Our People
Peter S. Saad
Our People
Biography
News & Publications
Representative Matters
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Represented a regional bank in connection with a $88,374,000 commercial leasehold mortgage loan to an entity providing student housing for a college in New Jersey, and the negotiation and sale of participation interests in the loan to two financial institutions.
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Represented a local bank in providing a $42,000,000 commercial mortgage loan and $13,000,000 letter of credit loan facility to a New York based non-profit entity.
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Represented a national bank providing a $37,000,000 construction loan for the development of a speculative warehouse and distribution building containing over 195,000 rentable square feet.
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Represented a commercial lender in connection with a $30,000,000 commercial mortgage loan and $20,085,000 commercial mortgage loan to a national real estate investor for the acquisition of industrial and retail properties in Virginia, Illinois, and Florida, all occupied by class A national tenants.
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Represented a commercial lender in providing a $20.1 million construction loan to a non-profit entity offering a continuum of senior living, short term rehabilitation, and mental health services to the community, the negotiation of a forward bond purchase agreement, and the subsequent purchase of tax-exempt bonds issued by the New Jersey Housing and Mortgage Finance Agency.
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Represented a commercial lender providing a $23,500,000 commercial mortgage loan to a local investor acquiring a portfolio of ten multi-family properties throughout New Jersey.
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Represented a national bank in connection with a $18,000,000 term loan and $3,500,000 revolving line of credit secured by business assets.
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Provided advisory services to various financial institutions in connection with their purchase of participation interests in numerous syndicated loan facilities exceeding $1,000,000,000 in aggregate value.
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Represented a regional bank in the sale of retail branch locations and REO properties throughout New Jersey.
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Successfully represented commercial lenders in numerous commercial foreclosure actions and related commercial note and guaranty actions.