Steven Herman Commercial Finance Lawyer Cadwalader

Steven M. Herman

Partner

Cadwalader, Wickersham & Taft LLP

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www.cadwalader.com

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212 504 6054

Professional Biography

Steven Herman concentrates his practice in the areas of real estate finance, development, joint ventures, acquisitions, dispositions, commercial leasing, restructurings, workouts, and commercial mortgage securitizations. His work ranges from single- and multiple-asset negotiated and auction transactions to highly structured transactions that span all segments of the marketplace, including office, hotel, retail, multifamily, mixed-use healthcare, and industrial facilities. Steve's clients include investment banks, commercial banks, developers, investors, partners, lenders, owners, fund managers, borrowers, tenants, landlords, issuers and underwriters.

Mr. Herman is the author of "Is Your Default Foreclosable?" (New York Law Journal, November 19, 2012) and "Delaware Bankruptcy Court Decides Who Is Master of a Master Lease" (New York Law Journal, February 4, 2009), and co-authored "Draw on Letter of Credit Has Same Effect As Cash Forfeiture" (The Bankruptcy Strategist, June 1, 2004), "Landlords Beware: Limits on the Usefulness of Letters of Credit" (New York Law Journal, May 12, 2004) and "Right of First Refusal Provisions Require Prudence in Drafting" (New York Law Journal, March 25, 2002). Steven has been recognized as a leading lawyer in Euromoney’s Guide to the World’s Leading Banking & Finance Experts, IFLR1000, The Best Lawyers in America and Super Lawyers.

Steve received his J.D. from Brooklyn Law School and his B.A., with high honors, from Hobart College. He is admitted to practice in the State of New York.

More Legal and Business Bylines From Steven M. Herman

FinCEN’s Proposed Rulemaking: Enhancing Transparency in Residential Real Estate - (Posted On Wednesday, February 28, 2024)
There’s No Going Back: The Finality of Mortgage Foreclosures - (Posted On Wednesday, February 28, 2024)
Nowhere to Run to Baby, Nowhere to Hide: An Overview of the New York LLC Corporate Transparency Act and Its Disclosure Requirements - (Posted On Monday, February 19, 2024)
Should I Stay or Should I Go: Second Circuit Holds that Mortgagee Violated Automatic Stay by Foreclosing on Property where Bankrupt Tenant was a Named Defendant - (Posted On Wednesday, October 26, 2022)
Second Circuit Rules in Favor of Citibank in Accidental $500m Transfer in Revlon Loan Transaction - (Posted On Thursday, September 29, 2022)
Further Developments in Mezzanine Foreclosures - (Posted On Tuesday, April 26, 2022)
You Win Some, You Lose Some: The Second Circuit Affirms Dismissal of Landlords’ Free Speech Challenge to Harassment Laws and Reverses Dismissal of Landlords’ Contract Clause Challenge to Guaranty Law - (Posted On Tuesday, November 16, 2021)
COVID-19 Update: New York Governor Signs New Moratorium Effective until January 15, 2022 - (Posted On Tuesday, September 07, 2021)
COVID-19 Update: U.S. Supreme Court Holds that CDC Exceeded its Authority in Issuing Eviction Moratorium - (Posted On Monday, August 30, 2021)
COVID-19 Update: CDC Issues New Eviction Moratorium while U.S. Supreme Court Grants Injunction against Enforcing the Eviction Moratorium in New York - (Posted On Wednesday, August 18, 2021)

Real Estate

COVID-19 Impact on Real Estate

Steven M. Herman is a National Law Review Go-To Thought Leader for his contributions to the National Law Review on the impact of the COVID-19 pandemic on Real Estate; specifically New York legislation impacting commercial real estate. Mr. Herman’s coverage of New York real estate regulations and executive orders related to foreclosure and eviction moratoriums, as well as New York provisions allowing tenants to apply security deposits towards rent and limiting personal liability provisions in commercial leases, and the impact of COVID-19 on the financing of real estate transactions.

Real Estate

CDC Eviction COVID Moratorium Updates

The National Law Review selected Cadwalader as a Go-To Thought Leader for 2021 for its coverage of the CDC's Eviction Moratorium. In a time of great uncertainty, readers turned to Cadwalader for essential guidance on the varied federal and state eviction moratoriums, with the firm posting regular and timely updates on the topic. Cadwalader authors who contributed valuable insights include Steven M. Herman and Eunji Jo.