Profile

At a Glance

W. Stephen Tierney is a Partner in the firm and Chair of the Real Estate Development and Finance Group. He specializes in real estate development, real estate financing, asset-based financing, and commercial leasing. Steve is also a member of the firm's Management Committee which is responsible for the general oversight and management of the firm.

Honors

1. Listed in the current edition of the “Best Lawyers in America" as well as the current edition of "Super Lawyers" magazine.
2. Ranked by Chambers annually.

Practice Areas

Industry Expertise

Education

Albany Law School of Union College, J.D.

St. John Fisher, B.A., Cum Laude

Bar Admissions

State of New York

Key Representative Matters

• Represented owner in acquisition and financing of multi-family housing portfolio containing over 1,000 units with separate self-storage and office; financed through regional lender bridge loan, taken out with permanent loan with Freddie Mac (non-recourse financing).
• Represented owner in acquisition and financing of multi-family housing portfolio containing over 1,100 units across multiple states, financed with national DUS lender as a portfolio bridge loan, bridging to HUD permanent financing (non-recourse financing) once tax credits for improvements are approved.
• Represented owner in obtaining $50,000,000 construction financing for condominium/hotel project in the Upstate New York Finger Lakes Region.
• Represented owner in all aspects of development of national brand hotel project, including preparation and negotiation of purchase and sale agreement, franchise agreement, obtaining of entitlements, obtaining of local industrial development agency benefits, obtaining of construction and permanent loan financing, and negotiation of AIA construction documents.
• Represented owner in sale of $300,000,000 Upstate and Central New York multi-family housing portfolio.
• Tenant representation in negotiation and execution of lease for design/build of over 250,000 square feet of office/flex space.
• Bond counsel for municipality.
• Representation of regional lenders in real estate and asset-based transactions involving construction/permanent mortgage loans, mezzanine, subordinate, acquisition and bond financing.

Professional Affiliations

• Member of the Real Estate Section of the New York State and Monroe County Bar Associations,
• Former Co-Chair of the Commercial Leasing and Litigation Committee of the Real Property Law Section of the New York State Bar Association.

Community Involvement