Cozen O’Connor: Real Estate Finance

Real Estate Finance

The attorneys of Cozen O’Connor’s Real Estate Finance Practice represent lenders (regional and national commercial banks, investment banks, mortgage REITs, insurance companies, specialty finance companies, and private equity and opportunity funds), and borrowers (owners, commercial and residential developers and operators, REITs, and other institutional owners, and investors) in complex financing transactions involving commercial, retail, residential, and industrial real estate. We have experience with the origination, acquisition, and disposition of whole loans and interests in loans; formation of joint ventures, general and limited partnerships, limited liability companies, business trusts, and other investment vehicles; and creation of credit facilities with complex terms, including multiple interest rate options, foreign currency exchanges, interest rate protection products, and other derivatives.

No matter how challenging or volatile the marketplace, the requisites for providing superior real estate counsel remain unchanged: technical knowledge, negotiating skill, and business savvy. Cozen O’Connor is regularly involved in some of the nation’s largest real estate transactions, so our technical understanding of the latest in deal structure, regulation, profitability, leverage, and liability protection is second to none. And because we conduct high-stakes negotiations on behalf of both lenders and borrowers, we have real insight into the competing needs and interests of all parties. We are often able to identify unforeseen points of leverage that can give our clients a decisive advantage.

Perhaps most importantly, our lawyers understand not only the law but also the business of real estate. Many of our attorneys have advanced training in mathematics, science, accounting, and finance, which enables us to grasp the financial concepts and formula behind every real estate deal. And we have the practical experience to understand how theoretical contract provisions are likely to play out in the real world. Beyond just servicing the deal, we make sure to service the broader corporate mission.

SERVICE AREAS

  • Arrange permanent and bridge financings
  • Handle sale leaseback financings
  • Advise on preferred equity investments
  • Set up mezzanine and A/B tiered structures
  • Arrange construction financings and build-to-suit structures
  • Lead capital market financings
  • Conduct syndication, participation, and co-lending transactions
  • Finance like-kind exchanges
  • Handle credit-enhanced transactions

Experience

Publications

Navigating Improved Rules for HVCRE Loans – What You Need to Know [Alert]

October 19, 2018

Zach Samton and William Davis discuss the enactment of the Economic Growth Act and how it impacts both borrowers and lenders.

Innovation gains ground even with contracts under microscope [New York Real Estate Journal]

February 14, 2012

Innovation gains ground even with contracts under microscope - New York Real Estate Journal - Even in the best of times, the use of outside contractors by government can be controversial, with public employee unions clamoring for more work to be brought in house. These, however, are not the best of times. The city, state and country all continue to suffer from the deep impacts of the Great Recession. Although New York City seems to have weathered the storm better than many metropolitan areas, budgets continue to be cut while infrastructure needs remain unmet.

In The News

Cozen O’Connor Attorney Paul S. Rutter Named the Urban Development Lawyer of the Year by Century City Bar Association

January 24, 2019

– Cozen O’Connor attorney Paul S. Rutter, a member of the real estate practice in the firm’s Santa Monica, Calif., office, has been named “Urban Development Lawyer of the Year” by the Century City Bar Association. The Association provides legal education, leadership opportunities, and a sense of community to more than 4,000 Century City attorneys. Paul is among six attorneys being recognized by the Association for distinguishing himself in his respective field of expertise.

Cozen O’Connor Serves as Lead Counsel in Acquisition and Financing of Ozone Park Manufacturing Facility

November 27, 2017

The national real estate practice at Cozen O’Connor represented Greenpoint Manufacturing and Design Center Local Development Corporation (GMDC) in the acquisition, development, and financing of an Ozone Park manufacturing facility in Queens, New York. The cost of the acquisition and development of the project is an estimated $40 million.

Cozen O’Connor Serves as Lead Counsel in Independence Realty Trust’s $300 Million Unsecured Credit Facility Financing

May 04, 2017

The national real estate practice of Cozen O'Connor represented Independence Realty Operating Partnership, LP and Independence Realty Trust, Inc. in the consummation of a new $300 million unsecured credit facility.

Howard Grossman Discusses Philadelphia's Rising Commercial Real Estate Taxes in Law360

March 04, 2016

Howard Grossman, senior counsel in Cozen O'Connor's Real Estate practice group, discusses the implications of higher property taxes in Philadelphia.

Contacts

William F. Davis

Vice Chair, Real Estate

wdavis@cozen.com

(212) 883-4947

People

Related Practice Areas