Mark Fawer

Overview

Mark Fawer is a partner in the Real Estate practice group at Greenspoon Marder. Mr. Fawer focuses his practice on the representation of institutional, fund and private capital sources in every aspect of senior and subordinate real estate financing and equity investment, including stretch senior, bridge and mezzanine lending, B-notes and preferred equity and joint venture investments, covering every major asset type, such as rental and for sale residential, hospitality, retail, office, student housing, mixed use and industrial properties. In his practice, Mr. Fawer has helped structure cutting edge financings and investments in some of the most challenging contexts.

In addition to his extensive financing practice, Mr. Fawer also counsels clients from “term sheet to closing” in most aspects of a wide range of other real estate transactions, including complex partnership, joint venture, and limited liability company operating agreements as well as the acquisition, development and disposition of properties locally and nationwide.

Bar Admissions

New York

Education

J.D., University of Pennsylvania Law School, 1986
B.A., University of Pennsylvania, magna cum laude, 1983

Experience

Representative Experience

Represents several national banks in making various construction and pre-development loans, including for a 276-unit multi-family and duplexes development in Maricopa County, AZ, an approximately 170,000 square foot office building and 352-unit apartment project in Las Vegas, NV, a 232-unit townhome development in Orange County, FL, a 502-bed student housing project in Gainesville, FL, a 326-unit multi-family project with 36,000 square feet of retail space in Doral, FL, an approximately 276,000 square foot multi-family project in Nassau County, NY and a 336-unit apartment project in Jersey, City, NY.
Represent various private equity funds in making construction and redevelopment loans, including most recently for a 118,000 square foot property in Philadelphia, PA, a 144,000 square foot student housing complex in Buffalo, NY, a nearly 57,000 square foot industrial property in Cambridge, MA, a 229-unit luxury apartment building in Houston, TX and a 43-unit residential condominium project in South Beach, FL.
Represent a private equity fund in joint venture to develop a combined 516-bed student housing complex in Tallahassee, FL, and a joint venture to develop a healthcare and life science office project in King of Prussia, PA.
Represent an Opportunity Zone fund in a joint venture for the ground-up development of a 377-unit apartment complex in Hackensack, NJ.
Represent a private equity fund in the acquisition of two discounted note purchases, one secured by a development site in Austin, TX and the other secured by a redevelopment assemblage in Long Beach, CA.
Representation of a private equity firm making an over $40 million mezzanine loan in connection with a substantial redevelopment of a major hotel and related amenities located in San Diego, California.
Representation of a REIT in connection with a $12,500,000 mezzanine loan financing part of the ground-up construction of an apartment complex in San Diego, California.
Representation of a life insurance company in connection with its purchase of a $35 million senior mezzanine loan on a luxury residential building in downtown Manhattan comprised of 573 units and its purchase of $100 million of B-notes secured by a major regional Midwest retail mall.
Representation of a life insurance company in connection with its purchase of a 378,547-square-foot office building in midtown Manhattan.
Represent an active subordinate lender in the making of a variety of mezzanine loans and preferred equity investments relating to residential, hospitality, student housing and mixed used properties throughout the United States, including: a preferred equity investment in a Miami hotel consisting of 129 hotel rooms and 292 residential units; a preferred equity investment in a rental residential complex in Washington State; several construction mezzanine loans financing rental and for sale residential, student housing and mixed use properties in Manhattan, Brooklyn, south Florida and the San Francisco bay area and hotels in Tennessee and California.
Representation of a private lender making mezzanine loans secured by development parcels in the Gowanus section of Brooklyn and in the South Bronx.
On behalf of a special servicer, closed the restructuring of a $330,000,000+ senior loan involving a new $25 million mezzanine facility, secured by a portfolio of 11 branded and independent hotels located in six different states. Complex pooling and servicing, intercreditor, cash management and hotel franchise issues were addressed and resolved.
Representation of the senior lender in the successful restructuring of a major multi-family portfolio in The Bronx, including cross-collateralization and establishment of new reserves, resulting in a subsequent full repayment of the loan.
Counsel to a New York City developer and its joint venture with a prominent real estate opportunity fund for the development of a mixed-use condominium project located at 110 Central Park North in Manhattan.
Representation of a publicly traded real estate investment trust, in connection with a lawsuit brought to protect the REIT’s $75 million mezzanine loan in a construction multi-use project located in Queens, New York. The lawsuit alleged that the project’s senior lenders (acting in concert with the borrowers) contravened an intercreditor agreement by impairing the value of the REITs investment (by amending the loan agreements without the REITs consent), and resulted in a settlement on terms favorable to the client.
Representation of the holder of a B-note in the workout of a $180 million construction loan for a luxury resort property, including negotiation of a forbearance agreement with the borrower and guarantor, which provided for the release of the guarantor after making certain payments, acceleration of the loan, and a proposed restructuring of the existing mezzanine loan, with attention to the characterization of advances for project cost overruns by the lenders, and the subsequent defense of the B-note holder’s rights after the occurrence of a “Control Appraisal Event” culminating in a successful buy-out of the client’s position by the senior lending group.
Representation of a European bank in its successful positioning of an “underwater” mezzanine loan covering a Miami resort and hotel condominium for subsequently sale by the bank to a borrower affiliate.
Representation of an opportunistic private real estate company in the purchase of a distressed mortgage loan and a mezzanine loan covering a development parcel on the High Line of Manhattan, the subsequent mortgage foreclosure action and the negotiated deed-in-lieu of foreclosure thereafter.
Representation of a retail mall developer in connection with modifying and extending nearly a billion dollars of securitized mortgage loans requiring extensive negotiations with special servicers and operating advisors.
Represented a private company in connection with the purchase from Equity Residential (and subsequent refinancing) of the Lexford portfolio of over 100 multi-family projects located in 11 states and comprising over 40,000 units.

Speaking Engagements

Moderator, “Appetites in a Changing Market: Discussions with Leading Lenders & Investors,” Commercial Observer New York Fall Finance Forum, November 20, 2024
Moderator, “Capitalizing on a Closing Window: Time-Sensitive Lending & Investment Opportunities,” Commercial Observer New York Spring Financing CRE Forum, May 7, 2024
Speaker, “Structuring Preferred Equity Investments in Real Estate Ventures: Impact of True Equity vs. Debt-Like Equity,” Strafford, December 19, 2023
Speaker, “Bridge Lending For Commercial Real Estate: Financing For Transitional Properties” Strafford CLE Webinar, July 21, 2021
Speaker, “Reimagining Commercial Space: A Forced Evolution,” GM Webinar, October 1, 2020
Speaker, “COVID-19: NY State and City Government Response & the Industry Impact,” CREFC, May 12, 2020
Speaker, “What Real Estate Lawyers Need to Know About Blockchain Technology to Stay Ahead of the Curve,” St. John’s University School of Law CLE Event, November 18, 2019
Moderator, “Security Tokenization for Real Estate Offerings,” CRE Finance Council After-Work Seminar, September 25, 2019
Speaker, “”Structuring Preferred Equity Investments in Real Estate Ventures: Impact of True Equity vs. “Debt-Like” Equity,” Strafford Webinar, August 15, 2019
Moderator, “State of the Market Discussion,” Chambers Forum: New York 2019, June 20, 2019
Speaker, “Cannabis Industry Real Estate Investment Opportunities,” High NY Cannabis Investment: Real Estate, Opportunity Zones & NYC, May 1, 2019
Moderator, “Financing Opportunity Zone Projects: Exploring the Nuances Among the Hoopla,” CRE Finance Council, February 28, 2019
Speaker, “Wall Street and the Capital Markets,” 36th Annual Cornell Real Estate Conference, October 19, 2018
Moderator, “Current Trends and Legislative and Regulatory Changes Affecting Construction and Development Real Estate Financing,” CRE Finance Council After Work Series, October 3, 2018
Moderator, “Looking to the Future with HVCRE and Basel III,” CRE Finance Council’s After-Work Seminar Series, November 15, 2017
Moderator, “Multifamily Maze,” Bisnow’s New York City State of the Market, New York, November 2, 2017
Speaker, “Real Estate Joint Ventures,” Strafford Publications CLE seminar/webinar, New York, March 1, 2017
Panelist, “Legal Challenges Posed by Unconventional Financing Structures,”Georgetown Law’s Hotel & Lodging Legal Summit Live Webcast, October 28, 2016
Moderator, Bisnow’s New York City State of the Market, New York, September 27, 2016
Moderator, “Debt Shark Tank: Evaluating Challenging Deals,” IMN’s 17th Annual US Real Estate Opportunity & Private Fund Investing Forum, June 14, 2016
Moderator, “Mid-Year Real Estate Lending Market Forecast ‘Partly Cloudy & Partly Sunny Skies Ahead,” CRE Finance Council’s After-Work Seminar Series, May 18, 2016
Moderator, “High Yield Lending Trends & the Latest Co-Lender Structures,” CRE Finance Council’s After-Work Seminar Series, November 18, 2015
Moderator, Bisnow’s New York City State of the Market, New York, October 22, 2015
Panelist, “Senior Debt Deals & Structures,” IMN’s 16th Annual US Real Estate Opportunity & Private Fund Investing Forum, June 16, 2015
Moderator, Bisnow’s 6th Annual NYC Capital Markets Summit, New York, May 28, 2015
Moderator, “View from the Top,” Bisnow NY State of the Market, New York, October 29, 2014
Moderator, “Full Spectrum of Financing Alternatives: Preferred Equity, Mezzanine Loans, Construction/Transitional and Permanent Senior Loans,” EisnerAmper Real Estate Private Equity Summit, New York, October 1, 2014
Moderator, “New Mezz Loan Origination/Borrowing,” 15th Annual US Real Estate Opportunity & Private Fund Forum, New York, June 12, 2014
Speaker, “Structuring and Enforcing Real Estate Mezzanine Intercreditor and B Note Agreements: Latest Developments,” Strafford Publications Webinar, New York, April 24, 2014
Moderator, “Understanding the Debt Side of the Equation — How are Investors Borrowing Today?” EisnerAmper Real Estate Private Equity Summit, New York, September 24, 2013
Moderator, “Buying Within the Capital Structure: Sub Debt, Mezz & CMBS,” IMN US Real Estate Opportunity & Private Fund Investing Forum, New York, May 29, 2013
Speaker, “Real Estate Mezzanine Intercreditor Agreements and Participation Agreements: Latest Lessons from Workouts and Bankruptcies on Structure, Enforceability and Remedies,” Strafford Publications Webinar, New York, April 25, 2013
Speaker, “Mezzanine Intercreditor Agreements and Participation Agreements in Real Estate: Lessons from Workouts and Bankruptcies on Structure, Enforceability and Remedies,” Strafford Publications Webinar, New York, June 14, 2012
Moderator, “New Mezz Origination: How Much is it Costing to Fill the Debt Gap?,” IMN US Real Estate Opportunity & Private Fund Investing Forum, New York, May 31, 2012

Professional and Community Involvement

CRE Finance Council, Voting Member
New York State Bar Association,
- Real Property Law Section, Member
- Committee on Real Estate Financing , Member

Awards Publications

Publications

Co-Author, “Security Tokenization and Real Estate: How Blockchain Is Changing Property Investing,” New York Real Estate Journal, July 16, 2019
Published, “Opportunity Zones: Pitfalls for CRE Lenders and Borrowers,” GlobeSt.com, June 27, 2019
Co-Author, “Sect. 1031 Exchanges: Private Letter Ruling Offers Underwater Real Estate a Buoy,” Bloomberg Real Estate Law and Industry Report, May 28, 2013
Co-Author, “Conflicting Decisions Cause Uncertainty (and Opportunity) in Confirming Plans in Multi-Debtor Cases”, Bloomberg Real Estate Law and Industry Report, February 19, 2013
Co-Author, “Intercreditor Agreements 2.0: Lessons Learned in the ‘Tranches’,” New York Law Journal, November 21, 2011

In The News

Mentioned, “Fall Finance Forum 2024: CRE Set For Capital Boost in 2025,” Commercial Observer, November 22, 2024
Quoted, “Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers.” The Wall Street Journal, April 27, 2023
Quoted, “Developer Scores $100M Loan For 20-Acre Okla. City Project,” Law360, October 26, 2022
Quoted, “These Real Estate Players Are Ready For Market Headwinds,” Law360, October 18, 2022
Quoted, “The Best Of Times, The Worst Of Times: RE Attys Amid Crises,” Law360, July 11, 2022
Quoted, “The Delta Variant is on the Move So How Confident Is CRE Now in the Recovery?” GlobeSt, July 16, 2021
Quoted, “NY Real Estate Regulations To Watch In The 2nd Half Of 2021” Law360, July 1, 2021
Quoted, “Banks’ Biggest CRE Headache: A Dearth of Originations,” American Banker, June 14, 2021
Quoted, “3 Areas Of Real Estate To Watch In 2021” Law360, January 3, 2021
Quoted, “Construction Lenders Under Pressure But Still Closing Deals,” S&P Global Market Intelligence, April 2, 2020
Quoted, “4 COVID-19 Questions Clients Are Asking Real Estate Lawyers,” Law360, March 30, 2020
Quoted, “Real Estate Trends To Watch In 2020,” Law360, January 1, 2020
Featured, “The Office Buildings That Will Excel In 2020,” Globest.com, December 13, 2019
Quoted, “2020 On Track To Be A Tale Of Two Markets,” Globest.com, December 9, 2019
Quoted, “3 Things Mall Owners Must Consider Before Repurposing,” Law360, November 27, 2019
Quoted, “Tokenization Opens New Vistas for CRE Investors,” Globest.com, September 3, 2019
Quoted, “Tower of Terra: Dan Cooperman’s Platform is Expanding Its Footprint,” Commercial Observer, July 23, 2019
Quoted, “Industry Disruptor: Blockchain Tokenization Explained,” Globest.com, July 16, 2019
Quoted, “Latest Retail Rent Control Bill Concerns Market Advocates,” Real Estate Weekly, September 26, 2018
Quoted, “Fall Elections Could Impede Deregulatory Push,” Commercial Mortgage Alert, August 17, 2018
Mentioned, “Who’s New,” Real Estate Weekly, July 26, 2018
Featured, “3 Attorneys Jump to Greenspoon Marder’s Real Estate Practice,” Daily Business Review, July 10, 2018
Mentioned, “Wake Up Call,” Bloomberg Law, July 10, 2018
Quoted, “Financing Is Getting Tight, but It Depends Heavily on Which Asset Class,” Bisnow, May 11, 2016
Quoted, “Nonbank Lenders Assuaging Real Estate Finance Woes,” Law360, January 23, 2014
Quoted, “Hotel CMBS Flowing, But Lenders Stay Tough In Negotiations,” Law360, October 15, 2013
Quoted, “New Cherryland Twist May Plague Real Estate Deals Nationwide,” Law360, April 23, 2013
Quoted, “Las Vegas Marriott CMBS ‘Tranche Warfare’ Case Settled,” The Wall Street Journal, March 14, 2013
Quoted, “Recovery For Manhattan Office Market Uncertain,” Law360, February 11, 2013
Interviewed, “Rising Commercial Real Estate Delinquencies: Opportunity or Crisis?,” Bloomberg Law, October 12, 2012
Quoted, “Developers Turn To Mezzanine Financing Carries Some Risk,” Law360, July 24, 2012

News & Videos

News

Videos

Webinar: Reimagining Commercial Space: A Forced Evolution