The second quarter of 2024 ended strong for the attorneys at Murphy Schiller & Wilkes LLP (MSW). The firm acted as lead counsel in connection with the acquisition and sale of property in all asset classes, helped our clients negotiate large lease transactions, and represented both lenders and borrowers in connection with financing CRE deals, both locally and nationally.

In Q2 2024, the firm represented the following:  

• Borrower in connection with loan modification of $88,000,000 loan and deed-in-lieu transaction for office building in San Francisco, California.
• Borrower in connection with the defeasance of a $30,300,000 loan and new CMBS financing in the amount of $86,000,000 encumbering multiple multi-housing family projects located in Essex County, NJ.
• $74,000,000 Aspire tax credit for multi-family project in Newark, NJ.
• International bank in connection with amendment and restatement of $27,000,000 in credit facilities secured by properties in multiple states.
• Developer in connection with a $10,500,000 loan for the construction of a multi-family housing project in Hoboken, New Jersey.
• Purchaser in connection with $8,000,000 acquisition of office building in West Orange, New Jersey.
• New Jersey bank in connection with $3,250,000 refinance of two multi-family properties in central New Jersey.
• New Jersey bank in connection with $2,750,000 acquisition financing for a net leased Essex County industrial property.
• National bank in connection with $2,000,000 refinance of Maryland industrial properties.
• New Jersey-based company with 200,000 square foot industrial lease in the Meadowlands area.
• Institutional landlord in connection with 121,000 SF office lease with Fortune 500 tenant in Maynard, Massachusetts.
• Lender in connection with foreclosure of 92-unit apartment complex in Stratford, New Jersey.