Representative Transactions:  2006 - 2013

  • Borrower’s counsel for $40,000,000 senior and $4,000,000 mezzanine financing of California mobile home park.
  • Buyer's counsel for $21,400,000 acquisition of tenant-in-common interest in multi-family project in Pennsylvania, including permanent loan from Berkadia Commercial Mortgage.
  • Buyer's counsel for $26,000,000 acquisition of office complex in Pennsylvania, including permanent loan from Beneficial Mutual Savings Bank.
  • Seller's counsel for $24,400,000 sale of shopping center in New Jersey.
  • Representation of Philadelphia Fraternal Order of Police for sale of headquarters building and acquisition of new headquarters building, including $6,400,000 construction financing from Firstrust Bank.
  • Borrower's counsel for $9,400,000 construction loan from Bancorp Bank for multi-family residential project in Philadelphia.
  • Special counsel to borrower providing Delaware general law opinion for extension of $6,800,000 loan.
  • Buyer's counsel for acquisition of $6,300,000 commercial property in Philadelphia for conversion to multi-family use, including obtaining historical tax credits.
  • Borrower's counsel for $2,750,000 refinancing loan from American Equity Investment Life Insurance Company for Walgreens property in Minnesota.
  • Buyer's counsel for acquisition of Rite Aid property in Boston as replacement property for IRC 1031 exchange.
  • Seller's counsel for sale of Sunoco-branded service station in Philadelphia.
  • Buyer's counsel for acquisition of $6,000,000 defaulted loan on multi-family residential property in Philadelphia.
  • Borrower's counsel for $2,700,000 refinancing loan from Bank of New England for Rite Aid property in Boston.
  • Borrower's counsel for $9,520,000 loan on mobile home park in New Jersey from Oritani Bank.
  • Borrower's counsel for $7,100,000 refinancing loan on commercial mixed use building in Philadelphia from Republic First Bank.
  • Borrower's Pennsylvania counsel for $6,100,000 refinancing loan from New York Community Bank for apartments in Chester, PA.
  • Special counsel to borrower for Texas investment property acquisition, providing Delaware general law and Delaware authority to file opinions to Morgan Stanley Mortgage Capital for $16,150,000 acquisition loan.
  • Special counsel to borrower providing Delaware general law opinion for assumption of $5,000,000 loan from Berkshire Life Insurance Company.
  • Borrower's counsel for aggregate of $3,300,000 refinancing loans from Fox Chase Bank for multiple Pennsylvania properties.
  • Seller's counsel for sale of three CVS stores in Texas and Minnesota to buyer needing to transact 1031 Exchange in order to avoid recognition of gain from lender's foreclosure of property leased to Circuit City.
  • Buyer's counsel for acquisition of business assets of commerical electrical contractor in Delaware.
  • Buyer's counsel for acquisition through Article 9 sale of business assets of commerical printing company in Connecticut.
  • Seller's counsel for sale of $28,627,000 supermarket property in Worcester, MA, including assumption of existing $25,059,000 loan from Manufacturers and Traders Trust Company.
  • Served as Exchange Accommodation Titleholder in structuring an IRC-1031 reverse exchange. Structure allowed development and construction costs to be separated from acquisition costs to prevent seller from being characterized as a developer. $16,500,000 construction financing provided by Wilmington Trust, FSB.
  • Buyer's counsel for acquisition of $5,600,000 Walgreen's property in Delaware as replacement property for IRC 1031 exchange.
  • Buyer's counsel for acquisition of $18,500,000 apartment complex in Cleveland, Ohio with mortgage financing from John Hancock and preferred equity financing from One Cleveland Financial Group. Property is being offered to tenant-in-common buyers.
  • Buyer's counsel for acquisition of $1,700,000 apartment building in Philadelphia with acquisition financing provided by Washington Mutual. Structured as acquisition of partnership interests in order to reduce transfer taxes by more than 50%.
  • Represented TD Banknorth as Pennsylvania counsel for $3,640,000 of re-financing loan on Pittsburgh office building.
  • Borrower's local counsel for refinancing of $4,500,000, $1,500,000, and $1,800,000 loans from The Dime Savings Bank of Williamsburgh for separate apartment properties in New Jersey.
  • Buyer's counsel for acquisition of CVS store located in Indiana as replacement property for 1031 Exchange, including assumption of existing financing of $5,470,000 from Wells Fargo Bank, and loan pay-down and re-advance to meet IRC 1031 investment criteria.
  • Borrower's local counsel for assumption of $11,460,000 loan from Sovereign Bank for acquisition of apartment complex in Pennsylvania.
  • Borrower's counsel to New Jersey company for $2,500,000 in receivables financing (factoring) from Textron Financial Corp.
  • Seller's counsel for sale of two CVS stores located in Houston, Texas, including tiered-structure with sale of entity interests to allow for assumption of existing financing from Wells Fargo Bank.
  • Buyer representation for acquisition of $34,000,000 property in Stamford, CT for residential development, including $67,000,000 acquisition/construction financing from Citizens Bank.
  • Qualified Intermediary for acquisition of $8,000,000 replacement property by three tenants-in-common. Structured IRC-1031 reverse exchange to allow for development costs to be converted into acquisition costs to prevent buyers from being characterized as developers. $8,400,000 acquisition and soft cost financing provided by Yardville Bank.
  • Borrower representation for $92,400,000 permanent financing from JPMorgan Chase Bank of outlet mall in Lancaster, PA, including defeasance of existing permanent loan from Bear Stearns.
  • Special counsel for borrower representation in $21,000,000 permanent financing from Bear Sterns and for $31,000,000 financing from Deutsche Bank Mortgage Capital.
  • Buyer’s counsel for acquisition of $1,100,000 office/retail building in Philadelphia with financing from Susquehanna Bank.
  • Borrower representation for $23,000,000 permanent financing from Principal Life Insurance Company of shopping center in New Jersey.
  • Seller’s counsel for sale of $600,000 commercial property in Philadelphia through sale of partnership interests to minimize transfer tax.
  • Buyer representation for acquisition of 9,000 acres in Texas for wind-power project as replacement property for IRC 1031 exchange.
  • Buyer representation for acquisition of 300+ acres at light rail stop in New Jersey for development into residential, retail and office community, including $5,775,000 loan from Wells Fargo Bank, National Association for acquisition and initial development costs.
  • Served as local counsel for defeasance of loans to Wells Fargo and LaSalle Bank, including Delaware opinions.
  • Borrower’s counsel for $5,025,000 financing from JPMorgan Chase Bank on Comfort Inn property in West Virginia.
  • Buyer representation for acquisition of $1,800,000 restaurant property in Pennsylvania.
  • Served as Qualified Intermediary for business property exchange with helicopters and for reverse exchange involving multiple taxpayers acquiring as tenants-in-common.
  • Landlord’s counsel for leases with JPMorgan Chase Bank and Trader Joe’s, and Tenant’s counsel for three restaurants in Philadelphia.
  • Structured IRC-1031 improvements exchange serving as QI for acquisition of leasehold interest to allow improvements to be constructed prior to replacement property acquisition. $30,000,000 construction financing provided by Principal Life.
  • Borrower’s counsel for $2,000,000 financing from Republic First Bank of office building in Philadelphia.
  • Borrower’s counsel for $3,325,000 financing from Protective Life Insurance on retail property in New Jersey.
  • Seller representation for sale of 260,000 sf manufacturing facility in Philadelphia for $10,000,000.
  • Borrower’s counsel for $3,500,000 financing from 40/86 Mortgage Capital, Inc. on CVS-leased property in Florida.
  • Borrower representation for acquisition of $4,420,000 net-leased CVS property in Ft. Pierce, Florida as replacement property for IRC 1031 exchange.
  • Special counsel for borrower representation in $24,000,000 permanent financing from Morgan Stanley Mortgage Capital Inc. for financing of property in Connecticut.
  • Borrower representation for $1,700,000 permanent financing from UBS Warburg of multi-family property in West Virginia.
  • Buyer representation for acquisition of $1,400,000 Starbucks-leased property in Kansas as replacement property for IRC 1031 exchange.
  • Borrower’s counsel for $1,920,000 financing from Barclay’s Capital Real Estate of CVS property in West Virginia.
  • Borrower’s counsel for $2,850,000 financing from Barclay’s Capital Real Estate of Walgreens property in Texas.
  • Buyer’s counsel for acquisition of tenant-in-common interest in apartment complex in Pennsylvania as replacement property for IRC 1031 exchange with $7,600,000 financing from Keycorp Real Estate Capital Markets, Inc.
  • Buyer representation for acquisition of $4,730,000 net-leased Walgreens property in Corpus Christi, Texas as replacement property for IRC 1031 exchange.
  • Borrower representation for $10,975,000 permanent financing from JPMorgan Chase Bank of shopping center in New Jersey.