Represented Developer with Acquisition, Development, and Construction Financing of a Multifamily Project
December 14, 2022
Represented a major Long Island developer in connection with the acquisition, development, and construction financing of a large multifamily project in Lynbrook, New York, in addition to related corporate, environmental and land use matters. Key highlights of the representation include the acquisition and assemblage of multiple properties from various sellers; negotiating a $70 million construction loan; the infusion of capital from various partners and the granting of a preferred equity loan of $30,000,000; the execution of an Industrial Development Agency Lease providing tax benefits; and the negotiation and drafting of a complex joint venture agreement.
Related Practices
- Development