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Heather Horowitz

Partner
New York
About

Heather Horowitz focuses her practice on commercial real estate finance. She guides investment banks, private equity funds, in-bound overseas investors, and other institutional lenders through the origination and/or acquisition, disposition, and restructuring of mortgage and mezzanine construction, bridge, balance sheet, and securitized loans secured by various asset classes throughout North America. Heather represents lender interests across the capital stack and has extensive experience in the drafting and negotiation of co-lending and intercreditor agreements. Additionally, Heather has significant experience advising lenders and investors with the financing and refinancing of loan facilities secured by hospitality and lodging portfolios. Heather also has significant experience with construction lending.

Areas of FocusReal EstateFinanceFinancial Services
Bar admissionsNew YorkNew Jersey

EXPERIENCE

  • Represented the New York Branch of a Japanese investment bank in connection with originating a US$114M construction loan to a subsidiary of the Rockefeller Group.  The loan is secured by a two-property industrial development in southern New Jersey.
  • Originated a US$135M Construction Loan for a Japanese investment bank operating through its New York branch in connection with the construction of a multi-family development in Fort Lauderdale, Florida.  The project consists of a 36-story apartment building with approximately 380 luxury units, 2,757 rentable square feet of retail space. Borrower is a joint venture between Mitsui Fudosan America and The Hanover Company.
  • Represented a Japanese bank originating a Construction Loan in the original principal amount of US$130,412,495.  The Loan is secured by an interest in the Buffalo Bayou multi-family development in Houston, Harris County, Texas.  The project consisted of an approximately 404,000 rentable square foot tower with 317 luxury residential units and approximately 4,829 rentable square feet of commercial space with over 500 parking spaces and is part of a larger lifestyle development helmed by the Hanover development team. Sponsor was a joint venture between Mitsui Fudosan America and The Hanover Company.
  • Represented a major national bank with the US$225 million refinance of the New York Palace hotel, a project that included ground lease and real estate investment trust (REIT) structure issues.
  • Represented an international pension plan with a US$75 million upsizing and restructuring of an existing facility secured by retail and entertainment complexes in the US and Canada.
  • Represented an investment bank with a US$60 million portfolio loan to be secured by three office buildings and three parking garages located in Los Angeles.
  • Represented an investment bank originating a US$60 million mezzanine loan to be secured by a pledge of membership interests in the owner of a hotel and convention center space located in New Orleans, Louisiana.
  • Represented an international investment bank with the origination of a US$62.5 million financing secured by a ground leasehold interest within the Stanford Research Park in Silicon Valley. 
  • Represented a major investment bank originating a construction loan for an office building located in Silicon Valley.
  • Represented an international investment bank in the origination of a US$150 million unsecured credit facility to a real estate investment fund.
  • Represented a German investment bank in a US$90 million financing of a Hyatt Regency property located in Phoenix and the financing of a two-hotel portfolio with properties located in Nashville, Tennessee and Princeton, New Jersey.
  • Represented an international investment bank with the US$150 million financing of the Atlanta Financial Center.
  • Represented an international investment bank with the origination of a US$75 million financing secured by a resort property located within the Golden Gate National Recreation Area, a transaction that included a ground lease with the National Park Service.
  • Represented an international investment bank with the origination and securitization of a US$650 million financing secured by a three-building tech campus in Sunnyvale, California, a transaction that included a senior and mezzanine component and significant leasing issues.
  • Represented an international investment bank with a US$38 million financing of a residential property in Portland, Oregon.
  • Represented an international investment bank with the origination of a US$114 million construction loan in connection with an industrial property in New Jersey.
Education

  • J.D., Cornell Law School
    Managing Editor, Journal of Law and Public Policy

  • B.A., Cornell University

Publications and media

  • Co-Author, "NY C-PACE: Local Law 96, Local Law 97, and how C-PACE May Be Coming Into Its Own," New York Law Journal, June 19, 2023
  • Co-Author, "Manhattan Commercial Revitalization Program (M-CORE) Launched to Transform Aging Buildings," JD Supra, June 14, 2023
  • Author, "COVID-19: The COVID-19 Emergency and Eviction Foreclosure and Prevention Act of 2020," JD Supra, January 11, 2021
  • Co-author, "We Can Work It Out – A Pre-Negotiation Letter Agreement Primer," ABA RPTE eReport, 2020 Fall Issue, December 4, 2020
  • Author, "COVID-19: Real Estate – The Revival of the New York Pied-À-Terre Tax," JD Supra, August 25, 2020
  • Author, "Tips For Prenegotiation Letter Agreements In Loan Workouts," Law360, June 19, 2020

Seminars

  • Speaker, "Upside Down: Exit Strategies and Negotiation Tips When "Handing Back the Keys" may be in the Cards," American Bar Association, Section of Real Property, Trusts and Estate Law 2024 National CLE Conference, May 2024
  • Presenter, "Trouble at the Park Hotel: The Fictional Challenges of a Luxury Hotel Struggling to Stay Afloat and Avoid Foreclosure During a Global Pandemic," American Bar Association 33rd Annual Real Property, Trust, and Estate Law Section Conference, April 2021
  • Speaker, "Not all Lenders Are the Same: What is a Nonbank Lender and What Difference Does It Make Anyway?," American Bar Association 33rd Annual Real Property, Trust, and Estate Law Section Conference, April 2021
  • Speaker, "Distressed Real Estate and Loan Work Outs – Nuts and Bolts on Navigating Forbearance Negotiation and More," American Bar Association CLE, February 2021

Media Mentions

  • Quoted, "3 Major Trends That Defined Real Estate in 2023," Law360, December 13, 2023

Prior Experience

Prior to joining the firm, Heather served as partner at an international law firm where she gained extensive experience representing in-bound foreign investors as well as institutional clients in financing transactions, including senior and mezzanine lending, construction lending, and preferred equity arrangements.

Memberships and Affiliations

  • Member, New York State Bar Association, Real Property Law Section
  • Member, American Bar Association, Section of Real Property, Trust & Estate Law – Vice-Chair of the Workouts, Foreclosure and Bankruptcy Committee within the Real Estate Financing Group

My latest insights

News

DLA Piper expands its Real Estate Practice in key markets with the addition of partners...

29 May 2024 .3 minute read

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+1 212 335 4790
(Work, New York)
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