NEW YORK – Today Loeb & Loeb LLP announced the completion of the multimillion dollar refinancing of a twenty-property real estate portfolio for the firm’s client, Larken Associates. The approximately 1.1 million square feet of commercial warehouse and office space was refinanced by Lehman Brothers Bank, FSB and was structured to provide multiple loans allowing the client greater flexibility for future sales and re-financings.
The Loeb & Loeb team was led by partner Andrew Lippmann and included partners Richard Nardi and Walter Curchack, and associates Dana Rosenthal and Vadim Rubinstein. Andrew Lippmann commented, “This deal was a collaborative effort by attorneys from Loeb & Loeb’s real estate, corporate, and bankruptcy practices, demonstrating the firm’s interdisciplinary approach to transactions and its ability to handle complex multiproperty deals in the most timely and cost-effective manner.”
Loeb’s real estate practice involves the leasing, financing, development and conveyancing of commercial, multifamily, office, industrial, hospitality and residential properties throughout the country and abroad. A national team of more than 20 attorneys handle all manner and size of real estate transactions.
About Larken Associates: Larken Associates is a family-run real estate development company. For more information, please visit www.larken.net.
About Loeb & Loeb LLP: Loeb & Loeb LLP is a multiservice national law firm with 260 attorneys and offices in Los Angeles, New York, Chicago, and Nashville. The firm is recognized as a leading law firm in the areas of corporate and securities matters; litigation; entertainment and media law; finance; real estate; intellectual property; private equity; employment; advertising and promotions and tax and wealth services. Our clients include some of the world’s largest financial institutions, major media and entertainment companies, NYSE, NASDAQ and Amex listed public companies, advertising groups, real estate companies, and Big Four accounting firms, as well as many high net worth individuals.