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.
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.