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Richard Q. Sterns

Of Counsel, Real Estate

richardsterns@paulhastings.com
Washington, D.C.+1 202 551 1983

Richard Sterns is of counsel in the Real Estate Department at Paul Hastings and is based in the firm's Washington, D.C. office. Richard focuses on the representation of debt funds, lending institutions, private equity funds, developers, joint ventures and investors in a variety of commercial real estate transactions. A substantial portion of his practice focuses on the representation of both borrowers and lenders in a wide variety of real estate finance transactions across the full spectrum of asset classes. His lender side experience also includes matters structuring and closing mortgage loans to be securitized and syndicated in the secondary market. He has also represented both mortgage and mezzanine lenders in workouts and modifications of distressed loans.

REPRESENTATIONS

  • International investment bank as lender in the origination and syndication of a $975 million mortgage loan secured by 16 student housing properties across the United States.

  • Debt fund in workout and modification of $57 million mezzanine loan associated with a large mixed-use property in Portland, Oregon.