Eric Seltzer
Director
New York
eseltzer@goulstonstorrs.com+1 212 878 5194Eric Seltzer
Director, New York
eseltzer@goulstonstorrs.com+1 212 878 5194Related Expertise
Institutions, developers, entrepreneurs, and tenants know Eric Seltzer will close successful commercial real estate deals. Working with a diverse client roster, Eric’s work covers all major asset types—office buildings, hotels, mixed-use properties, multifamily developments, life sciences facilities, and industrial properties.
Eric’s work has led him around the globe, facilitating transactions throughout the United States as well as in Europe, Asia, and the Caribbean. Regardless of where his clients’ projects are, he delivers pragmatic, personalized strategies for acquisitions, dispositions, developments, mortgage and mezzanine financings, joint ventures, preferred equity investments, and recapitalizations.
A Resource for Distressed Real Estate
Eric has significant experience helping clients deal with distressed commercial real estate properties. He counsels borrowers and lenders in real estate workouts and restructurings, including loan modifications, forbearance agreements, deeds-in-lieu of foreclosure, assignments-in-lieu of foreclosure, loan sales and purchases, and property short sales.
Related Representative Matters
Nasser Freres in securing a $245 million construction loan for The Greyson, a 622 unit, 28-story mixed use tower at 25 Cottage Street, Jersey City, New Jersey.
Privately owned real estate investment firms with a complex staged deed-in-lieu of foreclosure-like transaction with their lenders, and the related structuring of a 1031 like-kind exchange, for a distressed multifamily rental building, with ground floor retail, in New York City, which was owned through a tenancy-in-common arrangement.
A prominent privately owned real estate investment firm in connection with the acquisition of additional membership interests in, and the restructuring of, a joint venture that indirectly owns two office buildings in New York City.
A privately-owned real estate investment firm in connection with obtaining a $200M financing for a luxury multifamily building, with ground floor retail space and a subterranean parking garage, located in Cambridge, Massachusetts.
A privately owned international investment firm in connection with the origination of a bridge mortgage loan secured by real properties in the Hudson Yards area of Manhattan and negotiation of the loan servicing agreement.
A prominent life sciences joint venture platform in connection with obtaining an approximately $41.5M loan for the acquisition and repositioning of a life sciences office building in San Diego, California.
A privately-owned real estate investment firm in connection with obtaining a $531.5M long-term financing from a syndicate of lenders for a fully leased lab building, with retail space and a parking garage, in the Cambridge Crossing Project, located in Somerville, Massachusetts.
A life sciences sponsor in partnering with a leading private equity investor to create a cGMP and biomanufacturing focused life sciences real estate operating platform and joint venture targeting investments in major U.S. life sciences clusters.
A privately owned real estate investment firm in the workout and restructuring of mortgage loan financing of a mixed-use office building in New York, New York.
A prominent life sciences joint venture platform in connection with obtaining a $450M construction loan for a multi-building development project comprised of lab space, parking and public amenities, located in Burlingame, California.
A prominent privately owned real estate investment and development company with a joint venture for the acquisition and redevelopment of a shopping center in San Antonio, Texas.
A privately owned real estate investment and development firm with obtaining a $98.5M construction loan for a student housing development project in Ithaca, New York.
A prominent life sciences joint venture in connection with obtaining a $585M mortgage and mezzanine construction loan for a multi-building, mixed use development project comprised of lab space, apartments, retail, parking and public amenities, located in Boston’s Allston neighborhood.
A prominent privately owned real estate investment and development company with the acquisition financing for a premier shopping center in Santa Rosa, California.
Botanic Properties in the acquisition of the ground leasehold interests in a property in Philadelphia, Pennsylvania, to be redeveloped into a life sciences facility, as well as the co-GP and institutional LP joint venture arrangements.
A prominent privately owned real estate investment and development company with the refinancing of a shopping center in Mansfield, Massachusetts.
CrossHarbor Capital Partners in its preferred equity joint venture investment with a prominent national homebuilder for the development of a luxury, multifamily rental community in Stamford, Connecticut.
A privately owned real estate investment and development firm in connection with multiple tiers of joint venture transactions, including co-GP and institutional LP arrangements, and obtaining senior and mezzanine bridge financing related to the acquisition of an assemblage of properties in downtown Brooklyn, New York, for development into a luxury multifamily rental building.
A privately owned real estate investment and development company with respect to the senior and mezzanine refinancing of a mixed-use building near New York City’s Gramercy Park.
A privately owned real estate investment firm in the refinancing of an office building in New York, New York.
A privately owned real estate investment firm in connection with obtaining an approximately $444M mortgage and mezzanine construction loan financing, and subsequent $100M financing upsizing, for certain parcels in the Cambridge Crossing Project, located in Boston, Cambridge, and Somerville, Massachusetts.
Botanic Properties in the acquisition and financing of a property in Long Island City, New York, to be redeveloped into a life sciences building, as well as the GP investment vehicle joint venture and joint venture with an institutional LP capital provider in connection therewith.
A privately owned real estate investment and development firm in connection with certain joint venture transactions, including with an institutional LP capital provider, and obtaining construction loan financing related to the development of an assemblage of properties in downtown Brooklyn, New York, into a luxury multifamily building.
A privately owned real estate investment firm in the $53M mortgage loan refinancing of a mixed-use building in New York, New York.
A privately owned real estate investment firm in connection with the acquisition, disposition and financing of various multifamily properties in New York, New York.
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Admissions
- New York
- New Jersey
Education
Benjamin N. Cardozo School of Law, Yeshiva University ( J.D. , 2005 )—Managing Editor, Cardozo Arts and Entertainment Law Journal
Syracuse University ( B.A. , summa cum laude , 2002 )