Lydia concentrates her practice in the areas of commercial lending, real estate and public finance.
Lydia has represented both lenders and borrowers in real estate acquisition, construction, permanent mortgage and mezzanine financings. She has significant experience in real estate workouts and debt restructuring transactions. She has also represented real estate development companies and investment funds in connection with the formation of joint ventures to acquire, construct, and manage properties.
Lydia has extensive experience in structuring, negotiating and documenting commercial loan transactions and other credit accommodations, secured and unsecured, including revolving credit and term loan facilities, syndicated and participated credits, letters of credit and bankers acceptance financings, asset-based financings, liquidity facilities and tax-exempt financings, as well as debt restructurings and workouts. She has also represented lenders in connection with senior secured credit facilities to finance acquisitions, and has negotiated and documented intercreditor agreements.
Lydia also has experience in general corporate, commercial and real estate matters. She has negotiated and drafted contracts relating to a variety of commercial transactions, including acquisitions and divestitures, leases, easements, and management agreements.
Lydia is a member of the Board of Regents of the American College of Mortgage Attorneys, a national honorary organization of counsel in the field of real estate finance, of which she has been a fellow since 2008. She also serves as co-chair of ACMA's Opinions Committee.
Lydia has recently been elected a fellow of the American College of Real Estate Attorneys, the premier organization of real estate lawyers in the United States.
Lydia has been included in the New JerseySuper Lawyers listing since 2005 and was listed as one of New Jersey's Top Rated Lawyers in both Real Estate and Banking & Finance byInside Jersey Magazine. She has an AV PreeminentMartindale-Hubbell Peer Review Rating.
•Represented Wells Fargo Bank, N.A. as Administrative Agent in a $192.5 million syndicated secured revolving credit facility (including letters of credit, acceptances and swing line loans) to Atalanta Corporation, a multinational food importer, and its affiliates.
•Represented the tenant, the U.S. affiliate of the manufacturer and distributor of Waterford crystal, Wedgewood china and other luxury tableware, in the negotiation of a ten-year net lease for a 278,000 square feet, single tenant industrial warehouse building in Monmouth County, New Jersey, to serve as the North American headquarters and distribution center for Waterford Wedgwood.
•Represented Bank of America, N.A. as senior secured lender in connection with a $50,000,000 taxable fixed rate term loan to a regional multi-facility hospital and healthcare system, secured pursuant to the borrower's master trust indenture.
•Represented Bank of America, N.A. in connection with senior secured credit facilities aggregating $41.5 million, including a term loan to partially finance an acquisition, a revolving credit facility for working capital purposes, an equipment line of credit, and an acquisition facility to finance permitted acquisitions in the future, to an industry world leader in the design and manufacture of prefabricated modular steel bridges.
•Represented Wells Fargo Bank, N.A. as senior secured lender in connection with the refinancing of a $50 million revolving credit facility (including letters of credit, acceptances and alternative currencies) to a manufacturer/supplier of personalized business gifts and promotional items.
•Handled all real estate mortgage collateral matters in connection with the Firm's representation of the Administrative Agent in a syndicated secured credit facility aggregating almost $118,000,000 to the owner/operator of five Broadway theaters in New York City.
•Represented Bank of America, N.A., as senior secured lender in connection with the refinancing of aggregate credit facilities of $36 million to a human tissue bank, which facilities include a revolving line of credit with a letter of credit subfacility, an equipment line of credit and equipment term loans.
•Represented The Provident Bank in its purchase of a $32,267,000 tax-exempt New Jersey Educational Facilities Authority Revenue Bond, Bloomfield College and Seminary Issue, 2013 Series A, the proceeds of which were used to finance, among things, the construction and equipping of a student residence hall on the campus of Bloomfield College.
•Represented a property owner in the negotiation and documentation of a joint venture with GreenVest LLC, a strategic land use and environmental planning firm, to develop a wetland mitigation bank projected to produce approximately $12.5 million of marketable wetland mitigation credits.
•Represented the property owner in extensive negotiations and documentation of a perpetual, non-exclusive easement for underground electric transmission lines in favor of an affiliate of Competitive Power Ventures, Inc., with the objective of preserving the future development prospects of the property.
•Represented a national commercial finance company in connection with a $68 million four-year, non-revolving asset sale and repurchase facility with Macquarie Bank Limited, covering a pool of commercial real estate mortgage loans.
•Represented Bank of America, N.A. as senior secured lender in connection with a $17,000,000 revolving credit facility to provide working capital and acquisition funding to the leading sightseeing bus tour operator in New York City.
•Represented a publicly-traded hospitality REIT in the negotiation, structuring and documentation of a deed-in-lieu of foreclosure conveyance of a hotel property to an affiliate of LNR Partners, as the special servicer of a defaulted $20 million CMBS loan.
•Represented the property owner (a joint venture between a NJ-based developer and an affiliate of Fidelity Investments), as borrower, in connection with a $44.7 million syndicated construction loan with Wells Fargo Bank, N.A., as Administrative Agent, the proceeds of which were used to renovate and reposition a vacant suburban NJ office building.
•Represented Bank of America, N.A., and Banc of America Leasing & Capital, LLC in connection with the restructure of the aggregate outstanding secured indebtedness (over $1 billion) of a major New Jersey multi-facility healthcare system under its master trust indenture.
•Represented Bank of America, N.A. in connection with both the issuance and the amendment/extension of a direct pay letter of credit supporting $88,555,000 New Jersey Health Care Facilities Financing Authority Revenue Bonds for AHS Hospital Corp., secured under the obligor's master trust indenture.
•Represented Bank of America, N.A. as liquidity provider under a standby bond purchase agreement with Meridian Hospitals Corporation in connection with the conversion of a $97 million tranche of New Jersey Health Care Facilities Financing Authority Revenue Bonds from auction rate to variable rate bonds.
•Represented New Jersey-based developer in the negotiation of the terms of a joint venture with an affiliate of BlackRock to acquire and develop commercial/industrial property in the Port Newark area; represented same developer in connection with acquisition financing of the property.
•Represented the purchaser in connection with the acquisition of 100% of the equity of a produce and specialty foods distributor with revenues in excess of $30 million per year, which acquisition included a real estate component.
•Represented institutional real estate investment fund in connection with $110 million revolving credit facility from Bank of America, N.A. and 14 separate mortgage loans pursuant to such facility.
•Represented institutional real estate investment fund in connection with $130 million syndicated credit facility from Bank of America, N.A., secured by a pledge of fund investors' capital commitments.
Before Edwards Wildman
Lydia began her legal career as a corporate associate at Rogers & Wells, working in their New York City and London offices. Prior to joining the Firm, she was a Business and Finance Partner at a New Jersey office of another AmLaw 100 firm.
Besides Edwards Wildman
Lydia is on the Board of Directors of Dress For Success Morris County. Under the auspices of the Leadership Council on Legal Diversity, Lydia mentors a law student at Seton Hall Law School. She also participates in the work of the Pro Bono Partnership and the ABA Military Pro Bono Project.