Zachary J Levy
Partner
Zach began his legal career in “BigLaw” as a real estate finance attorney focused on lender representation for large-scale commercial development projects, both locally (New York Metropolitan area) and nationally. As an attorney for King & Spalding, Zach represented a wide spectrum of clientele from large, nationally-based institutional banking lenders to mid-sized, regional debt funds on a variety of matters surrounding real estate developments and financing; typical transactions ranged in commitment amounts of $40MM – $250MM, and as high as $500MM. After gradually becoming disheartened by the billable hour-focused culture of “BigLaw” firms and the inability to pursue personal areas of interest, Zach struck out on his own and joined Trevor at TAFPC in early 2021. Driven by an insatiable desire to learn and pursue unique opportunities, Zach has made a concerted effort to push into the cannabis space through his foundational background as a real estate finance attorney.
Education
Benjamin N. Cardozo School of Law, Yeshiva University, J.D.- American University, B.A. in Law & Society
BAR ADMISSIONS
New York
Experience
Real Estate Finance Matters (Cannabis-Related)
- Represented a private lender in connection with a $8,500,000 loan for a cannabis cultivation facility in Otisville, NY consisting of approximately 70 acres of land and 200,000 square feet of outdoor grow greenhouses.
- Represented the borrower in connection with a $13,750,000 loan for the acquisition and initial operational funding for a cultivation and retail cannabis operation in Mount Holyoke, Massachusetts.
- Represented a private lender in connection with a $3,900,000 loan for the purpose of finalizing the buildout and funding of initial operational capital for a cannabis cultivation facility in Milton, New York consisting of approximately 21,552 square feet of industrial warehouse space, with an accompanying retail building consisting of approximately 1,000 square feet of public floor space.
- Represented a private lender in connection with a $9,000,000 loan for the buildout and final capital expenditures related to a 23,000 square foot cannabis cultivation facility located in Santa Ana, California.
- Represented a private lender in connection with a $4,500,000 loan for the acquisition and re-development of a 5-property portfolio in the State of Ohio consisting of separately operated adult-use cannabis dispensaries; the transaction also included a carried equity interest concept for the upside future sales of each respective property.
- Represented a debt fund as purchaser and master landlord in connection with the closing of an $11,000,000 sale-leaseback transaction in the State of Missouri consisting of a 6-property portfolio made up of separately operated retail cannabis dispensaries.
- Represented a private lender in connection with a $7,500,000 loan for the development of a 50,000 square foot industrial cannabis cultivation facility located in Los Angeles, California.
- Represented a private lender, as co-lender, in connection with the modification and capital stack re-shuffle of an $18,000,000 loan for an industrial cultivation and retail dispensary facility located in Las Vegas, Nevada.
- Represented a private lender in connection with a $3,800,000 loan for the purpose of finalizing the buildout and funding of initial operational capital for a cannabis cultivation facility in Milton, NY consisting of approximately 21,552 square feet of industrial warehouse space, with an accompanying retail building consisting of approximately 1,000 square feet of public floor space.
Real Estate Finance Matters (Traditional)
- Represented a healthcare practice, as purchaser, in connection with a $4,200,000 acquisition of a medical building located in West Orange, New Jersey.
- Represented a healthcare practice, as purchaser, in connection with a $1,420,000 acquisition of multiple commercial medical condominium units located in Clifton, New Jersey.
- Represented an oral surgery practice, as purchaser, in connection with a $590,000 acquisition of a medical office building in Ocean Township, NJ; the transaction also required in depthlease negotiations
- Represented an international banking institution, as administrative agent and lead-lender, in connection with a $415M syndicated construction loan for the development of a 58-story, Class-A multi-family rental project located in Hudson Yards in lower Manhattan.
- Represented a large institutional lender, in connection with a $29,500,000 construction loan for the development of a mixed-use residential/commercial building in Queens, New York.
- Represented a mid-sized, national debt fund, as lender, in connection with a $15,800,000 loan for the development and operation of a residential building located in Bedford, Texas.
- Represented a large real estate investment firm, as lender, in connection with a $64,900,000 construction loan for the development of a Marriott Hotel brand hotel located in San Diego, California that consisted of both a senior loan and mezzanine loan (both held by the same client).
- Represented a mid-sized, national debt fund, as lender, in connection with a $52,000,000 loan for the acquisition and development of a portfolio of eight (8) residential properties located in Brooklyn, New York.
Business Advisory and Consulting
- Represented the purchaser in connection with the acquisition of an organic waste transportation and disposal company located in Northern New Jersey.
- Represented the purchaser in connection with the acquisition and handoff transition of a landscaping design, construction and maintenance company located in Bozeman, Montana.
- Represented an energy sector hedge fund in connection with its formation and initial operations.
- Drafted all internal corporate documentation, formed the entity and registered it in a foreign jurisdiction in order to begin operations
- Drafted the fund’s confidential private placement memorandum and accompanying documentation
- Analyzed current regulatory updates in order to advise on strategies for services offered
- Represented a club promoter/restaurateur in connection with forming a new corporate venture.
- Drafted corporate by-laws, shareholder agreements and board resolutions
- Strategized unique and creative solutions for tax realization issues created by New Jersey local laws
- Represented a healthcare provider in connection with a dispute with a third-party vendor over statutorily required maintenance standards of high-powered radiology equipment.
