About Kenneth G. Lore

Ken Lore has developed a nationally recognized real estate finance practice based upon his representation of owners, developers, investors and lenders by creating complex equity, debt financing structures and insolvency/workout matters. His transactions involve multifamily rental properties, mixed use development, affordable housing, public-private partnerships, office buildings and other commercial projects. Ken has also had significant experience in dealing with restructuring and disposition of distressed assets (mortgage loans, mezzanine loans, asset-backed securities and other asset types), including representation of the Resolution Trust Corporation, lenders, underwriters and developers.

Solving complex real estate financing problems others can't

Clients do not come to Ken for a cookie-cutter deal or approach. Owners, developers, equity investors, lenders and other deal participants seek him out when they have stubborn problems others can't solve. He has frequently created entirely new financing structures that paved the way for third-party investors and governmental entities to provide critical and necessary funding. Ken secured Internal Revenue Service private-letter rulings supporting the structures and has gone on to use and improve those structures many times, making refinements to take advantage of changes in laws and market conditions.

Similarly, Ken has developed structures and received Securities and Exchange Commission no-action letters for real estate to facilitate transactions that had not previously been possible. He was also involved in the original drafting of the LIHTC provisions of the Internal Revenue Code (Section 42).

Due to the diversity of Ken's practice and the fact that he has worked on so many complex transactions, he is able to develop creative solutions to his clients' problems. He knows from extensive experience what will and will not work in various economic and market conditions. He understands his clients' businesses and how to achieve their objectives. As a result, Ken is able to help his clients develop and take advantage of innovative structures to make the projects they have become reality and solve difficult problems facing new and existing developments.

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Practice Focus

  • Representation of owners and developers of all types of real estate assets
  • Public-private financings and developments
  • Representation of banks, mortgage bankers, investment bankers, contractors, state and local housing finance agencies, pension funds, real estate investment trusts (REITs), investment companies, pooled investment funds and syndication companies
  • Sophisticated financings involving asset-backed securities, taxable and tax-exempt debt, mezzanine debt and equity, convertible loans, credit enhancements, structured finance and secondary market transactions
  • All kinds of affordable housing, community developments and tax oriented deals including low-income housing tax credits (LIHTC), new market tax credits (NMTC) and historic tax credits
  • Restructuring and disposition of distressed assets
  • Opportunity zone financings