Adam Lichtenstein concentrates his practice in the area of commercial real estate finance, representing, among others, commercial banks, institutional lenders, insurance companies, and loan servicers in a wide range of traditional, sophisticated and innovative financing arrangements. Mr. Lichtenstein's transactions involve the origination, servicing, restructuring and enforcement of loan products throughout the United States, Canada and Puerto Rico. The asset types secured in such loan transactions, include office, retail, residential, hospitality and mixed-use. In addition, Mr. Lichtenstein represents clients in connection with certain regulatory/investment matters. Mr. Lichtenstein is a member of the Firm's Real Estate and Finance Group and Troubled Asset Relief Program (TARP) Group.
Education
- J.D., Thomas M. Cooley Law School, 1991
- B.B.A., Hofstra University, 1987
Bar Admissions
- Virginia, 1997
- Texas, 1991
- District of Columbia, 1998
Admitted To Practice
- U.S. Supreme Court
- U.S. District Court for the Eastern District of Texas
- U.S. District Court for the Northern District of Texas
- U.S. District Court for the District of Arizona
Representative Experience
Workouts/Restructuring
- Representation of various lenders in a variety of modifications, restructurings, and forbearance/ workouts with the goal of avoiding foreclosure actions and maximizing returns for the client for balance sheet and securitized transactions.
- Representation of lenders in all aspects and stages of enforcement actions and negotiations including enforcing guarantees and indemnities and realization upon real and personal property collateral through foreclosure, deed-in-lieu or other methods.
Representative Transactions
- Forbearance in connection with a $43,650,000 construction loan for a residential condominium complex located in Stamford, Connecticut.
- Foreclosure of a $290,472,000 construction loan for a mixed-use project located in Phoenix, Arizona.
- Foreclosure of a $25,000,000 land loan on unimproved land located in Herndon, Virginia.
- Forbearance in connection with a $28,100,000 Construction Loan for a townhouse complex located in Portland, Oregon.
Bank Regulatory
- Representation of various regional banking/lending institutions in connection with merger and acquisition issues.
Representative Transactions
- On-site analysis and review of commercial loans for one of the country’s largest independent mortgage lenders seeking to invest in a well-known regional bank based in Montgomery, AL.
- On-site analysis and review of commercial loans for a Massachusetts regional bank seeking to acquire another Massachusetts regional bank.
- On-site analysis and review of commercial loans for a well-known New Jersey regional bank seeking to acquire a small regional New Jersey bank.
Real Estate Lending
Representative Transactions
- Origination of a $142,000,000 interim financing and renovation loan for an existing full service hotel and conference center located in Anaheim, California.
- Origination of a $90,850,646 construction loan for the conversion and development of a retail/full-service hotel complex in downtown Chicago.
- Origination of $44,000,000 interim financing loan for a full-service hotel located in Montreal, Canada.
- Origination of a $51,200,000 interim financing loan for a well-known boutique hotel located in San Juan, Puerto Rico.
- Origination of a $95,000,0000 interim financing loan for a resort/conference center located in Scottsdale, Arizona
Loan Servicing
- Representation of special and master servicers in connection with assumptions, modifications and restructuring of securitized and non-securitized mortgage loans and related REMIC issues.
Representative Transactions
- Ownership restructure and cash management implementation in connection with a $325,000,000 securitized loan secured by 50 extended-stay hotels located throughout the United States.
- Modification of a $960,000,000 securitized loan involving several casino properties located throughout the United States.
Publications & Presentations
- "A Lender's and Servicer's Perspective on Real Estate Loan Restructuring and Foreclosures," November 2008 and February 2009.
- “Working Out CMBS Debt.” Continuing Legal Education Presentation to Firm Real Estate and Finance Practice Law, April 2010.
Professional History
- Partner, Locke Lord Bissell & Liddell LLP (2007 - Present)
- Partner, Katten Muchin Rosenman LLP (1998 - 2007)
- Justice Court Judge, Harrison County, TX (1994 - 1997)
- Partner, Jones & Lichtenstein, Marshall, TX (1993 - 1996)
Professional Affiliations & Achievements
- Member, New York State Bar Association
- Member, Virginia State Bar Association, Real Estate Section
- Member, District of Columbia Bar Association, Real Estate Section
- Member, Texas Bar Association, Real Estate and Probate Section
- Member, Mortgage Bankers Association
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