New Development Transactions

New Development Transactions (1.5 CE, M17381) REBNY

This panel discussion highlights the general risks and variables associated with buying in a new development/conversion project prior to its completion. Details of an Offering Plan and the common reasons for amendments to the plan are explained.

Purchase Course $18.99

Managing Partner, Romer Debbas LLP Michael J. Romer, Esq.

Michael J. Romer, Esq. is the co-founder and Managing Partner of Romer Debbas, LLP. Michael represents a broad range of clients in connection with the acquisition, sale, lease, development and/or financing of commercial land residential properties. Such clients include both domestic and foreign individuals buying for residential or investment purposes as well as institutional and private equity clients. Michael is also counsel to a wide majority of lending institutions in the country that are focused on real estate finance. He is a frequent contributor to local and national media including New York Times, Wall Street Journal, The Real Deal and Nasdaq TV. In addition, Michael frequently lectures in NYC's major real estate brokerage firms.

Sr. Managing Director, Citizens Bank Scott van der Marck

Scott van der Marck has over 30 years of experience as an advisor to both companies and private clients in the real estate and financial services sectors. Scott is a Senior Managing Director at Citizens Bank, focused on residential and commercial real estate lending, fully integrated to include specialty finance and wealth management services for businesses, family offices, nonprofits and foundations.

President Project Review, Condotek Orest Tomaselli

Orest Tomaselli is the President-Project Review and CEO of Condotek. With more than 25 years in the industry he leads a team of experts providing compliance solutions to the condo and co-op industry which includes builders, developers, property managers, HOA’s, national lenders and government agencies. Services at his firms include Fannie Mae, Freddie Mac, FHA, VA and Portfolio Condo-Co-op compliance lending approval, Lender Project Collateral Review, Commercial Mortgage Lending Compliance, Agency Compliant Condominium and Cooperative Reserve Studies and FEMA Flood Map Removal. Orest has provided training and guidance to national and local lenders, the New York State Attorney General’s Office, National Real Estate organizations, The Mortgage Bankers Association, State Bar Associations and Government Agencies in Reserve Study Compliance and Condominium and Cooperative lending compliance.

Sr. Managing Director, Citizens Bank Scott van der Marck

President, TitleVest Brian Tormey

As President for TitleVest, Brian is involved in strategic planning, execution and oversight of operational projects, business development, and technology creation and deployment. He handles client inquiries, and provides expertise for complex transactions such as commercial defeasance, multi-site/multi-state portfolios, air rights projects and other commercial matters.

With over fifteen years of experience in residential and commercial transactional real estate and title insurance, Brian has familiarity with every position within a title insurance company, including extensive experience performing title examinations. He has leveraged this knowledge to help develop the cutting-edge technology and business practices behind the critically-acclaimed TitleVest proprietary systems.