Scott Levine focuses on both commercial real estate finance and development. Mr. Levine represents a diverse group of clients, including property owners and institutional CMBS and balance sheet lenders.

Mr. Levine advises on many aspects of real estate, including the acquisition, financing, holding and disposition of lodging and hospitality properties, shopping centers, office buildings, mixed-use projects and undeveloped land throughout the United States. In addition, he regularly represents lenders in mortgage and mezzanine originations, workouts and restructurings for such properties.

Experience

  • Major financial institution in connection with a $300 million syndicated construction loan to finance the construction of The Hub, a 52-story mixed-use rental building located in Brooklyn, New York with an affordable housing component. In addition to the construction loan, the project was financed with a preferred equity investment. An institutional fund provided a refinancing vehicle through an equity takeout arrangement.
  • Joint venture between AWH Partners and Blue Mountain Capital in connection with the acquisition through a Section 363 bankruptcy sale of eight hotels branded or to be branded with a national hotel chain in several states, along with related financing arrangements.
  • Tribeca Holdings London in the acquisition and financing of a mixed-use property in Chicago.
  • PB Capital Corporation as lender in the restructuring of a loan secured by a condominium in the Bronx, New York
  • Joint venture between Greenfield Partners and Magna Hospitality Group in connection with the bifurcation of a fee interest into a fee and leasehold interest and the leasehold financing of three hotels in Manhattan. The transaction included the negotiation of ground leases for each hotel, the sale of the land and the landlord’s interest under each ground lease to a real estate investment trust for over $300 million, and the refinancing of the debt on the hotels through new ground leasehold financings in the aggregate amount of $320 million.
  • New York Life Insurance Company as agent in connection with the restructuring of a loan secured by 31 office properties in Southern California.
  • Institutional lender in connection with (i) a $45 million balance sheet mortgage loan to a subsidiary of Paulson & Co. to finance its acquisition of, and significant renovations to, the Vanderbilt Hotel in Condado, Puerto Rico and (ii) a $127 million CMBS mortgage loan to a subsidiary of Paulson & Co. to finance its acquisition of the La Concha Hotel (a Renaissance Resort) in Condado, Puerto Rico. Each simultaneous loan and acquisition was part of a larger transaction with a number of parties, including the prior owners, several lending institutions and the Commonwealth of Puerto Rico.

Credentials

Education
  • JD, Fordham University School of Law, 2007, Urban Law Journal
  • BA, History, Cornell University, 2004, with distinction, Phi Beta Kappa
Admissions
  • New York
Activities
  • Member, New York State Bar Association

Overview

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