SAMUEL GOLDSTEIN focuses his practice on the representation of financial institutions in real estate finance and development, with particular emphasis on construction lending and credit enhancement of tax-exempt bonds for the financing of affordable multifamily housing. Sam has experience representing private equity investors in the formation and operation of joint ventures. Sam’s representative clients include major global investment banks and financial institutions.
Prior to joining Sidley, Sam was an associate at another major law firm where he represented financial institutions in real estate finance and development. He also represented private equity investors in the formation and operation of joint ventures.
Senior Managing Associate
Samuel S. Goldstein
- Real Estate
Experience
- Representative Matters
- Memberships and Activities
- Represented Wells Fargo Bank as credit enhancer for the approximately US$298 million construction financing for a mixed use building located in Inwood, Manhattan containing 611 residential units (which includes 180 units to be rented to moderate income tenants, 52 units to be rented to low income tenants and 277 units to be rented to very low income tenant), approximately 62,000 square feet of commercial space, and approximately 120 parking spaces.
- Represented Merchants Capital Corp. as Freddie Mac’s seller/servicer in its credit enhancement of a portion of the US$236 million financing provided by the New York City Housing Development Corporation to a public-private partnership that ground leased Harlem River Houses from the New York City Housing Authority to renovate and modernize over 690 apartments in eight buildings.
- Represented a major financial institution in connection with the rehabilitation of 16 properties containing 1,718 units in New York, New York, which were leased by the developer from the New York City Housing Authority pursuant to a 99 year ground lease. The financing of the deal includes forty separate loans to the developer provided by the New York City Housing Development Corporation (HDC) in the aggregate principal amount of US$70 million along with a loan from HDC to the developer in the aggregate principal amount of US$289,065,000.00, which loan is credit enhanced by Fannie Mae.
- Represented a major investment management firm, as borrower, in connection with an acquisition (and working capital) loan for the purchase of industrial/logistic facilities across the United States.
- Represented a major financial institution in connection with the new construction of a four hundred ninety nine (499) unit residential rental apartment building comprised of (i) three hundred forty eight (348) market rate units; (ii) one hundred fifty (150) affordable units; (iii) one (1) superintendent’s unit; (iv) approximately 31,040 square feet of retail space; (v) approximately 3,411 square feet of community facility space; and (vi) a parking structure with approximately 108 parking spaces upon real property located in Long Island City, New York. The financing of the deal includes a US$220,000,000 loan provided by a syndicate of lenders.
- Represented a major financial institution in connection with a US$140 million refinancing of a residential 80/20 building in New York, New York using Freddie Mac Secondary Market Credit Enhancement.
- Represented a major financial institution as credit enhancer for the bond construction financing for a 116 residential unit (including one superintendent’s unit), approximately 3,101 net square feet of community facility space, and approximately 11,025 gross square feet of commercial space property located in Bronx, New York.
- Sam serves as a member of the Gotham Society Executive Committee for Enterprise Community Partners.
Capabilities
SERVICES AND INDUSTRIES
News & Insights
Credentials
Admissions & Certifications
- New Jersey
- New York
Education
- Benjamin N. Cardozo School of Law, Yeshiva University, J.D., 2013 (summa cum laude, Order of the Coif)
- Yeshiva University, B.S., 2009 (summa cum laude)