Since joining the firm in 1993, Mr. Weissburg has represented borrowers and lenders in all facets of real estate finance, including with regard to loan facilities for real estate developers, mezzanine loans, acquisition loans, conduit loans, refinances, workouts and bankruptcies. Mr. Weissburg's experience also ranges over several different types of property products, including raw land, retail, single and multi-family residence and hotels.

Mr. Weissburg has extensive experience representing Heller Financial in loan originations and workouts (both real estate secured and mezzanine). He actively represents Mass Mutual in mezzanine loan transactions. Mr. Weissburg also represents a fund formed to invest in mezzanine loans.

Mr. Weissburg has substantial experience in securitized loan origination transactions as well. GE Franchise and CS First Boston are the two most prominent conduit lenders Mr. Weissburg has actively represented. He leads the firm's team in representing GE Franchise on its loan portfolio, which includes securitized and standard portfolio loans.

Since 1994, Mr. Weissburg has been a member of Cox, Castle & Nicholson LLP's Pacific Rim Group. Working in this group, Mr. Weissburg has concentrated on bridging the cultural divide between East and West and on using his expertise for the benefit of primarily East Asian lenders and borrowers. From 1994-1996, Mr. Weissburg was on the Board of Directors of the Pacific Resources Conference, a major real estate conference which matches Pacific Rim capital sources with California builders and owners of real estate.

Mr. Weissburg is a 1990 Order of Coif graduate of the Law Center at the University of Southern California, where he was a member and board member of the law review. Mr. Weissburg attended the University of California at Berkeley, where he graduated with an A.B. in Physics and Astronomy.

Ms. Dreyfus' practice focuses on the financing of commercial properties. Ms. Dreyfus represents both borrowers and lenders in all types of real estate finance transactions including acquisition, disposition, construction financing, mezzanine financing and sale leaseback transactions. Ms. Dreyfus has also represented lenders in large multistate transactions.

Ms. Dreyfus graduated from the University of Arizona in 1995 (Cum Laude) with a Bachelor of Science in Marketing. In 1998 Ms. Dreyfus received her Juris Doctor from The Ohio State University College of Law. Ms. Dreyfus was an associate editor of the Ohio State Journal on Dispute Resolution.

is a real estate and finance partner in the New York office of the international law firm of Latham & Watkins LLP. He has published extensively on commercial lending and commercial leasing, including a number of papers in Briefings in Real Estate Finance, and four books.

Keywords

multi-state finance • real estate finance

Abstract

Lenders undertaking multi-state finance transactions need to be aware of the impact of the various states' laws on documentation, structure, the lender's rights and its remedies. Thoughtful analysis of these issues can help the lender avoid the legal pitfalls of such transactions.