Meeting the Challenge
When two bank clients needed to close an unusually large number of commercial real estate loans in a short period of time, we called upon senior associate Vincent Georgetti, who concentrates in commercial real estate transactions and financing law. Vincent met the challenge of drafting and negotiating all necessary documents, managing the transactions, protecting our clients and maintaining the Borrower’s desire to close quickly and efficiently.
Getting the Deal Done in Reston, Virginia.
Senior partner, Harry Braunstein, recently handled an $18 million subordinate short term facility for an “upstream” parent company whose subsidiary owns a million square feet of Class A office space in Reston, Virginia. Closing expeditiously was critical as the loan proceeds were to be used for immediate tenant improvements and other lease related expenses. Despite numerous issues involving the existing senior securitized and mezzanine lenders that could have resulted in several months of delay, Harry negotiated with all parties and got the deal closed in 3 weeks. Harry is General Counsel in the United States to the parent company, which, through numerous subsidiaries has commercial real estate holdings in the U.S. valued well in excess of a billion dollars.