riemerlawrealestate.com

Richard I. Lefkowitz

Richard I. Lefkowitz
Senior Partner / Banking & Finance
Boston and New York Offices
617-880-3549
617-692-3549 fax
rlefkowitz@riemerlaw.com

Rich's primary areas of practice are in the representation of lenders in real estate financing transactions and the resolution of problem loans. Rich regularly handles a broad range of transactions for institutional clients (including balance sheet lending institutions and debt funds), including, without limitation, the representation of financial institutions in multi-lender real estate finance, real-estate portfolio finance, and mezzanine finance and workout transactions on a local, regional, and national basis. Rich has extensive experience in representing lenders in transactions which include, without limitation, the following structures: (i) multiple-layers of debt (senior/mezzanine transactions and A/B Note transactions), (ii) preferred equity, (iii) Historic Tax Credits and (iv) New Market Tax Credits.

Rich has participated as a speaker at seminars sponsored by the International Council of Shopping Centers, the National Association of Industrial and Office Properties, and Massachusetts Continuing Legal Education, Inc. In addition, Rich was the co-author of the article entitled, "Ground Lease Projects: Dealing with Complexity of Parties and Issues," published by the ICSC, and wrote the article, "Syndicated Loan Arrangements in the Project Finance Market," published by Massachusetts Continuing Legal Education, Inc. He has been and remains active in a number of non-profit organizations.

Representative Transactions

  • $500 million multi-lender loan for the ground-up construction of a luxury condominium and retail project in New York City
  • $93 million loan for the acquisition of an office building in San Diego, California
  • $400 million multi-lender loan for the ground-up construction of an office building for a single tenant in Washington, D.C.
  • $336 million multi-lender loan involving the construction of a hotel, condominium, apartment, and retail project in Boston
  • $385 million multi-lender loan involving the conversion of an apartment complex to a luxury condominium in New York City
  • $47 million leverage loan involving an apartment complex in Washington, D.C. (inclusive of New Market Tax Credits)
  • $470 million multi-lender loan for construction and rehabilitation of a building to be converted into residential, office and retail condominiums (inclusive of Historic Tax Credits) in Boston
  • $142 million multi-lender loan involving the acquisition of a portfolio of properties located in New York, Arkansas, North Carolina and Tennessee
  • $10.3 million mezzanine loan involving the construction of a luxury condominium project in the Miami area
  • $200 million syndicated unsecured working capital and term revolving credit facility for a national Real Estate Investment Trust
  • $34 million syndicated senior and mezzanine construction for the demolition and construction of a mixed-use 277-unit multi-family apartment complex and retail center in Delaware
  • $68.5 million syndicated senior and mezzanine construction for the demolition and construction of an enclosed mall complex in Alabama
  • Resolution of a $10 million mezzanine loan involving the construction of a luxury condominium in Maryland
  • Resolution of a $150 million loan involving the construction of a luxury condominium and spa in New York City

Affiliations

American Bar Association
International Council of Shopping Centers
Massachusetts Bar Association
National Association of Industrial and Office Properties
Riemer & Braunstein is the sole National Law Firm Sponsor of Real Estate Lenders Association

Admissions

Commonwealth of Massachusetts
State of New York

Education

Boston University School of Law, J.D., 1993
The Wharton School at the University of Pennsylvania, B.S., 1990