Chris Delson has nearly 25 years of experience representing some of the world’s leading lenders and property owners in complex real estate transactions. According to clients, there is “none better when it comes to work ethic,” and he is “an extremely knowledgeable and professional attorney who is dedicated, thorough and responsive to clients’ requirements” (Chambers USA).

Chris regularly works with clients on syndicated, securitized, mortgage, mezzanine, subscription, and REIT credit facilities. He also represents lenders and property owners in construction loan transactions involving REITs, private equity funds, office buildings, hotels, multi-family apartment buildings, shopping centers, condominium and rental developments, student and senior housing, and other asset classes. He is also experienced with Shari’ah-compliant financing.

Chris has extensive experience representing lenders in the making of credit facilities to private equity funds and REITs, including subscription lines of credit, borrowing base facilities, unsecured lines of credit, and “after care” facilities. These include some of the largest subscription lines of credit structured to date to both U.S.-based and non-U.S.-based funds, with both U.S.-based and non‑U.S.‑based investors and collateral, and both syndicated and non‑syndicated transactions.

Chris regularly represents lenders in large syndicated construction loans involving billions of dollars covering a variety of asset classes, including office buildings, hotels, condominiums, and multifamily projects, both in New York and nationwide. He has represented numerous buyers and sellers in connection with the purchase and sale of different types of real property, including commercial office buildings, industrial properties, hotels, large residential properties, and unimproved land. He has also advised clients on a number of portfolio sales and acquisitions.

Informed by his long-time representation of a substantial number of construction and permanent lenders and his ongoing work with debt and equity investors in the United States and overseas, he advises clients regarding restructurings and, as needed, timely pursuits of legal remedies for troubled projects and is a member of the firm’s Distressed Real Estate Group.

Chris also represents owners, developers, and investors in office buildings, hotels, and other commercial properties in the development, acquisition, management, leasing, and disposition of such commercial properties.

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Experience

  • A leading financial institution in a $550 million construction loan for the Salesforce Tower Chicago, an 813-foot tall, 57-story tower to be located at the foot of where the north and south branches of the Chicago River converge.

  • A leading financial institution in a $2.25 billion subscription line of credit to a private equity fund.

  • The borrower, a joint venture led by a private real estate investment management firm, in the $135 million acquisition and related financing for a mixed-use development site in Williamsburg, Brooklyn, followed by the preferred and common equity capitalization and a $197 million construction loan for a 500,000 square foot office, manufacturing, and retail building.

  • The developer in a $750 million construction loan and subsequent $692 million condominium inventory loan coupled with mezzanine debt for a skyscraper mixed-use condominium building in downtown Manhattan.

  • The owners in an $860 million construction financing for the MoMA Tower being constructed at 53 West 53rd St. in New York. The 1,050-foot landmark tower next to the famed Museum of Modern Art in New York City will include 145 luxury condos and three floors of new gallery space for MoMA.



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