Steven M. Herman

Partner at Cadwalader, Wickersham & Taft LLP

Steven M. Herman

Steven M. Herman

Partner at Cadwalader, Wickersham & Taft LLP

Biography

Steven Herman concentrates his practice in the areas of real estate finance, development, joint ventures, acquisitions, dispositions, commercial leasing, restructurings, workouts, and commercial mortgage securitizations. His work ranges from single- and multiple-asset negotiated and auction transactions to highly structured transactions that span all segments of the marketplace, including office, hotel, retail, multifamily, mixed-use healthcare, and industrial facilities. Steve's clients include investment banks, commercial banks, developers, investors, partners, lenders, owners, fund managers, borrowers, tenants, landlords, issuers and underwriters.

He is the author of "Is Your Default Foreclosable?" (New York Law Journal, November 19, 2012) and "Delaware Bankruptcy Court Decides Who Is Master of a Master Lease" (New York Law Journal, February 4, 2009), and co-authored "Draw on Letter of Credit Has Same Effect As Cash Forfeiture" (The Bankruptcy Strategist, June 1, 2004), "Landlords Beware: Limits on the Usefulness of Letters of Credit" (New York Law Journal, May 12, 2004) and "Right of First Refusal Provisions Require Prudence in Drafting" (New York Law Journal, March 25, 2002). Steven has been recognized as a leading lawyer in Euromoney’s Guide to the World’s Leading Banking & Finance Experts, IFLR1000, The Best Lawyers in America and Super Lawyers.

Steve received his J.D. from Brooklyn Law School and his B.A., with high honors, from Hobart College. He is admitted to practice in the State of New York.

Experience



Steven's experience includes the representation of:

* An investment bank as lender in a $940 million mortgage and mezzanine financing (with three layers of mezzanine debt) to refinance existing debt on a portfolio of 167 skilled nursing facilities operated by Sava SeniorCare in 19 states throughout the United States.
* A commercial bank as administrative agent and lead arranger in a $200 million syndicated construction loan for the development of a 278-unit luxury condominium tower located at 550 Vanderbilt Avenue in Brooklyn, New York as part of the Pacific Park Atlantic Yards project.
* An investment bank as lender in a $105 million mortgage and mezzanine financing secured by 16 skilled nursing and assisted living facilities operated by Sava SeniorCare in nine states throughout the United States.
* A commercial bank as administrative agent, lender and lead arranger in a $325 million mortgage loan secured by the Sotheby's headquarters building in New York City.
* A commercial bank as administrative agent and lender in a $146.7 million construction loan to fund the development of a mixed-use complex located at 700 Pennsylvania Avenue in Washington, D.C.
* A commercial bank as administrative agent and lender in a $143 million construction loan to finance a condominium conversion of the upper portion of the Woolworth Building.
* An investment bank as lender in a $310 million mortgage and mezzanine financing secured by the Crowne Plaza Times Square in New York City.
* A commercial REIT as lender in a $450 million mortgage loan secured by one of the largest privately-owned residential communities in the United States.
* A commercial bank as administrative agent and lender in a $195 million construction loan to finance the condominium and hotel conversion of the historic Temple Court Building in New York City, to be renamed Beekman Hotel and Beekman Residences. The transaction also included a historic tax credit component.
* A commercial bank as administrative agent and lender in a $280 million syndicated construction loan to finance a mixed-use condominium project at 50 United Nations Plaza in New York City.
* A commercial bank as administrative agent and lender in a $575 million mortgage loan secured by Two Penn Plaza in New York City.
* An investment bank in the origination of a $4.6 billion mortgage and mezzanine loan (with seven layers of mezzanine debt) secured by approximately 375 health-care facilities in connection with a public-to-private transaction.
* An investment bank in the origination of a $1.2 billion mortgage loan and mezzanine loans aggregating $200 million secured by approximately 260 healthcare facilities in connection with a public-to-private transaction.
* An investment bank in the origination of two partially crossed mortgage and multiple-layer mezzanine loans aggregating $1.05 billion secured by approximately 200 healthcare facilities.
* An investment bank in the origination of an $820 million mortgage loan and a $98.6 million mezzanine loan secured by approximately 200 healthcare properties, including a master lease structure and account receivable financing intercreditor arrangements in connection with a public-to-private transaction.
* Multiple investment banks in the origination of three simultaneous loans aggregating approximately $1 billion secured by approximately 50 cold storage facilities.
* A commercial bank in the origination of a $455 million syndicated fee and leasehold mortgage loan secured by The Empire State Building, including complex structures to accommodate the observation deck and diverse ownership structure.
* An investment bank in the origination of a $950 million single-asset securitized mortgage loan secured by 1290 Avenue of the Americas in New York City.
* A commercial bank in the origination of a $525 million syndicated mortgage loan secured by the Waldorf Astoria Hotel in New York City.
* A commercial bank as administrative agent and lender in a $90 million mortgage loan secured by Fairfax Square, a mixed-use property in Vienna, Virginia.
* A commercial bank as administrative agent and lender in a $68 million mortgage loan secured by the CitizenM Times Square, a boutique hotel in the theatre district of New York City.
* A commercial bank as administrative agent and lead arranger in a $70 million construction loan to finance the development of a CitizenM Hotel in the Bowery neighborhood of New York City.
* A commercial bank as administrative agent and lender in a $116.5 million mortgage loan secured by Highland Park, a mixed-use complex in Washington, D.C.
* A commercial bank as administrative agent and lender in a $166.5 million construction loan secured by the Shepherd House in the West Village neighborhood of New York City.
* A commercial bank in the origination of a $41 million syndicated mortgage loan for the acquisition of the upper portion of the Woolworth Building in New York City.
* A commercial bank in the origination of a $425 million syndicated mortgage loan secured by 2 Penn Plaza in New York City.
* An investment bank in the origination of a $450 million single-asset securitized mortgage loan secured by 11 Penn Plaza in New York City.
* An investment bank in the origination of a $550 million mortgage loan secured by a super-regional mall.
* Various investment funds in connection with the purchase of numerous mezzanine loans, B notes, and participations across all asset classes aggregating multiple billions.
* An investment bank in the origination of a $100 million securitized mortgage loan secured by a regional mall.
* A commercial bank in the origination of a $150 million syndicated mortgage loan secured by five luxury hotels.
* An investment bank in the origination of a $250 million securitized loan secured by One Park Avenue in New York City.
* A commercial bank in the origination of a $200 million syndicated mortgage loan secured by the Crown Building in New York City.
* A commercial bank in the origination of a $145 million syndicated mortgage loan secured by an office building in Washington, D.C.
* An investment bank in the origination of a $54 million securitized mortgage loan secured by a mixed-use building in Washington, D.C.
* An investment bank in the origination of a $250 million securitized mortgage loan secured by 50 assisted living facilities in a public to private acquisition which implemented an opco/propco

Overview
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510

Number of Awards

2

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Partner at Cadwalader, Wickersham & Taft LLP

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Co-Chair, Corporate Group at Cadwalader, Wickersham & Taft LLP

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Co-Chair, Capital Markets Group at Cadwalader, Wickersham & Taft LLP

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Partner at Cadwalader, Wickersham & Taft LLP

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Partner at Cadwalader, Wickersham & Taft LLP

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Partner at Cadwalader, Wickersham & Taft LLP

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Partner at Cadwalader, Wickersham & Taft LLP

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Partner at Cadwalader, Wickersham & Taft LLP

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Co-Chairman, Capital Markets Group at Cadwalader, Wickersham & Taft LLP

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Partner at Cadwalader, Wickersham & Taft LLP

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Steven M. Herman
Partner at Cadwalader, Wickersham & Taft LLP
Education
JD
Class of 1985

Brooklyn Law School (BLS) is a law school founded in 1901. It is located in Brooklyn Heights, New York City, in the United States, and has approximately 1,400 students.Brooklyn Law School’s faculty includes 64 full-time professors, 6 emeriti faculty, and a number of adjunct faculty, many of whom are preeminent legal scholars.

BA with High Honors
Class of 1982

HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE.

Career History
Partner
Current

Cadwalader, Wickersham & Taft LLP has put over 200 years of legal experience and innovation to work today. As one of the world's most prominent financial services law firms, they have long-standing client relationships with premier financial institutions, Fortune 500 companies and other leading corporations, government entities, charitable and health care organizations, and individual private clients.

Political Donations
$250
2008

Former President of United States

$250
2008

Former Senator from New York

Transactions
Details Hidden

Johnson & Johnson purchases Pfizer, Inc. /Consumer Healthcare Business from Pfizer, Inc.

Awards & Honors
Admitted to the New Jersey Bar
Admitted to the New York Bar
Other Affiliations

Steven M. Herman is affiliated with Cadwalader, Wickersham & Taft LLP

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