Practices

 

Real Estate.

Our professionals represent a broad range of clients in commercial and residential real estate matters, including acquisitions and sales, lending and financing, leasing, portfolio structuring, and co-op and condo board representation.

In today's turbulent market place and contracted financial environment, all real estate transactions require, more than ever, sound, practical and sophisticated legal advice. We pride ourselves on counseling our clients so that they can achieve their business objectives without exposing themselves to unnecessary or avoidable external risks and liabilities.

Our attorneys have experience representing clients of all sizes, including, international and national banks and lending companies, real estate funds and private equity companies, hedge funds, universities, developers, landlords, partnerships and individuals, in connection with the drafting and negotiation of various commercial and residential real estate agreements, such as:

  • Purchase and Sale Agreements
  • Credit facility loan agreements
  • Construction loan agreements
  • Mezzanine loan agreements
  • Mortgages/deeds of trust
  • Security documents and related ancillary loan documents
  • Leases and subleases
  • Joint Venture and Operating Agreements
  • Property Management Agreements

In addition to our traditional real estate practice, our attorneys have experience providing legal and consulting services to developers, lenders, investors and attorneys who seek to apply for and/or utilize the New Markets Tax Credit program. Such representation often consists of: the drafting of allocation applications, advising on the program's overall regulations, ensuring compliance and implementation, counseling concerning the community development entity certification process, and the structuring of transactions that incorporate New Markets Tax Credits.

The New Markets Tax Credit program gives investors a 'dollar for dollar' tax credit against their federal income taxes in exchange for making equity investments in specialized entities called Community Development Entities that fund businesses that operate in low-income communities. Throughout the history of the program, transactions have suffered from high transactional costs which result from an overall lack of familiarity with the New Markets Tax Credit program, the contours and incentives of which are not as intuitive as similar conventional non- New Markets Tax Credit transactions.

From our experience and familiarity with the New Markets Tax Credit program, we are able to efficiently and effectively navigate our clients through the complex program on a fixed fee basis, where appropriate. In so doing, our professionals are able to eliminate many of the transactional costs.