Lenders, borrowers, and investors rely on Jeffrey Petit to help them structure commercial real estate financings, development investments, and acquisitions and dispositions of retail centers, office parks, residential developments and hotels. Investment banks, commercial banks and insurance companies turn to Jeff to assist them in closing on loan transactions ranging from construction loan financing to co-lending arrangements to mortgage loan workouts. While Jeff closes on financing connected to properties or developments throughout the United States, he has been involved with a number of commercial real estate deals in Newark, including One Theater Square and redevelopments of the former Hahne department store and New Jersey Bell building.
Jeff advises commercial investor clients on various aspects of their large real property portfolios. His experience in this area includes representing a purchaser in a multibillion-dollar acquisition of more than 200 properties, a lender in a $105 million loan secured by 14 hotels, and a seller in the sale of two office buildings with an aggregate sales price of $268 million.
A recurring guest lecturer for the “Legal Issues in Hospitality” course at New York University School of Continuing & Professional Studies, Jeff has lectured on negotiating acquisitions and sales of hotels, including discussing common legal pitfalls of hotel investors.
Jeff is also a member of the firm’s Executive Committee.