Steven Mare

• Representation of a global real estate investment firm in connection with a $77 million loan-on-loan financing transaction secured by the client’s co-lender interest in a portion of an underlying $1.2 billion construction loan for a data center campus in Loudoun County, Virginia.
• Representation of a private equity fund in connection with the $104 million sale of an A-Note and negotiation of a co-lender agreement in connection with a loan in the maximum aggregate principal amount of $160 million secured by a luxury condominium development in Palm Beach, Florida.
• Representation of a private equity fund in connection with a $40 million mezzanine loan and related intercreditor agreement negotiation in connection with a $340 million mortgage loan secured by a luxury hotel property in New York City.
• Representation of a diversified credit fund as lender in connection with an $11 million supplemental loan increasing a total loan facility to $83 million, secured by a mixed-use office and retail property in New York City.
• Represented a global insurance and finance company as lender in a loan-on-loan financing of up to $255 million, secured by underlying senior, building, and mezzanine loans totaling up to $600 million, to fund construction of a 1,100-unit multifamily apartment building in Brooklyn, New York.
• Representation of a global insurance and finance company in connection with the purchase of promissory notes in the aggregate amount of $40 million, in connection with a loan in the maximum aggregate principal amount of $78 million secured by a Class A office building in New York City.
• Representation of a national bank lender in connection with a $302 million loan to refinance and fund tenant improvements and leasing costs for a newly developed mixed-use building in Cambridge, Massachusetts.

Steve Mare represents institutional lenders, alternative lenders, debt funds, and construction lenders in originating loans intended for balance sheet, syndication, and securitization secured by commercial real estate projects of all asset types, including office, retail, hotel, multifamily, and industrial.