Stephen G. Schweiger

Partner / Banking & Finance; Real Estate

New York Office

212-789-3111

212-789-3191 fax

sschweiger@riemerlaw.com

Steve focuses his practice in the area of commercial real estate transactions. He represents financial institutions in connection with construction, mezzanine, and permanent financing projects and credit enhancement for the issuance of taxable and tax exempt bonds. Much of his work involves the representation of the agent in projects with multiple lenders and multiple tiers of financing. Steve's expertise in the complexities of the New York lien law has been invaluable in helping clients structure and restructure New York construction loans. Steve is also experienced in the workout and resolution of problem loans on a national, local, and regional level, as well as commercial real estate conveyancing and leasing transactions. Steve manages the firm’s New York office.

Representative Transactions

• Representation of the agent and issuer of a $125 million letter of credit facility in connection with the issuance of taxable and tax exempt series Housing Revenue Bonds by the New York State Housing Finance Agency for the construction of a mixed use rental facility in New York City
• Representation of the lender in the ongoing resolution of a $385 million acquisition and construction loan in connection with a luxury condominium project in Manhattan financed with multiple tiers of debt
• Representation of the agent and the lenders in connection with a $260 million loan for the construction of a residential rental project in Manhattan
• Representation of the agent in the ongoing restructure of a $120 million, multi-tiered debt facility involving the development of a luxury residential condominium project in Washington, D.C.
• Representation of a co-lender in the workout and foreclosure of a $135 million acquisition and building loan facility secured by a hotel development in Manhattan and subject to a permanent takeout
• Representation of the developer in the purchase, finance, and leasing of a $30 million retail center in New Jersey
• Representation of the lender in a $60 million construction loan for the conversion of a residential rental building to office use in Hollywood, California

Affiliations

American Bar Association

New York State Bar Association, Real Estate Division

Admissions

State of New York, 1997

State of New Jersey, 2003

Education

New York University School of Law, J.D., 1995

Stanford University, A.B. with Distinction, 1991