section of the Philadelphia Bar Association.

Mr. Augustin is a frequent speaker at seminars on a variety of topics and has also written a number of articles. He is a 1988 summa cum laude graduate of Villanova University School of Law and a cum laude graduate of Princeton University (A.B. 1985).

Content supplied by Duane Morris LLP

Key clients

  • Starwood Property Trust, Inc.
  • Rialto Management Group

Work highlights

Represented the client as the mezzanine and senior lender in a defaulted loan situation where the property suffered storm damage. The team used a UCC sale to take indirect ownership of the asset as quickly as possible.