News: Press Release
Offit Kurman Represents Borrower in $19.2M CMBS Loan Transaction
For Immediate Release
Metro Park, NJ | March 26, 2018
Offit Kurman has successfully represented a Michigan-based borrower in a commercial mortgage-backed securities (CMBS) loan transaction in the principal sum of $19.2 million secured by property located in Lansing, Michigan. The transaction involved a simultaneous loan defeasance in the principal sum of $10.8 million. The Offit Kurman team, led by Umar A. Sheikh, included Frank Noyes as special Delaware counsel, and Richard Wasserman as special bankruptcy counsel. Offit Kurman was assisted in the transaction by local counsel in Michigan. The borrower was advised on the transaction by Trinity Street Capital Partners, a real estate advisory firm.
Offit Kurman’s Real Estate Law and Transactions Practice Group offers comprehensive legal services for organizations with virtually any real estate need. The firm’s real estate lawyers are experienced in the drafting and negotiation of contracts for the purchase, lease, or sale of real estate, as well as in assisting with issues related to real estate financing and development, and land use and zoning assessments. With offices in New York City, Delaware, and other key markets throughout the Mid-Atlantic, Offit Kurman is well-positioned to help clients buy, sell, lease, develop, and broker the spaces in which dynamic companies do business.
More information about Offit Kurman’s real estate law and transactions services please contact us here.
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Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 150 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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