Lydia C. Stefanowicz, a partner in the firm’s Real Estate Department, will be a presenter for a webinar on “Local Counsel Opinions in Real Estate Transactions” on Wednesday, July 19, 2017 from 2:00pm – 3:30pm (ET). The program will present the Local Counsel Opinion Letter Supplement prepared by representatives from the opinion committees of the ABA Section of Real Property, Trust and Estate Law, the American College of Real Estate Lawyers (ACREL), and the American College of Mortgage Attorneys (ACMA).
Ms. Stefanowicz and her fellow presenters will:
- Describe the role of local counsel in multi-state financings and how that role differs from lead borrower’s counsel;
- Discuss the opinions that are appropriate, and not appropriate, for local counsel to give and why, and;
- Explain how those assumptions and qualifications in local counsel opinions differ from those in lead counsel opinions.
Ms. Stefanowicz concentrates her practice in the areas of commercial lending and real estate finance. She provides counsel to both lenders and borrowers in real estate acquisition, construction, permanent mortgage (including CMBS) and mezzanine financings. She has significant experience in real estate workouts and debt restructuring transactions, and represents real estate developers and investment funds in connection with the formation of joint ventures to acquire, develop, construct and manage properties. She is ACMA’s designee to the Working Group on Legal Opinions (WGLO) and former co-Chair of the ACMA Opinions Committee, and serves as Secretary of the ACREL Attorney Opinions Committee.