PRACTICES

OVERVIEW

Steven Coury concentrates on highly structured real estate finance and capital markets transactions, general real estate law and corporate matters. His real estate finance practice includes representing lenders and borrowers in CMBS origination and securitization, balance sheet lending, mezzanine lending, preferred equity investments, hard money lending, EB-5 lending, agency loans, and real estate debt secondary markets transactions (loan and participation sales and purchases) and debt syndications. In connection with real estate financing, Steven routinely represents clients in negotiating intercreditor agreements, co-lender agreements and participation agreements, as well as workouts, foreclosures and restructurings.

As part of his general real estate practice, Steven represents real estate investors, developers, landlords and tenants in real property acquisitions and assemblages, dispositions, financing, leasing and subleasing in all asset classes (including hospitality, office, retail, multifamily and residential). As part of this practice, Steven frequently represents joint venture partners in negotiating joint venture agreements. He also represents clients in sale/leaseback transactions, master leases, ground leases, REIT based transactions, and is experienced in Sharia law compliance. 

Steven's corporate law experience includes representing clients on corporate acquisitions/M&A matters and general corporate law (including company formation, operating agreements, and joint venture agreements). Steven also routinely issues legal opinions, including nonconsolidation opinions, Delaware bankruptcy law opinions and state law enforceability opinions.

Steven creates long-lasting relationships with his clients through creative legal solutions and a deep understanding of his clients’ business objectives. He has represented and advised major institutions, including Brookfield Asset Management, Penn National Gaming, The Georgetown Company, John Hancock Life Insurance Company, Walker & Dunlop, Deutsche Bank, Cantor Fitzgerald, Hunt Investment Management, Atalaya Capital Management, American Immigration Group, Citigroup, DLJ, and Fortress.

Recognition and Involvement

Recognition & Involvement

Since 2022, Steven has been recognized by Chambers USA as a leading lawyer in real estate finance in Connecticut, with one source stating, "Steve is our go-to counsel." "I would enthusiastically recommend him."

Since 2017, Steven has been selected as a New York Metro Region "Super Lawyer" by Super Lawyers and, in 2014, was named in a survey of his peers as a New York Metro Region "Rising Star."

Credentials

Bar and Court Admissions

New York

Connecticut

District of Columbia

Education

Fordham University School of Law, JD, cum laude, 1999

Fairfield University, BA, 1996

News & Insights

Memberships

Commercial Real Estate Finance Council (CREFC)

Mortgage Bankers Association of New York (MBA)

National Multifamily Housing Council

REPRESENTATIVE MATTERS

  • Representation of developer on the joint venture, acquisition, development, and financing of a property on Half Street in Washington, DC
  • Representation of an investor on the origination of a $6.44M mezzanine multi-family construction loan
  • Representation of an investor on a $25M EB-5 mezzanine loan secured by indirect interests in 281 Fifth Avenue, New York
  • Representation of an investor on a $20M EB-5 mezzanine loan to finance a hotel in Rockaway Beach, New York
  • Represented money center bank on its Manhattan branch leasing

  • Represented international financial institution on leasing of its Park Avenue headquarters

  • Represented asset management company in origination and syndication of mortgage and mezzanine loans totaling approximately $97M for acquisition of commercial office property

  • Represented mezzanine lender of $135M of convertible mortgage and mezzanine debt on New York property, inclusive of negotiation of co-lender and intercreditor agreements and structuring of B-note

  • Represented real estate developer and finance organization in its acquisition of college campus to be used for development of aviation technology, inclusive of negotiations for additional financing as well as terms for acquisition with creditors of college, which had filed for bankruptcy

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