In May 2020, Romer Debbas LLP remotely guided a prominent private bank through a complicated refinance transaction involving two properties in Southampton, New York. This matter was handled 100% remotely during the COVID-19 crisis. This matter was handled start to finish by Scott Krinsky, Esq.
Remotely Guided Bank Thru $22.8 Million Residential Refinance Secured by Two Properties in Southampton, NY
- Closed $15.4 Million Refinance for Prominent Lender Secured By 432 Park Avenue Condo
- Represented Regional Lender in Connection with $23 Million Loan on Loan Transaction
- Closed $30 Million Underlying Building Mortgage for Private Bank on NYC Co-op Building
- Remotely Handled $8.5 Million Residential Purchase Financing to Close NYC Townhouse Acquisition
- During Lockdown, Residential Dept & Banking Dept Work Together to Close $2.7 Million Condo Purchase with Purchase CEMA
- Agency Lending Team Closed $32.5 Million in Financing on 11 Property Portolio in New Jersey
- During Lockdown, Remotely Handled $8.3 Million Loan Transaction for Private Bank to Close Townhouse Purchase
- Handled $31.5 Million Purchase Financing for Private Bank Secured by Southampton Property
- Represented Lender in $18 Million Refinance of North Salem Residential Propety
- Closed $38 Million Commercial Loan for Private Bank Secured by Four (4) Properties in Brooklyn
- Represented Institutional Lender in connection with $12,300,000.00 Acquisition/Construction Loan for Bronx Project
- Represented Commercial Lender in connection with $40 million loan secured by 163 unit building in Queens
- Represented Lender in Connection with $20,100,000.00 Commercial Credit Facility
- Closed $27 Million Loan for Commercial Lender Secured by Multiple Property Portfolio of Connecticut
- Closed $24 Million Refinance of Hotel Property for Commercial Lender
- Represented Commercial Lender in Connection 12 Million Loan Secured by Five Properties
- Represented Private Bank in Connection with Multi-State $4 million Credit Facility
- Represented Private Bank in Transaction Ivnolving Three Custom Loans Totaling $4 million for same Borrower Encumbering Multiple Properties
- New Fannie Mae/Freddie Mac Building Requirements That are Affecting the New York City Real Estate Market
- Saving a Real Estate Investor From Foreclosure Who Was in Default of His Mortgage, Common Charge and Real Estate Tax Obligations