Julia E. Schmidt

• Represent a confidential national developer client in a $95 million bond financing transaction to support building a mixed-use building with 320+ residential apartments at mixed income levels and ancillary commercial space and parking.
• Represented a confidential developer client in obtaining $539 million in construction financing from the New York State Housing Finance Agency for a project containing 900+ market rate apartments and 230+ affordable units.
• Represented a confidential developer client in financing and developing a multifamily project in Long Island City that became one of the largest apartment projects in Queens, with 950+ residential units.
• Represented a confidential developer client in the development of a nearly 40-story tower in the Greenpoint neighborhood of Brooklyn, New York containing more than 40,000 square feet of retail space and approximately 600 units.
• Represented a confidential developer client in a financing transaction for the acquisition and rehabilitation of several multifamily rental properties containing 100% affordable housing in the Bronx.
• Represented a confidential residential and commercial real estate acquisition, development and property management client in closing a $380 million bond and construction loan financing for the development of several structures in Manhattan with residential, retail and related uses.
• Assisted a confidential developer client with refinancing a construction loan used to develop a complex in Manhattan with three condominium regimes and 1,200+ residential units (240+ affordable).
• Represented a confidential developer client in closing a $175 million bond and construction loan on a project with total development costs near $300 million and a major joint venture equity investment.
• Represented a confidential developer client in closing a $210 million bond financing for the construction of a 40+-story building to contain more than 300 residential units, 60+ of which will be reserved for low- and moderate-income households.
• Represented a confidential developer client in the financing of a multi-phase groundbreaking, multi-phase mixed-income project near the Capitol Building in Washington, DC, with the entire project containing over 1,100 residential units.
• Represented a confidential developer client in the ground leasing of multiple parcels in the Bronx, on which the developer constructed hundreds of affordable and moderate-income residential units, as well as a FRESH grocery store.
• Represented a joint venture of Douglaston Development & Kinwood Partners in connection with its selection by the New York City Economic Development Corporation to redevelop Gansevoort Square in Manhattan into a major mixed-income residential (590 units), cultural, & community-focused development.
• Represented a confidential client in the formation of a joint venture with a syndicate of Korean institutional investors for the development and operation of large-scale data center facilities in Virginia, with total transaction value exceeding $260 million.
• Represented a confidential institutional real estate investor in connection with a $299 million construction loan to finance the development of a 744,000-square-foot, two-building data center campus in Loudoun County, Virginia.
• Represented Douglaston Development in a New York City real estate transaction involving the acquisition of development sites and a tiered capital stack, representing an aggregate transaction value of approximately $392.5 million, for the development of mixed-use and luxury residential projects.
• Represented a confidential real estate sponsor in a $450 million refinancing with Ares Management of a nearly complete 834-unit, mixed-income, waterfront multifamily development in Brooklyn, New York.
• Represented a confidential data center owner and developer in connection with a $525 million construction loan for the expansion and improvement of data center campuses in North Carolina and Illinois.
• Represented a confidential, publicly traded client in multiple construction financings totaling over $700 million for the development of a multi-building data center campus in Manassas, Virginia.
• Represented Cortland Partners in its $1.6 billion acquisition of a 19-asset multifamily portfolio from Elme Communities, including advising on acquisition structuring, co-investment capital, and acquisition and agency loan financing.

Julia Schmidt focuses in owner-side real estate transactions, with substantial experience in borrower-side real estate finance. She represents property owners and developers involved in the acquisition, development, and financing of a broad range of real estate projects, including multifamily buildings, large-scale single-family developments, mixed-income and fully affordable housing, office spaces, medical office facilities, industrial properties, data centers, and other commercial assets.  Additionally, Julia advises clients on all aspects of the capital stack: taxable and tax-exempt bond financings, senior, mezzanine and subordinate debt, equity investments, and (Low-Income Housing Tax Credit) LIHTC syndications.

Julia represents property owners and developers on the full lifecycle of real estate transactions, from acquisitions and leasing to construction and development to disposition, along with debt and equity financing for each stage.  Additionally, Julia frequently manages workouts, foreclosures and restructurings and public-private partnerships, overseeing complex, high-profile multiparty transactions from inception to closing.  Clients count on her to find practical paths through varied markets and deliver business-focused solutions that advance their objectives and get deals done.  Her extensive network -- including banks, private credit and equity providers, property owners, governmental agencies, agency lenders, and tax credit investors -- enables her to bring the right parties together and deliver effective counsel in sophisticated situations.

Julia has represented numerous owners of mixed-use properties, structuring and closing intricate debt and equity financing arrangements alongside housing finance agencies and public authorities to facilitate the creation of thousands of new affordable housing units.  Among her notable achievements are closing one of the nation’s largest HUD affordable housing transactions, securing financing for the development of one of New York City’s most significant residential buildings, valued at over $1 billion, obtaining financing for billions of dollars of data center campus development throughout the eastern U.S. and coordinating financing for the acquisition a $1.6 billion multifamily portfolio.

Recognized as a Fellow of the American College of Mortgage Attorneys, Julia helps her clients navigate the intersection of private development and public policy as well as the overall dynamics that shape complex real estate transactions.  She is equally effective advising entrepreneurial developers on single-asset transactions and institutional clients on portfolio-level strategies, and she brings a collaborative, deal-oriented approach that has earned the trust of repeat clients across market cycles.