Transactions

Represented Lender in Connection with $20,100,000.00 Commercial Credit Facility

In December 2016, we represented a prominent regional bank in connection with a commercial credit facility in the amount of $20,100,000.00.   The facility was secured by a mortgage against a Manhattan investment property with multiple tenants.   This matter was handled by Guy Arad, Esq. and Alison Weisman, Esq.

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Represented Non U.S. Investor in Purchase of $16 million condominium apartment

In March 2017, we represented a foreign investor in connection with a $16 million acquisition of a new development condominium apartment at 432 Park Avenue.   This matter was handled by Pierre Debbas, Esq., Matthew G. Melnick, Esq. and Joselyn Martinez.  

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Represented NYC Developer in $39 Million Construction Loan For Chelsea Condominium Development

In November 2016, we represented a NYC real estate developer in connection with a $39,000,000.00 construction loan.  This loan will enable our client to complete a luxury condominium development in Chelsea for which the firm is also handling the offering plan and legal work associated with the project and unit closings.    This matter was […]

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Closed $24 Million Refinance of Hotel Property for Commercial Lender

In April 2015, Romer Debbas LLP represented a commercial lender client in connection with a $24 million refinance transaction secured by a midtown Manhattan hotel building. This transaction was handled by Guy Arad.

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Closed $27 Million Loan for Commercial Lender Secured by Multiple Property Portfolio in Connecticut

In November 2015, Romer Debbas LLP assisted a commercial lender client in connection with a $27 million loan secured by a multiple property portfolio of Connecticut properties.   This transaction involved more than a dozen properties and was closed in approximately 60 days.  This transaction was handled by Louis Sherman, Guy Arad and Timothy Byon.

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Represented Developer in $54 Million Acquisition of 519 W 29th St Building for Condo Project

In November 2015, Romer Debbas LLP assisted a developer client in acquiring an industrial building for $54,750,00.00 million as part of a plan to building a condominium project.   The firm will also be handling the creation of the condominium (offering plan etc.) as well as the sale and closings of the units.  This transaction was […]

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Represented Seller in $34 Million Condo Sale

In May 2015, Romer Debbas LLP represented a high profile seller in connection with the $34 Million sale of combined condominium units.  This transaction was successfully handled and closed by Jules Levy, Esq. and Matthew G. Melnick, Esq.

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Represented Singaporean Investor in $9 million Condop Acquisition

In March 2015, Romer Debbas LLP successfully closed a $9,000,000.00 purchase of a condop apartment for an investor from Singapore. This transaction spanned almost 2 years and involved the creation of both a New York Limited Liability Company and a corporation formed in the British Virgin Islands. The matter was handled by Michael J. Romer, […]

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Closed $135 million Sale for Not for Profit Client

In December, 2014, Romer Debbas, LLP successfully represented the seller, United Cerebral Palsy of New York City, in the sale of 122 East 23rd Street, New York, New York. This matter was handled by Sharon Zimmer, Esq., a partner of the firm.

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IRA Trusts & Life Insurance Trusts Created to Address Clients’ Unique Estate Planning Needs

Romer Debbas LLP recently assisted some clients with unique estate planning needs. As part of overall estate planning and in addition to basic will preparation, the firm was able to set up both a Life Insurance Trust and an IRA Trust for two separate clients with very specific needs. Both matters were handled by our […]

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