Lydia C. Stefanowicz

Results may vary depending on your particular facts and legal circumstances.

• 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. Read more here.
• 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. Read more here.
• 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.