Taila L. Martin
Taila Martin concentrates her practice in areas of real estate and corporate finance.
She represents financial institutions in connection with mezzanine and senior real estate financing transactions, including the making of acquisition and construction loans, the issuance of letters of credit to enhance both taxable and tax-exempt bond issuances to affordable and supportive housing developers and direct bond purchases. In addition, she represents numerous institutional lenders in connection with aspects of secured and unsecured financings, including asset-based loans. Ms. Martin has also handled traditional financings, including lines of credit and direct purchases.
Representations of Note
- Representation of a nationally recognized bank in its participation in a $67.9 million loan for the acquisition, formation and renovation of a commercial condominium shopping plaza in Throggs Neck.
- Representation of a nationally recognized bank in its capacity as a lender and administrative agent for a construction loan in the aggregate amount of $51 million to a SPE controlled by a global asset management company and a real estate developer. The proceeds of the construction loan, together with the borrower's equity, will be used to acquire and construct a 57-unit commercial and residential condominium in New York City.
- Representation of a nationally recognized bank in its capacity as a lender and administrative agent for a construction loan in the aggregate amount of $80.6 million to a SPE controlled by the project's developers. The proceeds of the construction loan, together with the borrower's equity, will be used to acquire and construct an 18-story, 25-unit commercial and residential condominium in New York City.
- Representation of a nationally-recognized bank as senior lender in connection with a $24 million refinancing of a première hotel, which included a $7 million mezzanine loan made by another lender, and involved negotiations between the lenders with respect to intercreditor rights and with a third party property manager with respect to operations.
- Representation of a large social service not-for-profit corporation in connection with its acquisition of a 44,000 square foot commercial condominium unit, which was financed through a private placement of $30 million in tax-exempt and taxable bonds issued by Build NYC Resource Corporation.
- Among the team that represented a financial institution in its $2,200,000 term loan to a New York college and its direct purchase of $8,000,000 of tax-exempt and taxable Sullivan County Funding Corporation bonds issued for the benefit of a local dormitory corporation. The proceeds of the loan and bonds were used to refinancing existing debt.
- Representation of a nationally-recognized bank as senior construction lender in connection with the development of supportive housing for the homeless with a preference for veterans on a decommissioned U.S. Army base.
- Among the team that represented a nationally recognized bank in its $9,400,000 construction loan to an SPE controlled by a New Jersey not-for-profit developer, the proceeds of which, together with proceeds from 3 different NJHMFA funding sources, FHLB funds, the Township of Tom's River Affordable Housing Program funds and Borrower's equity funds, will be used to acquire and construct a 72-unit affordable housing development in Toms River, NJ.
- Among the team that represented 3 financial institutions in 6 separate private placements of an aggregate $11,175,000 tax-exempt and taxable bonds issued by the Nassau County Local Economic Assistance Corporation and the Suffolk County Economic Development Corporation for the benefit of 5 participating member agencies of the Alliance of Long Island Agencies, Inc. for Persons with Developmental Disabilities.
- Representation of a nationally-recognized bank and locally-recognized bank in their roles as bond purchasers of 4 separate series of tax-exempt and taxable bonds totaling $17 million issued by both the Suffolk County Economic Development Corporation and the Town of Brookhaven Local Development Corporation, which were secured in part by mortgages on over twenty properties
- Among the team that represented a financial institution in its direct purchase of $26,700,000 tax-exempt and taxable bonds issued by Build NYC Resource Corporation for the benefit of a leading private school in Brooklyn. The proceeds of the bonds were used to refinance existing debt.
- Representation of an international lender in its participation in a $67,985,000 loan made by a state chartered bank for the acquisition, formation and renovation of a commercial condominium shopping plaza.
- Among the team that served as counsel to a nationally-recognized bank in their multi-faceted financing role for Teachers Village (Newark, NJ), a complex, qualified school construction bonds and new markets tax credit transaction, including representing the bank as bond purchaser, bridge lender, escrow agent and administrative agent.
- Obtained the dismissal of an action brought against one of the northeast's largest banks by another financial institution seeking indemnification and money damages arising out of the negotiation and deposit of a $400,000 check into a customer's business checking account.
- Contributing writer on "The Cure Causes New Symptoms: Capital Control Effects of Tax Enforcement, Gold Regulation, and Retirement Reform," by Beckett G. Cantley, South Carolina Journal of International Law and Business (Volume 7, Issue 1, Fall, Article 4)
- Member of the John Marshall Law Review
- SuperLawyers New York Metro 2015 - Rising Star - Real Estate
- Named among the "Women in Real Estate 2014," an annual review conducted by the New York Real Estate Journal
- SuperLawyers New York Metro 2014 - Rising Star - Real Estate and Business/Corporate
TAILA L. MARTIN
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New York, NY