Law firm Morrison & Foerster continues to expand its real estate finance practice by adding Stephen Cox of Hypothekenbank Frankfurt AG, the third addition to its New York team in the past few weeks.
The new counsel has experience in negotiating with lending syndicates, creditor committees and special servicers in securing workouts and restructurings.
In May, Lawrence Ceriello joined the firm as a partner, following the addition of Tushna Gamadia as counsel earlier in June. Ceriello also advises major financial institutions and investors in large real estate transactions involving debt financings and securitizations, while Gamadia advises lenders and borrowers on securitized lending, balance sheet lending, syndicated loan and equity transactions, the firm said.
Cox, formerly managing director and head of transaction operations and debt capital markets in the New York branch of Hypothekenbank, a former Morrison & Foerster client, was responsible for managing more than $11 billion in structured finance transactions and $1 billion in CMBS loans.
He has experience structuring commercial real estate securities deals and negotiating complex CMBS real estate financing transactions such as construction, predevelopment and mezzanine loans, secured and unsecured credit facilities, and REIT credit lines.
Cox adds another real estate finance veteran to the team, said Mark Edelstein, chair of the firm’s real estate finance and distressed real estate practices, who values his experience in structuring, closing and managing highly complex loans for major commercial real estate banks.
