Julia Klein handles the full range of commercial real estate transactions, including commercial financing, leasing and development. She is a member of the firm’s Real Estate + Development Group.
Real Estate Development and Finance
Ms. Klein has over a decade of experience in counseling her clients in all aspects of their real estate transactions, including the structuring, negotiating, and closing of acquisitions and dispositions, and related financing. Ms. Klein also works on behalf of her clients to negotiate commitment letters, guaranties, lease agreements, loan and credit agreements, in transactions that typically involve multiple levels of financing, including financing from state and federal low-income housing loan programs and from the sale of federal and state tax credits (low income, historic, solar, and brownfields).
Ms. Klein routinely assists clients with complex financing transactions, such as helping an owner secure a $5 million commercial mortgage-backed securities (CMBS) loan collateralized by two large scale industrial properties in Connecticut.
Affordable Housing and Community Development
Ms. Klein also represents national and community-based lenders, including community development financial institutions, in multi-tiered multifamily lending transactions that involve municipal bonds and tax credit equity. She also assists her clients in Fannie Mae and Freddie Mac loan executions and in multifamily loan transactions financed and/or subsidized through U.S. Department of Housing and Urban Development (HUD) programs, including Section 202 financing and Section 8 subsidies.
Ms. Klein recently represented a national lender in a $14.9 million construction loan for the acquisition and rehabilitation of an 82-unit multifamily residential project located in the Bronx and designated as supportive housing. The project also involved financing and subsidies provided by the New York State Homeless Housing and Assistance Corporation, New York State Division of Homes and Community Renewal, and the New York City Department of Housing Preservation and Development (HPD).
Ms. Klein regularly provides legal assistance on a pro bono basis, including helping a religious institution acquire property for use as a Sunday school.