Eric J. Berardi

Partner,

Clients dealing with distressed real estate loans and the disposition of commercial real estate turn to Eric for strategic counsel and guidance.

Represented a special servicer on an A/B loan modification for a $127+ million CMBS loan secured by an office tower in Chicago.
Represented a federal receiver and CMBS special servicer on the sales of six franchised hotels in five states for $52 million in the aggregate in satisfaction of a specially serviced CMBS loan.
Represented a joint venture on the sale of a portfolio of apartment complexes in Georgia for $106 million, with a portion of the purchase price based on the assumption of the three existing Freddie Mac loans.
Represented an institutional equity fund on the sale of a $147 million office building in California.
Represented an institutional debt fund on the acquisition of a portfolio of 22 loans with a principal balance of $153 million secured by 26 hotels and movie theaters across 11 states.
Represented a special servicer on the restructuring of a $29 million co-op loan secured by a co-op in Brooklyn.
Represented an institutional equity fund on the sale of a $130 million office building in Connecticut, with a portion of the sales price based on the assumption of the existing CMBS loan.
Represented an institutional equity fund on the sale of a $214 million apartment complex in California.
Represented an institutional debt fund on the acquisition of a $41 million mezzanine loan secured by a hotel in New York City.
Represented a special servicer on a deed-in-lieu of foreclosure for a unionized New York City hotel securing a $92 million CMBS loan.