Steven J. Weinstein

Steven J. Weinstein
Boston and New York Offices
617-880-3503
617-692-3503 fax
sweinstein@riemerlaw.com

Steve is the chairperson of the banking and finance practice area and is a member of the firm's executive committee. Steve also established our New York office and spends a substantial amount of his time in New York actively involved in our New York real estate finance practice. He focuses on the representation of lenders in real estate finance transactions and the resolution of problem loans, and developers in commercial real estate transactions. Steve regularly handles a broad range of lending transactions for institutional clients, working directly on all aspects of the transaction or playing a key role in supervising other attorneys in this practice. He also has substantial experience in the representation of financial institutions in loan workouts and restructurings, acquired through over three decades of handling such matters during the periodic economic downturns of the late 1980's, 1990’s and 2000’s. Much of his work centers on the representation of the agent in multi-lender real estate finance, real-estate portfolio finance, and mezzanine finance transactions on a national, local, and regional level. This has proven to be particularly valuable as the market grapples with the impact of multiple lenders and multiple tiers of financing in workout transactions.

Steve has participated as a speaker and moderator at seminars sponsored by the Real Estate Finance Association, the National Association of Industrial and Office Properties, Information Management Network, Massachusetts Continuing Legal Education, Inc., and the International Council of Shopping Centers. He has served in many capacities for Temple Aliyah in Needham, Massachusetts, including chairperson of the building committee responsible for the construction of the Temple's new facility. He also serves as a member of the Board of Trustees of the Hebrew Senior Life, and was on the subcommittee for the development of its new 160 acre campus. Steve is a member of the Board of Advocates of Bay Cove Human Services and plays an active role with United Way, where he was a committee member for many years for the annual Real Estate Leadership Breakfast.

Representative Transactions

  • Representation of the agent in a $1.25 billion dollar multi-lender loan comprised of direct purchase bonds and conventional financing for the construction of three residential towers on the west side of midtown Manhattan
  • Representation of the agent and the lenders in the restructuring as part of a bankruptcy proceeding of a $1.5 billion dollar real estate facility secured by a portfolio of regional shopping malls and other real estate properties
  • Representation of the lender in the restructuring and sale of a $300 million acquisition and renovation loan in connection with a luxury residential condominium project in Manhattan
  • Representation of the agent in a $225 million multi-lender loan involving the construction of a hotel, residential, and retail project in Boston
  • Representation of the agent in a $96 million multi-lender loan involving the construction of the infrastructure for a residential, office, and retail project in the Washington DC area
  • Representation of the agent in a $312 million multi-lender loan involving the construction of a biotech research facility in the Boston area
  • Representation of the agent in a $525 million multi-lender senior portfolio facility to assist in the restructuring of a national real estate holding company with approximately 250 properties
  • Representation of the agent in a $250 million multi-lender loan involving the construction of a biotech building in the Cambridge, Massachusetts area
  • Representation of the lender in a $8.6 million, mezzanine loan to assist in the construction of a luxury condominium project in Manhattan
  • Representation of the developer of a multi-lot more than 750,000 square foot office project in Burlington, Massachusetts, including in connection with the acquisition, permitting, environmental remediation, subdivision, acquisition and construction financing, leasing, and sale of the property

Affiliations

American Bar Association
International Council of Shopping Centers
Massachusetts Bar Association
National Association of Industrial and Office Properties
New York State Bar Association
Real Estate Board of New York
Real Estate Finance Association (Massachusetts)

Admissions

Commonwealth of Massachusetts
U.S. District Court, District of Massachusetts
State of New York

Education

Boston University School of Law, J.D., 1975
Brown University, B.A., 1972