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Zarwin Baum Attorneys Represent a National Lender in a $42 Million Loan

Kenneth Fleisher and Scott Goldstein represented a national financial institution in a $42,000,000 mortgage loan modification and consolidation for a Philadelphia hotel property controlled by a national hospitality REIT.  Working with the lender, Ken and Scott navigated the complexities of consolidating and restructuring new and existing mortgage debt and modifying the loan, including an interest rate swap, to meet lender standards for current market conditions.  The restructured loan allows the property owner to achieve an efficient and effective return of capital.  

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