Brett Hoffman

Commercial Mortgage Lending and Finance Expertise

Mr. Hoffman’s practice focuses on representing institutional lenders in connection with the origination of mortgage loans secured by multi-family, mixed-use, retail, commercial and industrial properties primarily in New York, New Jersey and Connecticut. Mr. Hoffman routinely represents lenders in connection with interest rate hedging transactions, leasehold mortgages, construction and project loans, co-op and other UCC secured loans, unsecured loans and lines of credit, loan participation and intercreditor agreements and the sale of defaulted loans and loan portfolios.  Mr. Hoffman also acts as local New York and New Jersey counsel to out-of-state lenders and law firms in connection with the intricacies of lending in New York and New Jersey.

Real Estate Acquisition and Disposition Experience

Mr. Hoffman has additional experience representing clients in connection with the acquisition and disposition of commercial properties, development site assemblages and related §1031 transactions.

Representative Transactions

• Counsel to institutional lenders in connection with:
  • $82,000,000 mortgage loan secured by a Manhattan office building
  • $77,000,000 mortgage loan secured by a multi-family building in Manhattan
  • $55,200,000 loan secured by a leasehold mortgage on a commercial building in Manhattan
  • $46,000,000 mortgage loan secured by an office building in New Jersey
  • $91,825,000 portfolio of 19 mortgage loans secured by multi-family assets in New York City
  • $209,000,000 mortgage loan secured by 53 separate mortgages on multi-family properties in New York City
  • Representation of Senior Lender in connection with origination of loans totaling $30,000,000 and sale of participation interests therein to a REIT
  • Representation of senior lenders and negotiation of intercreditor agreements with mezzanine lenders and preferred equity investors
  • Representation of lead lender and subsequent sale of participation interests to institutional lenders
  • Sale of defaulted 14 loan portfolio
  • Senior, Building and Project Loans to acquire and develop homeless shelters in New York City
• Counsel to non-institutional lenders in connection with acquisition and bridge loans
• Counsel to a purchaser of an $18,000,000 mixed-use building in Manhattan
• Counsel to a purchaser of a $4,500,000 purchase of a Florida property triple net leased to a national pharmacy

Prior Experience

Prior to joining Federman Steifman LLP, Mr. Hoffman was associated with a boutique law firm in New York focused upon all aspects of commercial mortgage lending for many of New York’s largest institutional lenders.