Real Estate Finance

The attorneys of Cozen O’Connor’s Real Estate Finance Practice represent lenders (regional and national commercial banks, investment banks, mortgage REITs, insurance companies, specialty finance companies, and private equity and opportunity funds) and borrowers (owners, commercial and residential developers and operators, REITs, and other institutional owners, and investors) in complex financing transactions involving commercial, retail, residential, and industrial real estate. We have experience with the origination, acquisition, and disposition of whole loans and interests in loans; formation of joint ventures, general and limited partnerships, limited liability companies, business trusts, and other investment vehicles; and creation of credit facilities with complex terms, including multiple interest rate options, foreign currency exchanges, interest rate protection products, and other derivatives.

Now more than ever, given the upheaval that began in 2020 due to COVID-19, counsel on the cutting edge is essential. No matter how challenging or volatile the marketplace, the requisites for providing superior real estate counsel remain unchanged: technical knowledge, negotiating skill, and business savvy. Cozen O’Connor is regularly involved in some of the nation’s largest real estate transactions, so our technical understanding of the latest in deal structure, regulation, profitability, leverage, and liability protection is second to none. And because we conduct high-stakes negotiations on behalf of both lenders and borrowers, we have real insight into the competing needs and interests of all parties. We are often able to identify unforeseen points of leverage that can give our clients a decisive advantage.

Perhaps most importantly, our lawyers understand not only the law but also the business of real estate. Striking this balance is particularly critical in an environment of economic uncertainty and fluctuating interest rates. Many of our attorneys have advanced training in mathematics, science, accounting, and finance, which enables us to grasp the financial concepts and formula behind every real estate deal. And we have the practical experience to understand how theoretical contract provisions are likely to play out in the real world. Beyond just servicing the deal, we make sure to service the broader corporate mission.

SERVICES

  • Arrange permanent and bridge financings
  • Handle sale leaseback financings
  • Advise on preferred equity investments
  • Set up mezzanine and A/B tiered structures
  • Arrange construction financings and build-to-suit structures
  • Lead capital market financings
  • Conduct syndication, participation, and co-lending transactions
  • Finance like-kind exchanges
  • Handle credit-enhanced transactions
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Experience

Publications

Fierce Competition Awaits Distressed Real Estate Funds as Deals Ramp Up [Fund Fire]

July 07, 2020

Bill Davis discusses the deal competition confronting real estate funds in the months ahead as private real estate fund strategies turn to distressed assets in the midst of the coronavirus pandemic and economic downturn.

Navigating Improved Rules for HVCRE Loans – What You Need to Know [Alert]

October 19, 2018

Zach Samton and William Davis discuss the enactment of the Economic Growth Act and how it impacts both borrowers and lenders.

Innovation gains ground even with contracts under microscope [New York Real Estate Journal]

February 14, 2012

Innovation gains ground even with contracts under microscope - New York Real Estate Journal - Even in the best of times, the use of outside contractors by government can be controversial, with public employee unions clamoring for more work to be brought in house. These, however, are not the best of times. The city, state and country all continue to suffer from the deep impacts of the Great Recession. Although New York City seems to have weathered the storm better than many metropolitan areas, budgets continue to be cut while infrastructure needs remain unmet.

Events & Seminars

Upcoming Events

Intercreditor & Subordination Agreements, Workouts & Associated Documents

May 15, 2024 - New York, NY

William Davis will moderate a panel on "Intercreditor & Subordination Agreements, Workouts & Associated Documents" as part of the IMN Real Estate Mezzanine Financing & High-Yield Debt Forum.

Mezzanine Financing & High Yield Debt Origination Trends

May 15, 2024 - New York, NY

Zachary Samton will be moderating a panel on "Mezzanine Financing and High Yield Debt Origination Trends" at the IMN Real Estate Mezzanine Financing & High-Yield Debt Forum.

Past Events

25th Annual Commercial Real Estate Institute

November 07, 2023 - New York, NY

MBA of NY Scholarship Networking Breakfast

October 11, 2023 - New York, NY

Real Estate Strategies & Assets

January 25, 2022 - Webinar

2019 Bridge Loans for Commercial Real Estate

November 07, 2019 - New York, NY

In The News

Eighty-eight Cozen O’Connor Lawyers, 23 Practices Earn Top Recognition in Chambers USA 2023 Guide

June 05, 2023

Of the 88 lawyers ranked, 17 lawyers have been recognized nationally, and eighteen were recognized in Band 1. Eight of the firm's practice areas have been recognized nationally, and nine were ranked Band 1.

Lindsay Miller Named a 2023 GlobeSt. Woman of Influence

May 01, 2023

Lindsay Miller, a member of Cozen O’Connor’s Real Estate practice, was named a 2023 Woman of Influence by GlobeSt.

Commercial Real Estate Slow To Complete Libor Transition

September 16, 2022

Zach Samton is quoted in S&P Global discussing how the U.S. commercial real estate industry is handling the Libor transition.

Chambers Ranks 86 Cozen O’Connor Lawyers, 22 Practice Areas in Chambers USA 2022 Guide

June 02, 2022

Chambers USA, the leading annual guide to the top lawyers and law firms in the United States, has ranked 86 Cozen O’Connor lawyers as leaders in their respective fields in the guide’s 2022 edition.

Cozen O’Connor Represents Equus Capital Partners, Ltd. in Nearly $1 Billion Acquisition of Industrial Real Estate Portfolio

February 07, 2022

Philadelphia, February 7, 2022 – Cozen O'Connor represented affiliates of Equus Capital Partners, Ltd. in the acquisition of a portfolio of industrial properties throughout the Southeast and Sun Belt.

Will 2022 Be Another Boom Year for CMBS?

January 26, 2022

Zach Samton is quoted in an article in the Commercial Property Executive that discusses the fate of Commercial Mortgage-backed Securities (CMBS) in 2022.

What Attys Must Know As Congress Debates 1031 Program

July 02, 2021

Alex DuFour addresses the changes being made by the Biden administration regarding the Section 1031 exchange program in Law360.

Proposed Tax Law Changes Could Change Shape of Transactions, Real Estate Executives Say

May 27, 2021

Alex DuFour addresses possible transactional changes in 2022 and beyond should the Biden administration’s plan to raise the capital gains tax rate and do away with deferred taxes on property exchanges become law in CoStar.

82 Cozen O’Connor Lawyers, 19 Practices Earn Top Recognition in Chambers USA 2021 Guide

May 26, 2021

Chambers USA, the leading annual guide to the top lawyers and law firms in the United States, has ranked 82 Cozen O’Connor lawyers as leaders in their respective fields in the guide’s 2021 edition; of those, 15 lawyers have been recognized nationally.

Investors are Already Trying to Get Ahead of Potential Federal Tax Changes

May 06, 2021

Alex DuFour addresses the Biden administration’s proposed changes to capital gains tax rules and its effect on commercial real estate investors in CoStar.

Cozen O’Connor Represents Equus Capital Partners, Ltd. in $1 Billion Multi-Tiered Real Estate Transaction

April 20, 2021

Cozen O'Connor represented affiliates of Equus Capital Partners, Ltd. in a multi-tiered transaction that included the sale of two portfolios of industrial properties throughout the Southeastern United States.

Cozen O’Connor Adds Former Silverstein Properties Executive Vice President and General Counsel Jonathan W. Knipe

March 08, 2021

Knipe has spent the past 15 years with Silverstein Properties, serving in the capacity of chief legal officer and corporate secretary, and was instrumental in the rebuilding of the World Trade Center properties after 9/11.

Contacts

William F. Davis

Vice Chair, Real Estate

wdavis@cozen.com

(212) 883-4947

Zachary Samton

Co-Chair, Real Estate Finance

zsamton@cozen.com

(212) 883-4971

R. Alex DuFour, II

Co-Chair, Real Estate Finance

adufour@cozen.com

(202) 304-1459

People

Awards

Eighty-eight Cozen O’Connor Lawyers, 23 Practices Earn Top Recognition in Chambers USA 2023 Guide

June 05, 2023

Of the 88 lawyers ranked, 17 lawyers have been recognized nationally, and eighteen were recognized in Band 1. Eight of the firm's practice areas have been recognized nationally, and nine were ranked Band 1.

Chambers Ranks 86 Cozen O’Connor Lawyers, 22 Practice Areas in Chambers USA 2022 Guide

June 02, 2022

Chambers USA, the leading annual guide to the top lawyers and law firms in the United States, has ranked 86 Cozen O’Connor lawyers as leaders in their respective fields in the guide’s 2022 edition.

82 Cozen O’Connor Lawyers, 19 Practices Earn Top Recognition in Chambers USA 2021 Guide

May 26, 2021

Chambers USA, the leading annual guide to the top lawyers and law firms in the United States, has ranked 82 Cozen O’Connor lawyers as leaders in their respective fields in the guide’s 2021 edition; of those, 15 lawyers have been recognized nationally.

Cozen O’Connor Attorney Paul S. Rutter Named the Urban Development Lawyer of the Year by Century City Bar Association

January 24, 2019

– Cozen O’Connor attorney Paul S. Rutter, a member of the real estate practice in the firm’s Santa Monica, Calif., office, has been named “Urban Development Lawyer of the Year” by the Century City Bar Association. The Association provides legal education, leadership opportunities, and a sense of community to more than 4,000 Century City attorneys. Paul is among six attorneys being recognized by the Association for distinguishing himself in his respective field of expertise.

Related Practice Areas

Upcoming Event:

Mezzanine Financing & High Yield Debt Origination Trends

New York, NY 05/15/2024

Zachary Samton will be moderating a panel on "Mezzanine Financing and High Yield Debt Origination Trends" at the IMN Real Estate Mezzanine Financing & High-Yield Debt Forum.

Event Details

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