Lydia C. Stefanowicz

Lydia C. Stefanowicz: Attorney with Greenbaum, Rowe, Smith & Davis LLP


Partner, Real Estate Department. Ms. Stefanowicz concentrates her practice in the areas of commercial lending and real estate finance. She provides counsel to both lenders and borrowers in real estate acquisition, construction, permanent mortgage (including CMBS) and mezzanine financings. She has significant experience in real estate workouts and debt restructuring transactions, and represents real estate developers and investment funds in connection with the formation of joint ventures to acquire, develop, construct and manage properties.

Ms. Stefanowicz handles the structuring, negotiation and documentation of both secured and unsecured corporate and commercial loan transactions and other credit accommodations. Her work in this area encompasses revolving credit and term loan facilities, syndicated and participated credits, letters of credit and bankers' acceptances, asset-based financings, liquidity facilities and tax-exempt financings. She represents lenders in the negotiation and documentation of inter-creditor agreements.

Ms. Stefanowicz also has experience in general corporate, commercial and real estate matters. She has negotiated and drafted contracts in connection with a wide range of transactions including acquisitions and divestitures, limited liability company and partnership agreements, leases, easements, and management agreements. Ms. Stefanowicz also has extensive experience in negotiating and drafting third-party closing opinions, including as New Jersey or New York local counsel.


-Listed in The Best Lawyers in America© (a trademark of Woodward/White, Inc.) in the Real Estate Law and Public Finance Law practice areas (2016 – present)

-Listed in New Jersey Super Lawyers (a Thompson Reuters business) in the Banking and Real Estate practice areas (2005-2006, 2008— present)

-Selected for inclusion in Who’s Who Legal – Real Estate (a publication of Law Business Research Ltd.) (2017)

-Martindale-Hubbell® Peer Review Rated AV® Preeminent (a trademark of Internet Brands, Inc.) (2002—)

-Recipient of the NAIOP NJ Chapter President's Award (2008)

-Mentor to law school student under the auspices of the Leadership Council on Legal Diversity

-Participating attorney in the Pro Bono Partnership.

-American College of Mortgage Attorneys (ACMA)

-American College of Real Estate Lawyers (ACREL).

Areas of Practice (4)

  • Real Estate
  • Commercial Transactions
  • Banking and Finance
  • Business Organizations

Education & Credentials

Contact Information:
732.476.3330  Phone
732.476.3331  Fax
Mailing Address:
PO Box 5600, Woodbridge, NJ
University Attended:
New York University, B.A., summa cum laude, 1976
Law School Attended:
University of Virginia School of Law, J.D., 1979
Year of First admission:
1980, New York; 1982, New Jersey
- fellow: American College of Mortgage Attorneys (AMCA); Board of Regents and NJ State Chair; ACMA's designee to Working Group on Legal Opinions (WGLO); former Co-Chair, Opinions Committee (2010-2016); former Chair, Branding Taskforce (2013-2016); member, Strategic Planning Committee; member, Capital Markets Committee

-American College of Real Estate Lawyers (ACREL): Secretary, Attorney Opinions Committee; member, Capital Markets Committee

-Member, NAIOP NJ chapter: Co-Chair, Legal Action Committee; member, Gala Committee; former Co-Chair, Public Relations Committee

-New Jersey State Bar Association: Board of Directors, Banking Law Section; Board of Directors, Business Law Section

-Board of Directors, Dress For Success Morris County

Russian; Polish
Birth Information:
*** Represented an affiliate of a publically-traded REIT, as borrower, in the negotiation, structuring, documentation and closing of a $250 million non-recourse CMBS mortgage loan, secured by a 1.25 million square feet office building in Jersey City, New Jersey *** Represented a New York City public charter school in connection with a construction dispute and debt restructure, including additional tax-exempt and taxable financing through Build NYC Resource Corporation *** Represented a major national bank in connection with a $100 million unsecured revolving line of credit (including a letter of credit subfacility) to a leading retailer of electronics *** Represented property owner, a Delaware limited partnership with multiple tiers of ownership, as borrower in connection with a $27.4 million limited recourse permanent mortgage loan to refinance the existing indebtedness on an Edison, New Jersey office property *** Represented Wells Fargo Bank as senior secured lender in connection with the structuring, negotiation, documentation and closing of a $75 million revolving line of credit facility to a multinational generic pharmaceuticals manufacturer and distributor and its affiliates, as borrowers, as well as an intercreditor agreement with a concurrent secured lender *** Represented Agent bank in a $222.5 million syndicated senior secured revolving credit facility (including letters of credit, bankers' acceptances and swing line loans) to a multinational food importer and its affiliates *** Represented property owner (joint venture between a developer and an affiliate of Fidelity Investments) in connection with a $44.7 million syndicated construction loan with Wells Fargo Bank as Agent, the proceeds of which were used to renovate and reposition a vacant suburban office building *** Represented an insurance company lender in connection with an intercreditor agreement with a junior construction lender and the modification of a $31 million original principal amount loan secured by a single tenant industrial property in South Brunswick, New Jersey *** Represented senior secured lender in connection with credit facilities aggregating $41.5 million, including a term loan to partially finance an acquisition of a steel mill and manufacturing facility, 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 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 its North American headquarters and distribution center *** Represented senior secured lender in connection with the restructure of aggregate credit facilities of almost $52 million to a human tissue bank, with a letter of credit sub-facility, an equipment line of credit and equipment term loans *** Represented senior secured lender in connection with a $50 million taxable fixed rate term loan to a regional multi-facility hospital and healthcare system, secured pursuant to the borrower's master trust indenture *** Represented a bank purchaser of a $32,267,000 tax-exempt New Jersey Educational Facilities Authority Revenue Bond, Bloomfield College and Seminar 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 the 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 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 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 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 a $110 million revolving credit facility for investment property acquisitions and 14 separate mortgage loans pursuant to such facility *** Represented Agent bank in a $50 million syndicated secured revolving credit facility (including letters of credit, alternative currencies, bankers' acceptances and swing line loans) to a manufacturer/supplier of personalized business gifts and promotional items *** Represented an affiliate of a publically-traded REIT, as borrower, in the negotiation, structuring, documentation and closing of a $124.5 million non-recourse CMBS mortgage loan, to finance a portion of the purchase price of a portfolio of Class A office buildings in Short Hills, New Jersey

Peer Reviews

  • 5.0/5.0
  • A Martindale-Hubbell Peer Rating reflects a combination of achieving a Very High General Ethical Standards rating and a Legal Ability numerical rating.

*Peer Reviews provided before April 15, 2008 are not displayed.

Client Reviews

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Woodbridge, New Jersey

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