Real estate attorneys Steven Zidell and Joshua Min closed a loan for $3,250,000 secured by real property consisting of 30 retail units in a commercial retail complex. This transaction was multi-faceted and involved an option to refinance a senior position loan and a holdback agreement for tenant improvements. Additionally, it involved the handling of licensing and leasing issues concerning a tenant involved in the cannabis industry. In this transaction, the firm represented the lender.
Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP promotes Los Angeles based attorneys: Kelly Weil, Johnny White, Daniel Wiesel and Matthew Wolf to partner.
Ms. Weil has over 24 years of experience in representing homeowner associations. In addition to her Juris Doctoris, she possesses a Master's Degree in Real Estate Development from University of Southern California. Her clients range from two units to 18,000 units, and include all types of multi-family housing, high rise luxury developments, planned unit developments (attached and stand-alone), condominiums and cooperatives.
Mr. White is an experienced business and commercial litigator with a practice primarily focusing on bankruptcy, insolvency and debtor-creditor cases. He has extensive experience in both state and federal court across a variety of substantive areas, and has represented clients at both trial and appellate level in both California and New York. Mr. White is also a qualified barrister in the Republic of Ireland.
These deals include:
Over $60 million in commercial and mixed use properties
Over $53 million in industrial properties
Over $240 million in multi-family properties
Over $2 million in single-family properties
Additionally, Mr. Wiesel closed in excess of $1 million in loans to home owners associations. These are highly specialized loan products that are secured by HOA fees rather than a traditional mortgage on real property.
This past month, Los Angeles based real estate attorneys Steve Zidell and Josh Min closed a loan for over $30,000,000 secured by 6 separate pieces of real estate. In this transaction, the firm represented the lender. Additionally, in a separate transaction they negotiated an approximately 9 and a half year lease (on behalf of the landlord) to a post-production company of approximately 90% of a commercial building in Culver City, with a parent company guaranty, an option to extend, completion of landlord work and a tenant improvement allowance.