Navigating the increasing complexity of real estate transactions and nuances of the New York City market requires expertise beyond the realm of traditional real estate practices; one that is based on innovation and experience. The key to successful real estate outcomes is having the guidance of an experienced attorney who can deliver results. Romer Debbas, LLP has provided countless clients with creative solutions to complex and seemingly unsolvable real estate matters.
Romer Debbas, LLP Closes a $10.1 Million Conventional Acquisition Loan Under Fannie Mae Delegated and Underwriting Servicing Program as Part of a Like-Kind 1031 Exchange
Romer Debbas LLP Agency Lending & Affordable Housing group represented Greystone Servicing Company LLC (“Greystone”) in the closing of a conventional acquisition loan secured by a 130-unit multifamily housing project located in Indianapolis, Indiana (“Replacement Property”). Structured as a 5 tenants-in-common buyer’s vehicle (“1031 Buyers”), the 1031 Buyer’s purchase of the Replacement Property in the... Read More
After Guiding Client Thru Serious Walk-Thru Issues and Resolving Same with Sponsor, a New Condo Purchase Successfully Closed
When purchasing a unit from a sponsor/developer, whether new construction or a conversion of an older building, Purchasers should fully understand their rights when it comes to accepting the condition of the Unit prior to closing. Unfortunately, it sometimes occurs that a Purchaser is (or feels) somewhat rushed through the pre-closing walk through, which can... Read More
Closed $35 Million Line of Credit on Behalf of Commercial Lender Secured by 13 Properties in 5 States
Romer Debbas LLP represented a prominent commercial lender in connection with a $35 Million Line of Credit secured by 13 different properties located in 5 different states. This matter closed in May 2022 and was handled by partners Guy Arad & Alison Weisman with the support of our associate Spencer Sklar.
Agency Lending Team Closed $8.5 Million Freddie Mac Supplemental Loan on 459 Unit Project in Texas
The Agency Lending & Affordable Housing team of Romer Debbas LLP represented a prominent lender in the closing of an $8.5+ million ARM supplemental loan originated under the Freddie Mac Optigo Seller/Servicers supplemental loans program. The loan encumbering a 459-unit project in Texas, is one of the first supplemental-floating-rate loans behind an existing first-lien-floating rate... Read More
Agency Lending Team Closes $35.8 Million Loan on 11 Property Portfolio (Fannie Mae DUS)
The Agency Lending & Affordable Housing team of Romer Debbas LLP represented a prominent lender in the closing of a portfolio of 8 supplemental loans in the aggregate sum of $35.8 million originated under the Fannie Mae DUS Supplemental Loans program. The loans encumbering 11 properties and covering an aggregate of 1,463 residential units are... Read More
Litigation Team Successfully Defended Luxury Condo Building in Support of Business Judgment Rule
Romer Debbas, LLP recently obtained a tremendous decision for a downtown luxury condominium building where the firm represents the board, in which a unit owner’s Article 78 Petition was denied due to the Business Judgment Rule. An Article 78 Petition can be brought in order to challenge the determinations of administrative agencies, public bodies or... Read More