Christopher L. Pennington, a partner in the Real Estate Department, joined the New York office in 1995. His practice is national in scope and he handles a broad range of complex commercial real estate and real estate finance transactions and has experience with structured mortgage and mezzanine financings (including loans originated for securitization in the CMBS markets), debt acquisitions and dispositions (including participations), portfolio and single asset acquisitions and sales, property assemblage and development, joint ventures, sale-leasebacks and workouts.
Chris represents institutional lenders, real estate opportunity funds, real estate investment trusts, developers, private investors and professional sports associations in complex New York and multistate transactions involving office buildings, hotels, shopping centers, multifamily properties, condominium conversion projects, arenas, theaters and other commercial properties.
Education
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Tulane University Law School, J.D.
cum laude
Managing Editor, Tulane Law Review, 1993-1994
Staff Member, Tulane Law Review, 1992-1993
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Bowdoin College, A.B.
Admissions & Qualifications
- New York
Awards & Recognition
Best Lawyers in America 2019-2023
The Legal 500 United States: Real Estate 2019
Matters
Representative transactions include:
- Wachovia Bank, National Association in a $336 million floating rate first mortgage loan (including a $250 million senior participation for securitization and $86 million in junior and sub-junior participations) secured by fee and ground leasehold interests in ten retail developments located in eight states
- Morgan Stanley Mortgage Capital Inc. in a $137 fixed rate first mortgage loan for securitization secured by twelve net-leased retail shopping centers
- DLJ Real Estate Capital Partners in the acquisition of $105 million of distressed debt from Puerto Rican governmental agencies relating to Tourism Revenue Bonds used to fund the development of The Ritz-Carlton San Juan Hotel, Spa & Casino, the related loan workout, property acquisition and refinancing, and the subsequent sale of the property
- J.D. Carlisle Development Corporation in connection with its ground leasing of a Manhattan property and its agreement to develop and construct a new medical facility at the site for a leading hospital corporation
- Credit Suisse First Boston in assembling, selling and providing acquisition financing to the purchaser-developer of one of midtown Manhattan's largest development sites, including the transfer of air rights and TDRs
- GMAC Commercial Mortgage Corporation in a $385 million refinancing of the first mortgage debt of 44 syndicated limited partnerships, secured by 125 credit-leased fee estate for years and ground leased properties in 29 states
- Bank of Scotland in a complex two-tier mortgage loan to the developer of a major residential and leisure development located in Nevada