Leigh practices in the firm’s real estate finance group, representing financial institutions and debt funds in sophisticated structured financing transactions on a national basis, including single-lender and agented, multi-lender construction, mezzanine refinancing transactions, construction loans, permanent financings, forward loan commitments, revolving credit facilities, and loan participations. Prior to joining Riemer & Braunstein, Leigh was Counsel in the New York Office of a national law firm where she had extensive experience representing commercial and institutional lenders in all types of real estate finance transactions with a particular focus on complex affordable housing transactions, including tax-exempt bond transactions, bond credit enhancement, Fannie Mae and Freddie Mac executions, and government-subsidized mortgage lending programs.
Prior to pursuing her legal career, Leigh worked in finance and accounting as an assistant controller for Marriott Hotel & Resorts. Leigh serves on the board of directors for a local nonprofit organization and is the vice-president of her condominium association board. Additionally, Leigh is the co-founder and coach for a non-profit all-star cheerleading organization. Leigh is also a licensed real estate broker.
- Represented the agent in a $1.25 billion dollar multi-lender loan comprised of direct purchase bonds and conventional financing for the construction of three residential towers on the west side of midtown Manhattan.
- Represented the agent in a $550 million dollar multi-lender loan for the permanent financing of 53 hotel properties located in 14 states.
- Represented a syndicate of lenders in connection with a $80 million construction loan for a multi-family condominium project to be built on top of an existing parking garage and subject to a tax credit bond financing and ground lease.
- Represented a national bank as construction lender on a $40 million construction loan transaction for a low income housing tax credit project in Brooklyn, New York. The construction loan was funded through the bank’s purchase of 100% participation interest in an NYC Housing Development Corporation’s originated cash construction loan.
- Represented a national bank in connection with the financing for the rehabilitation of a historic landmark department store in downtown Des Moines, Iowa, as a mixed-use multifamily housing and commercial space. Freddie Mac provided bond credit enhancement for publicly offered bonds for which the bank assumed the construction risk by making a taxable construction loan. The bank purchased short term tax exempt privately placed bonds for additional financing totaling $25 million. The transaction also involved 4% low income housing tax credit, historic tax credits and multiple layers of soft funds including CDBG, HOME, State Historic Credits, Brownfield Tax Credits, and an Enterprise Zone Credit.
- Represented a national bank in connection with a $19 million acquisition loan and a $24.5 million Freddie Mac acquisition/rehab bond credit enhancement for a 150-unit senior housing project in Washington, DC. In addition, the bank provided a loan in the amount of $3.5 million to bridge equity installments to be made by the bank, as upper tier investor under a syndication. The project was also subject to a use agreement that places caps on the retail rents at artificially low rates to encourage neighborhood business.
- Represented Fannie Mae DUS Lenders and Freddie Mac Program Plus Lenders in connection with the annual origination of $500 million to $1 billion of taxable and tax-exempt bond financings, forward loan commitments, and conventional cash transactions.