Representative Transactions

Loan Transactions

  • Borrower’s counsel for $40,000,000 senior and $4,000,000 mezzanine financing of California mobile home park.
  • Borrower’s counsel for $8,000,000 construction loan from Fox Chase Bank for multi-family project in Philadelphia, including Historic Tax Credit financing.
  • Borrower’s counsel for $13,500,000 permanent loan on BJ’s property in Philadelphia from RAIT Funding.
  • Borrower’s counsel for $15,350,000 permanent loan on multi-family project in Philadelphia from New York Community Bank.
  • Borrower’s counsel for $9,520,000 loan on mobile home park in New Jersey from Oritani Bank.
  • Borrower’s counsel for $9,400,000 construction loan from Bancorp Bank for multi-family residential project in Philadelphia, including Historic Tax Credit financing.
  • Borrower’s local counsel for assumption of $11,460,000 loan from Sovereign Bank for acquisition of apartment complex in Pennsylvania.
  • Borrower’s counsel for $6,100,000 refinancing loan from New York Community Bank for apartments in Chester, PA.
  • Borrower representation for $10,975,000 permanent financing from JPMorgan Chase Bank of shopping center in New Jersey.
  • 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.
  • Borrower representation for $23,000,000 permanent financing from Principal Life Insurance Company of shopping center in New Jersey.

Real Estate Sales and Acquisitions

  • 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.
  • Buyer's counsel for acquisition of business assets of commercial electrical contractor in Delaware.
  • 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.
  • 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.
  • Buyer's counsel for acquisition of $6,000,000 defaulted loan on multi-family residential property in Philadelphia.
  • 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.
  • 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.
  • Seller representation for sale of 260,000 sf manufacturing facility in Philadelphia for $10,000,000.
  • 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.
  • 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.

Retail and Commercial Leases

  • Landlord’s counsel for in-line and free-standing retail leases, including JPMorgan Chase Bank, Sleepy’s, AT&T, Cheddar’s, Qdoba, Pet Valu, Trader Joe’s, Target, Wal-Mart, Home Depot, Dollar General, Genuardi's, Lowe's, Harmon Cosmetics, McDonalds, Wawa, Staples, Wachovia Bank, Cingular, Commerce Bank, CVS, TJ Maxx, Radio Shack, Giant Foods, Metro Supermarkets, Hallmark, SuperValu Supermarkets, Hibbett Sporting Goods, Starbucks, Blockbuster, and The Limited.
  • Tenant’s counsel for eleven restaurant locations in Philadelphia.
  • Tenant’s counsel for commercial and retail leases, including shopping center and mall retail spaces, medical facilities, offices and warehouse space.

1031 Exchanges

  • Served as Exchange Accommodation Titleholder for IRC-1031 reverse exchanges, including structures that allowed development and construction costs to be separated from acquisition costs to prevent seller from being characterized as a developer.
  • Buyer's counsel for acquisition of multiple CVS stores as replacement properties for “net zero” transactions, including assumption of existing financing with loan pay-down and re-advance to meet IRC 1031 investment criteria.
  • Qualified Intermediary and IRC 1031 advisor for acquisition of $11,000,000 replacement property by six tenants-in-common.
  • Served as Qualified Intermediary for business property exchange with helicopters.
  • Structured IRC-1031 improvements exchange serving as QI for acquisition of leasehold interest to allow improvements to be constructed prior to replacement property acquisition.
  • 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 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.
  • 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.

Opinions of Counsel

  • Special counsel to borrower providing Delaware general law, Delaware authority to file and Nonconsolidation opinions to a lender represented by Seyfarth Shaw LLP for a $26,030,000 senior loan and a $4,000,000 mezzanine loan.
  • Special counsel to borrower providing Delaware State Law and New Jersey opinions to lender represented by Cassin & Cassin LLP for a $110,000,000 Freddie Mac line of credit.
  • Special counsel to borrower providing Delaware general law and Delaware authority to file opinions to lender represented by Alston & Bird LLP for a $25,600,000.00 loan.
  • Special counsel to borrower providing Nonconsolidation opinions to Rialto Mortgage Finance, LLC represented by Winstead PC for a $27,500,000 loan.
  • Local counsel to borrower providing Pennsylvania law opinion to lender represented by Frost Brown Todd LLC for a $22,100,000 loan.
  • Special counsel to borrower providing Delaware general law, Delaware authority to file, District of Columbia law and Nonconsolidation opinions to a lender represented by Cadwalader, Wickersham & Taft LLP for a $63,560,000 loan.
  • Special counsel to borrower providing Delaware general law opinion to lender represented by Moss & Barnett for a $6,000,000 Freddie Mac loan.
  • 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.
  • Local counsel to borrower providing Pennsylvania law opinion to Dechert LLP for a loan assumption in connection with the acquisition of a CVS.
  • Special counsel to borrower providing Delaware general law and Nonconsolidation opinions to lender in connection with a $57,000,000 Freddie Mac loan.
  • Special counsel to borrower providing Delaware state law, Delaware authority to file and Nonconsolidation opinions to a lender represented by Kelley Drye & Warren LLP for a $25,000,000 senior loan and to a lender represented by Winston & Strawn LLP for a $4,000,000 mezzanine loan.
  • Local counsel
    to borrower providing New Jersey law, Delaware general law and Delaware authority to file opinions to a lender represented by Cassin & Cassin LLP for a $20,000,000 loan.
  • Special counsel to borrower providing Delaware general law opinion for Borrower and Guarantors to a lender represented by Troutman Sanders LLP for a $34,000,000 loan.
  • Special counsel to borrower providing Delaware general law opinion to a lender represented by DLA Piper LLP for a $135,000,000 construction loan.


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