Ilona Posner has over 15 years of experience in handling all facets of complex real estate transactions and related matters.  Ms. Posner has represented individuals, large and small corporate clients, and real estate developers in the sale, acquisition, leasing and development of commercial and multifamily properties and in complex real estate financings, including all facets of acquisition, bridge loan and construction loan financing from institutional lenders, private funds, independent commercial banks, privately held lending platforms and insurance companies. She is well versed in qualifying transactions as 1031 Real Property Exchanges and subsequently consummating such 1031 Real Property Exchanges. In addition, she also has counseled clients on condominiumization of commercial properties, as well as subsequent sale of individual condominium units.

Education

New York Law School, J.D.
State University of New York at Binghamton, B.A.

Admissions

Ms. Posner is admitted to practice in New York as well as before the United States District Courts for the Southern and Eastern Districts of New York.

Recognitions

2023-Ones To Watch Industry Leaders Spotlight-New York Real Estate Journal
2023-Who’s Who In Real Estate Law-Long Island Business News

Representative Matters

• Representing an investment group in the acquisition of four, 100+ unit apartment complexes in Arkansas, together with JV partnership with Seller for a total combined purchase price of $22,750,000.00 and acquisition financing, including all facets of property and leasing due diligence review.
• Represented a prominent shopping center owner in the sale of four shopping centers on Long Island for a total combined sales price of $130,000,000.00.
• Represented a developer in the acquisition of a condominium building in Queens out of a Chapter 11 Bankruptcy for a purchase price of $10,150,000.00 together with mortgage financing from a privately-held, real estate lending platform of $8,400,000.00.
• Represented a purchaser in the acquisition of a triple net single tenant asset property in New York consisting of a Wendy’s for a purchase price of $2,625,000.00 and financing from a commercial bank of $1,312,500.00.
• Represented an investor group in the sale of a single tenant restaurant/bar in Long Island, New York for a purchase price of $11,000,000.00 and qualified the transaction as a 1031 Real Property Exchange.
• Represented a federally insured banking institution in providing bridge loan financing to investors and developers in connection with acquisitions of various multifamily and invest properties.
• Represented a federally insured banking institution in the disposition and sale of several foreclosed commercial and residential condominium units.
• Represented a real estate company in connection with the refinance of two shopping centers with two federal credit unions for a loan amount of $23,000,000.00 and $6,250,000.00, respectively.
• Represented a developer in connection with Construction Loan financing in the amount of $4,425,000.00 from an independent commercial bank for the development of a multi-family project in Brooklyn, New York.
• Represented a family partnership in the sale of farm land with tenant in the Hamptons, Long Island for a sales price of $16,000,000.00.
• Represented a federally insured Bank in connection with the acquisition of a bank branch location in Brooklyn, New York for a purchase price of $13,200,000.00.
• Represented a property owner in the acquisition of a multi-family tenanted apartment building in downtown Brooklyn, New York for a purchase price of $6,750,000.00 (including all facets of property and leasing due diligence review) and subsequent mortgage loan financing from an independent commercial bank in the amount of $3,000,000.00.
• Represented a seller in connection with the sale of industrial space in Bohemia, New York for a sales price of $12,550,000.00.
• Represented a seller in connection with the sale of vacant land in Ronkonkoma, New York for a sales price of $6,950,000.00.
• Represented a real estate investor in connection with the sale of three 100+ unit residential apartment complexes in Greensboro, North Carolina for a combined sales price of $33,000,000.00 and qualified the sales as 1031 Real Estate Exchanges. Completed the foregoing exchanges by subsequently representing the investor in connection with the acquisition of a triple net single tenant asset property in Montgomery County, Maryland consisting of a Giant Supermarket for a purchase price of $28,325,000.00 and financing from a federal credit union of $13,000,000.00, including all facets of property and leasing due diligence review.
• Represented a prominent Long Island real estate company in connection with construction loan financing in the amount of $28,000,000.00 from a national commercial bank for an apartment building in Long Island, New York.
• Represented a prominent Long Island real estate company in connection with a loan refinance in the amount of $9,300,000.00 from an insurance company providing secured financing for an apartment complex in Long Island, New York.
• Represented a prominent Long Island real estate company in connection with a loan refinance in the amount of $15,000,000.00 from an insurance company providing secured financing for an apartment complex in Long Island, New York.
• Represented Family Partnership in connection with the sale of membership interests in a limited liability company which owns a commercial office building in New York.
• Represented a real estate developer in connection with acquisition and construction loan financing in the amount of $7,000,000.000 from an alternative funding group of a commercial property in Garnerville, New York.
• Represented a purchaser in connection with acquisitions of single tenant triple net properties in Wisconsin and Georgia, consisting of a Johnson Bank and CVS, respectively, as part of the completion of a 1031 Real Estate exchange for a combined purchase price of $5,000,000.00, including all facets of property and leasing due diligence review and loan assumption.
• Represented a prominent real estate company in the sale of a 7-Eleven in Long Island, New York for a sales price of $5,486,000.00.
• Represented a prominent real estate company in the sale of a commercial property containing a CVS and Teachers Federal Credit Union in Long Island, New York for a sales price of $20,000,000.00.
• Represented a prominent real estate company in the sale of a shopping center in Long Island, New York for a sales price of $11,000,000.00.

Languages

Russian