McDermott Will & Schulte advises global banks and financial institutions on all aspects of real estate transactions, with particular strength in refinancing and restructuring within the hospitality sector. Co-head Mal Serure, based in Los Angeles and New York, regularly represents real estate companies, REITs, and private equity funds on mezzanine financing, preferred equity, and workouts across asset classes. In New York, Elias Eliopoulos handles sales, acquisitions, financings, and joint ventures, while Chicago-based co-head David Wolff advises on both borrower- and lender-side transactions. Los Angeles-based Zena M. Ho focuses on loan structuring and workouts, and Chicago’s Justin Bender leads on complex acquisitions and joint ventures. Brian Donnelly departed the firm in January 2026.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

  • ‘McDermott Will & Emery’s Real Estate Finance practice, led in our matters by partners Mal Serure and Zena Ho, is distinguished by the same exceptional qualities that define their Real Estate practice—responsiveness, commercial judgment, and an unwavering commitment to understanding the client’s needs. Mal and Zena consistently deliver advice that is both technically sophisticated and practically aligned with the client’s objectives, ensuring that transactions progress efficiently and with clarity.'

  • 'What makes this practice particularly unique is that the same partners handle both the real estate and the finance aspects of a transaction seamlessly. McDermott’s ability to manage both areas through a single, integrated team is a significant competitive advantage. This structure dramatically improves efficiency, enhances consistency of advice, and reduces the burden on the client to coordinate multiple advisors.'
  • 'Mal Secure and Zena Ho’s capacity to anticipate issues across both property and financing dimensions enables them to provide holistic, solution-oriented guidance. Their communication is always clear and concise, and they engage with clients in a collaborative manner that ensures alignment on priorities. They reliably exceed expectations in terms of timeliness, quality, and strategic insight.'
  • 'Compared with other firms, McDermott’s Real Estate Finance team stands out for its combination of deep subject-matter expertise, cross-disciplinary capability, and exceptionally client-centric service. This integrated approach is highly valued and sets them apart in a market where such versatility is rare.’
  • ‘The individuals we work with at McDermott—particularly Mal Serure and Zena Ho—distinguish themselves through a combination of responsiveness, commercial insight, and an exceptional ability to understand the client’s objectives. Their guidance is consistently clear, pragmatic, and tailored to the specific needs of both the matter and the client, which sets them apart from many of their competitors. We value not only their technical expertise but also their judgment and collaborative working style. Their ability to exceed expectations, offer concise and commercially meaningful commentary, and maintain a client-first mindset makes them standout advisors among U.S. counsel in the real estate and finance space.'

Key clients

  • Arbor Realty Trust
  • S3 Capital (affiliate of Spruce Capital Partners)
  • BDO USA
  • Barclays
  • Ernst & Young
  • Angelo Gordon
  • Apollo Global Management
  • Apollo Insurance Solutions Group LP
  • BentallGreenOak (BGO) Strategic Capital Partners (“BGO-SCP”)
  • Brookfield Properties Group
  • Colony Credit Real Estate Inc. (now known as BrightSpire Capital, Inc.)
  • DK Fund, LP – Draper & Kramer, Incorporated

Work highlights

Advised Driftwood Capital on a transaction involving 18 hotels worth $1.2 billion being “rolled up” into a new investment fund structure.
Represented RFR Holding LLC in the $1.2 billion mortgage financing of 375 Park Avenue (the Seagram Building), New York, an approximately 860,000 square foot, landmarked office tower.
Acted for SL Green Realty Corp. in the modification of its existing $360 million mortgage loan encumbering the office building at 100 Park Avenue, New York, and additionally a new loan for $70 million.
Practice head

Mal Serure; David Wolff

Other key lawyers

Elias Eliopoulous; Justin Bender; Zena M. Ho