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Steven M Herman
Senior Counsel Corporate & Finance
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Overview
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Experience
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Credentials
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Insights and events
Steven Herman advises investment banks, commercial banks, lenders, fund managers, investors, developers, issuers, and underwriters on real estate and real estate finance transactions across all major property types, with a track record of complex financings across the New York market and beyond.
His work covers mortgage and mezzanine loan origination and securitization, construction and bridge lending, workouts, foreclosures, restructurings, joint ventures, acquisitions, dispositions, and commercial leasing. Steve advises on transactions ranging from single-asset deals to highly structured multi-loan, multi-state transactions, including healthcare facility portfolios, landmark office buildings, luxury hotels, and large residential developments.
Steven is a prolific published author on real estate finance and bankruptcy topics, contributing to the New York Law Journal, The Bankruptcy Strategist and a firm sponsored monthly newsletter, and has received multiple Top Authors recognitions from the JD Supra Readers’ Choice Awards.
Recognition
- Lawdragon – Leading Global Real Estate Lawyers (2024-2025)
- Euromoney – Guide to the World’s Leading Banking & Finance Experts (2022)
- IFLR1000 (2018-2025)
- The Best Lawyers in America (2014-2026)
- Super Lawyers (2012-2026)
- JD Supra Readers’ Choice Awards – Top Authors (2022-2026)
Representative experience
Advising a commercial bank on a US$143m construction loan for a condominium conversion of the upper portion of the Woolworth Building.
Advising a commercial bank on a US$183m syndicated mortgage and mezzanine loan secured by The Plaza Hotel, New York City.
Advising a commercial bank on a US$195m construction loan for the Beekman Hotel and Residences conversion of the historic Temple Court Building, New York City, with a historic tax credit.
Advising a commercial bank on a US$200m syndicated construction loan for a 278-unit luxury condominium tower at 550 Vanderbilt Avenue, Brooklyn (Pacific Park Atlantic Yards).
Advising a commercial bank on a US$375m syndicated mortgage loan secured by 1411 Avenue of the Americas, New York City, including earnout mechanisms.
Advising a commercial bank on a US$430m securitized mortgage loan secured by 350 Park Avenue, New York City, including a 1031 exchange and master lease structure.
Advising a commercial bank on a US$455m syndicated fee and leasehold mortgage loan secured by The Empire State Building, with structures for the observation deck and diverse ownership.
Advising a commercial bank on a US$525m syndicated mortgage loan secured by the Waldorf Astoria Hotel, New York City.
Advising a commercial bank on a US$575m mortgage loan secured by Two Penn Plaza, New York City.
Advising a commercial REIT as lender on a US$450m mortgage loan secured by one of the largest privately-owned residential communities in the United States.
Advising a Japanese bank on the workout and foreclosure of US$250m of letter-of-credit backed notes secured by The Chrysler Building and the sale of a US$250m underlying note to Tishman Speyer.
Advising an investment bank as lender on a US$310m mortgage and mezzanine financing secured by the Crowne Plaza Times Square, New York City.
Advising an investment bank as lender on a US$940m mortgage and mezzanine financing (three mezzanine layers) to refinance a 167-facility Sava SeniorCare portfolio across 19 states.
Advising an investment bank on a US$1.2bn mortgage loan and US$200m of mezzanine loans secured by approximately 260 healthcare facilities in a public-to-private transaction.
Advising an investment bank on a US$450m single-asset securitized mortgage loan secured by 11 Penn Plaza, New York City.
Advising an investment bank on a US$4.6bn mortgage and mezzanine loan (seven mezzanine layers) secured by approximately 375 healthcare facilities in a public-to-private transaction.
Advising an investment bank on a US$950m single-asset securitized mortgage loan secured by 1290 Avenue of the Americas, New York City.
Advising a REIT on the deposition pursuant to multiple transactions of a multi-billion dollar portfolio of office and hotel properties.
Advising multiple investment banks on three simultaneous loans aggregating approximately US$1bn secured by approximately 50 cold storage facilities.
Advising various investment funds on the purchase of mezzanine loans, B notes, and participations across all asset classes aggregating multiple billions.
Credentials
Education
- J.D., Brooklyn Law School, 1985
- B.A., Hobart and William Smith Colleges, 1982
Bar admissions and qualifications
- New York