Steeg Law is well respected for its involvement in major Real Estate Finance transactions throughout Greater New Orleans and Louisiana, including in Jefferson Parish and St. Tammany Parish. We are highly experienced in handling loans secured by real estate and other collateral. Whether you are a lender or a borrower, our legal services protect our client’s interests, while at the same time helping to efficiently advance the business deal to a successful conclusion.

The attorneys at Steeg Law have a real appreciation for the business realities that our clients are involved in. As quoted under “Sources Say” in Chambers USA, Steeg Law is “A deal firm widely respected for its breadth of experience.”

Our firm handles complex financial closings and understands how various funding sources can be combined to your advantage. We advise developers and property owners on real estate projects and the use of various public real estate incentives, including historic tax credits, low-income housing tax credits and tax-exempt bonds, new markets tax credits, state and local gap financing programs, restoration tax abatements, and payment in lieu of tax arrangements.

Our firm has assisted major banks, developers, and property owners in acquisitions and loan transactions for nursing homes, medical offices, industrial facilities, warehouses, hotels, strip shopping centers, regional shopping centers, drug stores, office buildings, bank branches, condominium developments, distribution centers, and apartment buildings throughout the southeast Louisiana region.

Legal Services

• Fixed rate or variable interest
• Interest rate swaps
• Leasehold collateral
• Owner-occupied or investment property
• Real estate mortgages
• Residential closings – Certified ALTA Best Practices
• Tax incentives, tax credits, gap financing programs
• Tax abatements and payment in lieu of tax arrangements
• UCC security interests
• 1031 Exchanges (traditional and reverse)

Representative Transactions

• Represented lender in $1.7 million loan to health-care business for business acquisition and for operating capital
• Represented owner of distribution facility in connection with regional refinancing of 7 facilities throughout the South and West
• Lender’s counsel on revolving loan, bond-secured loans and New Market Tax Credit facility to major regional hospital
• Representation of regional shopping malls on securitized loan transactions
• Buyer’s counsel for acquisition of major downtown hotel and assumption of securitized loan
• Lender’s counsel on revolving loan facility to Fortune 500 company
• Regular representation of regional banks on mid-size commercial and business loans
• Approved closing agent for regional lenders and mortgage companies