People: Peter J. Korda, Partner

Photo of Peter J. Korda, Partner

Peter J. Korda

Partner

New York
Direct: (212) 218-5260
Fax: (212) 218-5526
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Peter J. Korda is co-head of Seyfarth’s Structured & Real Estate Finance Group and co-head of the firm’s New York Real Estate Practice. His practice concentrates on real estate finance matters, workouts and restructured transactions. Mr. Korda’s work includes the structuring and closing of mortgage loan transactions for the capital markets as well as for conventional acquisition, permanent, interim/bridge, construction, and mezzanine loan transactions. Mr. Korda has extensive experience in real estate projects across the United States, including handling multi-tier, multi-state, cross-defaulted and cross-collateralized transactions. He has closed numerous fee and leasehold financings and refinancing’s of major residential developments, shopping centers, office buildings, hotels, and specialty projects. Mr. Korda also has extensive experience on structuring and closing syndicated transactions, as well as the financing of condominium and cooperative properties. During the economic downturn, Mr. Korda devoted significant time to counseling clients in dealing with distressed assets, including restructuring, purchasing and selling of loans and enforcing remedies with respect thereto.

Peter J. Korda is co-head of Seyfarth’s Structured & Real Estate Finance Group and co-head of the firm’s New York Real Estate Practice. His practice concentrates on real estate finance matters, workouts and restructured transactions. Mr. Korda’s work includes the structuring and closing of mortgage loan transactions for the capital markets as well as for conventional acquisition, permanent, interim/bridge, construction, and mezzanine loan transactions. Mr. Korda has extensive experience in real estate projects across the United States, including handling multi-tier, multi-state, cross-defaulted and cross-collateralized transactions. He has closed numerous fee and leasehold financings and refinancing’s of major residential developments, shopping centers, office buildings, hotels, and specialty projects. Mr. Korda also has extensive experience on structuring and closing syndicated transactions, as well as the financing of condominium and cooperative properties. During the economic downturn, Mr. Korda devoted significant time to counseling clients in dealing with distressed assets, including restructuring, purchasing and selling of loans and enforcing remedies with respect thereto.

Education

  • J.D., New York University School of Law (1979)
  • A.B., Brown University (1976)
    magna cum laude

Admissions

  • New York

Affiliations

  • Association of the Bar of the City of New York (Real Property Law Committee)
  • New York State Bar Association (Real Property Law Committee)
  • American Bar Association (Real Property, Probate and Trust Law Section)
  • Commercial Real Estate Finance Council (f/n/a Commercial Mortgage Securities Association)
  • Real Estate Roundtable (Real Estate Capital Policy Advisory Committee (RECPEC) Member, 2017)

Presentations

  • Moderator, “Debt Financing from a Borrower’s and Lender’s Perspective,” IMN Panel (September 2014)
  • “Formulating a Restructuring Plan,” Annual Bank & Special Asset Executive Forum On Distressed Real Estate, presented by Information Management Network, New York, NY (March 29, 2011)
  • "Distressed Hotels," The 11th Annual U.S. Real Estate Opportunity & Private Fund Investing Forum, presented by Information Management Network ("IMN"), New York, New York (June 3, 2010)
  • “Building Green: Navigating the Legal and Regulatory Challenges of Sustainable Real Estate,” Strafford Publications Webinar (January 21, 2010)
  • “New Fund Plenary: Out with the Old and in with the New,” Borrowers’, Investors’ and Special Servicers’ Forum on Real Estate Mezzanine Loans and Distressed Debt, presented by Information Management Network, New York, New York (December 10, 2009)
  • "Lender/Deal Maker Perspective: Navigating & Negotiating Loan Enforcement, Workouts and Foreclosure," IMN Forum on Distressed Commercial Real Estate, New York, New York (October 5- 6, 2009)
  • “Tranche Warfare and Working Out Multitranche Structures,” U.S. Real Estate Opportunity & Private Fund Investing Forum, presented by IMN, New York, New York (June 11, 2009)
  • “Legal Issues Outside of the Trust,” Commercial Mortgage Securities Association 15th Annual Convention, New York, New York (June 9, 2009)
  • “Capital Markets Chaos: Where are We Now and What Can We Expect,” ICSC 2009 Mid-Atlantic Conference, Washington, D.C. (February 18, 2009)
  • "Unique Challenges in this Cycle," Trigild Lender Conference, San Diego, California (October 23, 2008)
  • "Fifth Annual IMN Western Borrower's & Investors Forum on Real Estate Mezzanine Loans (April 2008)

Publications

  • Co-Author, "Property Lines," A Publication of Seyfarth Shaw LLP’s Real Estate Department," Newsletter, Seyfarth Shaw LLP (June 16, 2014)
  • “Recent Updates on the Legacy Loan Program and the Legacy Securities Program,” SERT Alert, Seyfarth Shaw LLP (April 16, 2009)
  • Co-Author, "Green Lending: An Evolving Industry," The Real Estate Finance Journal (2009)
  • Co-Author, "Treatment of Conflicts of Interest in the Congressional Bailout Bill," Lexology (October 3, 2008)
  • Co-Author, “Mezzanine Loan Title Insurance: Perhaps More Necessity than Luxury,” New York Law Journal (March 17, 2008)
  • Co-Author, “Construction Plans: Structure Project Documents to Mitigate Risk Before Approaching Lenders,” Commercial Investment in Real Estate (March/April 2007)
  • Co-Author, “Extending TRIA,” New York Law Journal (January 2007)
  • Co-Author, “Covering the Risks of Terrorism,” New York Law Journal (January 17, 2006)

Accolades

  • SuperLawyers New York (2009-2016)
  • Legal 500 (2011-2016)
  • Chambers USA (2010-2014)
  • Six Sigma Yellow Belt Certification, Seyfarth Shaw LLP (2012)