Steven M. Klein

Shareholder
Miami
305-789-4177
sklein@stearnsweaver.com
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Steven M. Klein is a Shareholder in the Real Estate Department. His practice focuses on the representation of institutional lenders in connection with loans, loan modifications, workouts, restructurings, loan sales and deeds-in-lieu of foreclosure.

Mr. Klein has extensive experience with all aspects of real estate financing, including acquisition, construction, development, mezzanine and permanent loans, loan participations and multi-property and multi-state financing transactions.

Additionally, Mr. Klein regularly represents developers, REIT's and other property owners in the purchase, sale, development and financing of commercial real estate projects.

                  

Representative Experience
  • Representation of a national bank in connection with the construction financing and permanent financing of a student housing project in Orlando, Florida.
  • Representation of a developer in connection with the ground lease, development and leasehold construction financing for a hotel on South Beach.
  • Representation of a developer in connection with the acquisition, construction financing, mezzanine financing and forward purchase agreement of a student housing project in Knoxville, Tennessee.
  • Representation of an owner in connection with refinancings of hotels in Washington, D.C., Phoenix, Arizona, Las Vegas, Nevada, Melbourne, Florida and Miami, Florida.
  • Representation of a developer in connection with the acquisition and assumption of bond financing for an affordable housing project in Daytona Beach, Florida.
  • Representation of a national bank in connection with the financing of a landmark theater in Los Angeles, California.
  • Representation of developers in connection with the acquisition of Transferable Development Rights (TDR's) under the City of Miami, Florida, historic preservation program.
  • Representation of a New York based fund in connection with the restructuring of the financing of a fractured condominium project in Naples, Florida.
  • Representation of a developer in connection with financing of an affordable housing project in Miami, Florida.
  • Representation of a national bank in connection with the sale of a $20+ million foreclosure judgment.
  • Representation of a privately-held company in connection with the purchase of a $30+ million defaulted loan secured by a South Beach hotel.
  • Representation of a foreign real estate company in connection with the purchase of 100+ units in a fractured condominium project.
  • Representation of a privately-held company in the acquisition of a defaulted loan and subsequent agreement for a consensual foreclosure.
  • Representation of a foreign hotel company in the purchase of loans secured by hotels in Arizona and Illinois.
  • Representation of a loan servicer in multiple loan-modification transactions and loan sales throughout the United States.
  • Representation of a commercial real estate company in connection with a joint venture for the acquisition of two apartment buildings held by a national bank as REO properties.
  • Representation of a publicly traded REIT as the borrower in connection with a $65 million loan secured by a 500,000 square foot shopping center in Florida.
  • Representation of life insurance companies in connection with numerous permanent loans for a variety of properties located in Florida, Georgia, North Carolina, Connecticut, New York, New Jersey and Colorado.
  • Representation of a bank in connection with a $110 million borrowing base credit facility secured by properties located in Florida, Georgia, North Carolina, South Carolina, Alabama and Mississippi.
  • Representation of a commercial finance company as the borrower in connection with a $100 million revolving wholesale mortgage warehouse credit facility.
  • Representation of a commercial lender in connection with a loan to a publicly traded company to finance 39 properties located in 22 states.
  • Representation of a developer in connection with the acquisition of two condominium projects in Miami Beach, Florida, and construction and mezzanine financing in excess of $150 million.
  • Representation of a foreign bank in connection with the assignment, modification and bifurcation of a multimillion-dollar lease.
  • Representation of a national real estate development company in connection with the assemblage, development and financing of a $200 million mixed-use project in Florida.
Professional and Community Involvement
  • Congregation Beth Israel
    - Member, Board of Trustees, 1999-2008, 2009-Present
  • Miami Beach Jewish Community Center
    - Member, Board of Directors, 2006-present
    - Officer, Board of Directors, 2008-present
  • Alumni Association, Benjamin N. Cardozo School of Law
    - Member, Executive Committee, 2005-present
  • University of Miami School of Law
    - Adjunct Professor, Real Estate Transactions, Fall 2004-Spring 2006

Contact

Miami Office
Museum Tower
150 West Flagler Street, Suite 2200
Miami, FL  33130
305-789-3200 phone
305-789-3395 fax


  • Miami

    Museum Tower
    150 West Flagler Street
    Suite 2200
    Miami, FL 33130

    Miami-Dade: (305) 789-3200
    Fax: (305) 789-3395

    Driving directions
    Map

  • Tampa

    SunTrust Financial Centre
    401 East Jackson Street
    Suite 2200
    Tampa, FL 33602

    Phone: (813) 223-4800
    Fax: (813) 222-5089

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  • Fort Lauderdale

    New River Center
    200 East Las Olas Boulevard
    21st Floor (Penthouse A)
    Fort Lauderdale, FL 33301

    Phone: (954) 462-9500
    Fax: (954) 462-9567

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  • Tallahassee

    Highpoint Center
    106 East College Avenue
    Suite 720
    Tallahassee, FL 32301

    Phone: (850) 580-7200

    Driving directions
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