345 Park Avenue
New York, NY
Steven Kornblau’s practice is diverse and includes experience in all areas of real estate law, including real estate finance, mortgage backed securities, representation of master servicers and special servicers, conveyancing and leasing. Mr. Kornblau represents a broad spectrum of participants in the real estate community, including domestic and foreign financial institutions, pension funds, investment banks, real estate owners and developers, real estate investment trusts and corporate real estate clients.
Prior Work Experience
Prior to joining Loeb & Loeb LLP, Mr. Kornblau was a partner in the New York office of Bryan Cave LLP.
Representation of federally chartered bank, as a mortgage loan seller, master servicer and special servicer, in over 25 CMBS transactions totaling over $4 billion.
Represent lender in negotiation of Fannie Mae sale program documentation and execution of Fannie Mae REMIC transactions, whole loan sales and MBS swap transactions exceeding $3.5 billion.
Representation of public pension fund in the acquisition of over 40 commercial properties for an aggregate purchase price of nearly $500 million and related financings, including a recently concluded approximately $240 million loan secured by 34 commercial properties located in 14 states.
Serve as servicing counsel for $5 billion+ servicing portfolio, including representation in loan assumptions, loan modifications, defeasance transactions and other master servicing and special servicing matters.
Representation of energy trading fund in headquarters lease for 2 floors located in a new construction multi-building development located in Stamford, Connecticut.
Recently concluded representation of German bank in various loan transactions including $100 million first mortgage loan secured by hotel located in Beverly Hills, California, $85 million first mortgage loan secured by hotel located in Miami, Florida, $35 million first mortgage loan secured by hotel located in St. Louis, Missouri and restructuring and assumption of $131 million first mortgage loan secured by mixed use property located in Chicago, Illinois.
Advise participants in public/private development transactions, including the Metropolitan Transportation Authority (MTA) in its redevelopment of New York's Grand Central Terminal, the Empire State Development Corporation in its proposed redevelopment of New York's James A. Farley Post Office into the new "Penn Station" and prominent developers in their proposed development of a mixed-use building above New York's Port Authority Bus Terminal.
- Speaker, Buying & Selling Distressed Mortgage Portfolios - Commercial & Residential, New York, New York (June 10-11, 2010)
Boston University, J.D., 1987, cum laude
State University of New York at Albany, B.A., 1984, cum laude