Manhattan Condominiums/Rentals/Hotels

Olshan represents developers of several luxury Midtown and Upper East Side mixed use and hotel properties in purchasing and financing real estate. We represent the purchasers of properties at prices up to $500 million, often on an expedited basis. Typically we also represent the developer in the construction and mezzanine financings from institutions such as Lehman Brothers, China Pacific, M&T Bank, and German and other foreign lenders. We are experts in working with the terms offered by various lenders for projects of this kind, including negotiating the carve-outs from non-recourse loans, minimizing mortgage recording taxes and managing the inter-creditor relationships among the lenders and preferred equity holders.

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