Lydia C Stefanowicz

Practice Details

• Languages
  Russian
  Polish
• Firm Information
  Position

  Of Counsel

  Firm Name

  Greenbaum, Rowe, Smith & Davis LLP
• Representative Cases & Transactions
  Transactions

  Represented an affiliate of Mack-Cali Realty Corp., as borrower, in the negotiation, structuring, documentation and closing of a $150 million non-recourse mortgage loan from an insurance company lender to finance a 566,215 square-foot Class A office building in Hoboken, New Jersey.

  Represented an affiliate of Mack-Cali Realty Corp., as borrower, in the negotiation, structuring, documentation and closing of a $124.5 million non-recourse CMBS mortgage loan, to finance a portion of the purchase price of a portfolio of Class A office buildings in Short Hills, New Jersey.

  Served as an expert witness for the plaintiff in a legal malpractice action in Supreme Court, New York County by a loan fund against its closing counsel arising from a defaulted loan transaction.

  Served as an expert witness for the plaintiff in a legal malpractice action in District Court, Clark County, Nevada against its counsel arising from a closing legal opinion issued in a loan transaction.

  Represented a joint venture borrower in connection with a $42 million construction and permanent term loan from Provident Bank to finance the construction of a 219-unit multi-family rental complex project in Rahway, New Jersey.

  Represented a private investment fund as property owner in the negotiation, structuring and documentation of deed-in-lieu of foreclosure conveyances of three separate suburban office properties to an affiliate of Third Point LLC, a distressed debt investor, as noteholder of three defaulted CMBS loans in the respective principal amounts of $60.7 million, $53.1 million, and $59.1 million.

  Represented Agent bank in over $57.3 million syndicated (club deal) senior secured revolving credit (including letters of credit) and term loan facilities to a leading manufacturer and distributor of high-quality branded nuts, trail mixes & dried fruits.

  Represented an affiliate of a publicly-traded REIT, as borrower, in the negotiation, structuring, documentation and closing of a $250 million non-recourse CMBS mortgage loan, secured by a 1.25 million square feet office building in Jersey City, New Jersey.

  Represented the seller of a portfolio of 5 Class A suburban office buildings in Bergen County, New Jersey containing almost 1.1 million square feet to two separate buyers, in seller’s capacity as a purchase money mortgage lender for loans of $40,202,500 and $24,294,390, respectively.

  Represented a New York City public charter school in connection with a construction dispute and debt restructure, including additional tax-exempt and taxable financing through Build NYC Resource Corporation.

  Represented a major national bank in connection with a $150 million maximum principal amount unsecured revolving line of credit (including a letter of credit subfacility) to a leading retailer of electronics.

  Represented Agent bank in a $222.5 million syndicated senior secured revolving credit facility (including letters of credit, bankers’ acceptances and swing line loans) to a multinational food importer and its affiliates.

  Represented a property owner (joint venture between a developer and an affiliate of Fidelity Investments) in connection with a $44.7 million syndicated construction loan with Wells Fargo Bank as Agent, the proceeds of which were used to renovate and reposition a vacant suburban office building.

  Represented the tenant, the U.S. affiliate of the manufacturer and distributor of Waterford crystal, Wedgewood china and other luxury tableware, in the negotiation of a ten-year net lease for a 278,000 square feet, single tenant industrial warehouse building in Monmouth County, New Jersey, to serve as its North American headquarters and distribution center.

  Represented the liquidity provider under a standby bond purchase agreement with Meridian Hospitals Corporation in connection with the conversion of a $97 million tranche of New Jersey Health Care Facilities Financing Authority Revenue Bonds from auction rate to variable rate bonds.

  Represented a property owner in the negotiation and documentation of a joint venture with GreenVest LLC, a strategic land use and environmental planning firm, to develop a wetland mitigation bank projected to produce approximately $12.5 million of marketable wetland mitigation credits.

  Represented the property owner in extensive negotiations and documentation of a perpetual, non-exclusive easement for underground electric transmission lines in favor of an affiliate of Competitive Power Ventures, Inc., with the objective of preserving the future development prospects of the property.

  Represented New Jersey-based developer in the negotiation of the terms of a joint venture with an affiliate of BlackRock to acquire a commercial/industrial property in the Port Newark area; represented same developer in connection with acquisition financing of the property and ultimate sale of the property.