Paul Mackey

Schiff Hardin LLP

$ $$$

5th Avenue 666
New York 10103 NY US

Paul G. Mackey represents banks and other financial institutions in a broad range of commercial real estate transactions. He has experience handling debt and equity financings of office buildings, shopping centers, residential apartment buildings, hotels and industrial properties throughout the United States. He also represents clients in buying, selling and leasing substantial commercial properties.

Paul offers his clients cost-effective counsel with leanly staffed teams and efficient legal workmanship. He negotiates and drafts documents in connection with permanent and construction loans, credit-enhanced bond financings and mezzanine loans with straightforward proficiency. Paul has extensive experience in workouts and loan restructuring, having negotiated numerous such transactions through three recessions.

When projects run into issues large or small, Paul is able to step in with the knowledge and experience necessary to mitigate the damage. He strives to develop mutual resolutions where possible with minimal impact on the progress of a project, but he is also well-versed in foreclosure and other enforcement proceedings when necessary.

EXPERIENCE:

  • A $50 million construction loan for a 50-unit luxury condominium building in the Chelsea neighborhood of Manhattan.
  • A $116 million credit enhancement for a construction loan financed with tax-exempt bonds under an 80/20 program for a 201-unit luxury residential building in the Chelsea neighborhood of Manhattan.
  • A construction mortgage loan of $330 million and mezzanine loan of $30 million provided by a syndicate of 14 banks for the construction of a 58-story condominium project in San Francisco.
  • Origination of a $230 million construction mortgage loan with an A/B note structure provided by five banks and a large life insurer for a 507-unit luxury rental building in the Wall Street area of Manhattan. This transaction also included a mezzanine loan. The facility suffered in the recent market downturn and was the subject of several contentious workouts that ultimately led to full recovery for the first mortgage lenders.
  • A $35 million construction loan for a new hotel in Midtown Manhattan.
  • Workout, foreclosure, bankruptcy and ultimate bankruptcy conveyance to the secured creditor of a 43-story 122-unit luxury condominium in Midtown Manhattan.
  • The sale of a 29-story 522,000 square-foot Class A office building in Oregon.
  • The lease of approximately 150,000 square feet of space in an office/research park in Westchester County, N.Y.

EDUCATION:

  • St. John’s University School of Law, J.D., 1988
  • Manhattan College, B.S., 1985

BAR ADMISSIONS:

  • New York
  • Connecticut
  • U.S. Supreme Court

PROFESSIONAL MEMBERSHIPS:

  • New York State Bar Association

Cost

Rate : $$$$

What types of cases Attorney Paul Mackey & Schiff Hardin LLP can handle?
Schiff Hardin LLP can handle cases related to laws concerning Real Estate, Construction, General Practice. We manually verify each attorney’s practice areas before approving their profiles and reviews on our website.
Where is Schiff Hardin LLP located?
Schiff Hardin LLP is located at 666 5th Ave #1700, New York, NY 10103, USA. You can reach out to Schiff Hardin LLP using their phone line 212.745.0816. You can also check their website schiffhardin.com or email them at [email protected].
How much would it cost to hire Schiff Hardin LLP?
Paul Mackey lawyer charges are specific to each case. However, they work with contingency fees and its ranges from $$ to $$$. They also provide free consultation [and no obligation quotes] if you are interested to hire.
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Schiff Hardin LLP
5th Avenue 666
New York 10103 NY US
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Lina Stillman

5.0
Broadway 42
New York 10006 NY US
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