Marjie C. Nealon

Area of Focus: CMBS
Beginning in the early 1990s, Marjie helped build the foundation for CMBS loan work in the U.S. — right down to many of the core forms and procedures used by special servicers today. She founded Bilzin Sumberg’s CMBS Practice and historically and currently represents LNR Partners, the largest special servicer of CMBS loans in the country, which services in excess of 150 pools of CMBS loans totaling more than $100 billion in unpaid principal and relating to real property interests in all fifty states. 

Today, Marjie's work for special servicers involves administration, servicing and resolving loans including assumptions and transfers of interest,  forbearances, modifications, extensions, workouts, deeds in lieu of foreclosure and coordination of foreclosures, as well as lease approvals and terminations, subordination, non-disturbance and attornment agreements, redevelopment and construction issues, partial releases, condemnations, substitutions of collateral, mezzanine and other subordinate financing, easement approvals and other real estate related transactions. In the course of her work, Marjie is responsible for working with all national rating agencies in confirming their ratings with respect to servicers' treatment of loan consents.

Marjie also represents LNR nationally in all of the states in which it services property and loans with respect to REO sales of all types of commercial property including office, retail, multifamily, hospitality, storage facility, golf courses, parking lots and mixed-use, as well as portfolios of real property. Marjie is actively involved in interpreting the securitization documents governing the pooling of CMBS loans. 
Q & A
What makes you a good deal lawyer?
I am an excellent draftsperson. I have the ability to conceptualize deal structures. For example, a client may engage me to handle a complex modification. I begin the process with a thorough review of the deal documents and terms, and can visualize the restructuring from documentation through negotiation and closing. 
What keeps your clients up at night?
We work in an industry that has gone through varied significant changes.  I have been through every shift — downturns and upswings — in the past 30 years. I see my role as guiding my clients through these changes, looking for ways to mitigate losses, and taking advantage of new opportunities. 
Representation of LNR Partners, the largest special servicer of commercial mortgage-backed securities (CMBS) loans in the country. LNR services 145 pools of CMBS loans, totaling more than $220 billion in principal and relating to real property interests in all fifty states. We have handled over $4.2...
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
  • University of Florida, J.D., Levin College of Law, with high honors, Junior Editor and Senior Special Projects Editor of University of Florida Law Review, Order of the Coif, 1985
    University of Florida, B.A., 1982
  • CRE Finance Council
    Servicer's Forum Member
    Dade County Bar Association
    The Florida Bar
    Real Property, Probate & Trust Law Section
  • Florida
  • The Best Lawyers in America, Real Estate Law, 2013 - present

    AVĀ® Peer Review Rated, Martindale-Hubbell

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