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.
Represented Regional Bank in a $140 Million Acquisition and Construction Loan
In October 2019, Romer Debbas LLP represented a regional commercial lender in connection with a $140,000,000.00 acquisition and construction loan via which a developer intends to build condominium units in Orange County, New York. This complex loan involved 3 participating lenders as well as a mezzanine loan. The matter was handled by Hugh Finnegan and... Read More
Romer Debbas LLP Represents Purchaser on Acquisition of Famed Forbes Townhouse
Partners Pierre E. Debbas, Esq. & Michael R. Feldman, Esq. handled contract negotiations & the acquisition of the famed Forbes townhouse (previously owned by the former editor-in-chief of Forbes Magazine, Malcolm Forbes) located at 11 West 12th Street. This transaction has been widely reported by the Wall Street Journal & The Real Deal as well as other notable media outlets,... Read More
Romer Debbas LLP Negotiates Substantial Buy-out for Upper East Side Tenant
Romer Debbas continues to represent a variety of individuals in rent stabilized/controlled apartments buyouts across New York City. This past month, Partner Daniel Gershburg, Esq.successfully negotiated a buyout for a client who lived on the Upper East Side. After lengthy negotiations with the developer, Gershburg was able to negotiate a buyout which exceeded 100% of the... Read More
Closed Financing in Excess of $35 Million Secured by Mortgage on Local Hotel
At the end of the first quarter of 2019, partner Hugh Finnegan and associate Andrew Mello closed a financing in excess of $35,000,000.00 secured by a first mortgage on a local flagged hotel. The lender was a long time client of the firm and the borrower was an internationally based owner and operator of hotels... Read More
Represented Seller of $7,775,000.00 Townhouse Which Came with 99 Year Lease to Outdoor Space
In January 2019, the firm represented a seller of a Manhattan townhouse for $7,775,000.00. The townhouse came with an assignment of a 99 year lease for outdoor space from an adjoining property. The parties also completed an assignment of Seller’s mortgage to Purchaser’s lender resulting in a savings to the parties of over $30,000.00. This... Read More
Represented Purchaser of $17,000,000.00 new development condominium unit at 520 Park Avenue.
In December 2018, we represented a purchaser of a condominium unit at 520 Park Avenue for $17,000,000.00. The client was concerned with anonymity in making the purchaser and we were able to structure their ownership with utilizing multiple entity layers resulting in their names not being published; while still complying with the U.S. Treasury... Read More