As an attorney in the Real Estate and Financial Services Departments, Michael M. Goss represents banks on commercial loans and drafts documentation to memorialize the loan transactions. Michael’s practice also focuses on transactional matters involving buying and selling real estate, leasing of real estate and development. He assists clients forming business entities, advising business entities and handling mergers, acquisitions, and sales of business entities.
Prior to joining Zarwin Baum, Michael practiced 40 years at the law firm of Weinstein Goss, a firm that he co-founded and managed for many years. As a former managing partner, his responsibilities included all aspects of managing a professional service organization, the day to day operations, and the strategic planning.
Michael has served on the Pennsylvania Supreme Court Disciplinary Committee as a hearing officer and Chair of a Hearing Panel. He has advised attorneys on ethics, malpractice and firm management as well as lectured and written articles in those areas. Michael has served in a number of capacities for the Philadelphia Bar Association, including the Board of Governors, Chair of the Mid-Sized Law Firm Management Committee and Chair of the Real Property Section.
Michael believes strongly in giving back to the community. He led his prior firm's pro bono program, which won numerous awards for its service. In addition, he currently serves as a volunteer for PVLA and as a Judge Pro Tempore in the mortgage foreclosure conciliation program.
Michael is listed in numerous editions of Who's Who and has been selected for inclusion in "Super Lawyers" by Philadelphia Magazine in the real estate and corporate fields. In 2010, he was listed in the real estate "Leaders in Law " supplement of the Philadelphia Business Journal. Michael is AV rated by Martindale Hubbel.
Michael is assisting a real estate developer of a shopping center in negotiating with potential tenants and in drafting of the tenant leases.
Michael has assisted numerous business entities in obtaining of financing for their business cash requirements.
Reduced real estate tax assessment for an apartment complex located in Berks County, PA. Owner had acquired the complex and then developed the complex as condo units. Due to the downturn of the economy, most of the units could not be sold and were retained by the owner/developer. Successfully reduced taxes on each unit in excess of 20%.
Represented banks in their disposal of non performing loan portfolios.
Represented professionals in ethical issues and the avoidance of professional negligence.
Represented a lender in closing two construction loans totaling over $40,000,000 for construction of two mixed use retail and residential projects in New Jersey.
Handled the sale of an industrial complex that had a mortgage that could not prepaid. He was able to structure the transaction as a defeasance of the mortgage and was able to have the lender agree to substitute securities that would generate the monthly payment made by the mortgage and release its lien of the mortgage so that the buyer could take conveyance of the property free of the mortgage. The defeasance involved working with numerous other parties, including the servicer, intermediary, trustee, and successor borrower.
Represented two minority shareholders in terminating their relationship with their company, spinning off some of the assets into their new company and in organizing their start up company to market those assets and associated technology.
Successfully represented an individual in acquiring 68 gas station/convenience stores and in subleasing the stations to single station operators.
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