Jeffrey S. Page

Partner / Banking & Finance

New York Office

212-789-3119

212-789-3199 fax

jpage@riemerlaw.com

Jeff focuses his practice in the area of commercial real estate transactions. Jeff regularly handles a broad range of transactions for institutional clients, including the representation of financial institutions in multi-lender real estate finance and workout transactions on a national basis. Jeff is well known for his ability to successfully represent bank groups ranging from several lenders to over 150 lenders. Prior to joining the firm, Jeff spent six years at Eurohypo AG, New York Branch where his responsibilities included involvement in every aspect of structuring and closing real estate finance transactions, including legal structuring of loans, working directly with credit officers to structure around particular concerns, and drafting and negotiating loan documents. Jeff was primarily responsible for developing Eurohypo's syndicated loan documentation programs, including senior secured term loans, construction loans, corporate loans, mezzanine loans, co-lender agreements, and intercreditor agreements, as well as maintaining and updating Eurohypo’s CMBS loan documentation program. Jeff’s practice also includes the closing and sale of CMBS loans, and Jeff has handled several billion dollars of CMBS loans.

During the recent economic downturn, Jeff's responsibilities principally included real estate workouts and restructurings, with direct involvement in troubled loans aggregating more than $6 billion. He served as the lead negotiator for the restructuring/foreclosure of multi-tranched mortgage loans, corporate loans to REITs or other holding companies, and mezzanine loans for hotels, retail properties, condominium properties, office properties, land, corporate facilities, and construction loans.

Representative Transactions

Lead Lender Loan Transactions:

• $300 million construction loan for a hotel in Florida
• $245 million balance sheet loan for an office building in New York (included A/B and mezzanine components)
• $150 million hotel/golf course construction loan in California
• $100 million mezzanine loan secured by cash flow pledges from 4 regional malls
• $70 million CMBS loan for garden apartments in Pennsylvania
• $120 million sharia compliant CMBS loan

Administrative Agent in Workouts/Restructurings:

• $2.6 billion multi-lender corporate facility for a retail REIT
• $1.5 billion multi-lender senior secured portfolio loan for a retail REIT
• $80 million senior loan and $35 million mezzanine loan on a condo hotel construction project in Florida
• $80 million condominium construction loan in Massachusetts
• $180 million multi-lender resort hotel construction loan in Arizona
• $200 million A-note, $135 million B-note, and $30 million C-note on a condo and hotel conversion loan in New York

Admissions

State of New Jersey, 1998

State of New York, 2000

Education

Seton Hall University School of Law, J.D., magna cum laude, 1998

The Pennsylvania State University, B.A., cum laude, 1983