About Kenneth G. Lore

Ken Lore, head of the Real Estate practice – East Coast, 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.

Solving complex real estate financing problems others can't

Clients do not come to Ken for a cookie-cutter deal or approach. Owners, developers, lenders and other deal participants seek him out when they have stubborn problems others can't solve. In the restructuring/troubled asset/asset sales area, Ken has (1) represented owners and investors in excess of $1.2 billion in troubled Lehman Brothers assets resulting from the Lehman bankruptcy, (2) represents owners and investors in restructuring of troubled assets, including defaulted municipal bonds, (3) represented several major federal agencies in the restructuring and sale of more than $15 billion troubled real estate-related assets, and (4) represented the largest city in the United States and one of the largest states in connection with a prior financial crisis.

Ken created entirely new financing asset sale and restructuring structures that paved the way for third-party investors to provide critical and necessary funding. Ken has helped secure Internal Revenue Service private-letter rulings supporting structures and has gone on to use and improve structures , 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 mortgage investment conduit (REMIC) and investment company matters 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, including market disruptions. 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.

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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

Presentations and Events

  • National Housing & Rehabilitation Association Virtual Town Hall
    Moderator | Legal Issues Roundtable
    May 28, 2020
  • Moderator | Washington Update: Trump, the 115th Congress and Affordable Housing
    May 8–9, 2017
  • National Housing & Rehabilitation Association Annual Meeting
    Moderator | Where the Rubber Meets the Road: Donald Trump, Tax Reform & The Implications of Tax Credit Development
    February 22–25, 2017
  • National Housing & Rehabilitation Association 2016 Fall Forum
    Moderator | Affordable Housing 2.0: Solutions for Workforce Housing
    November 1–2, 2016
  • Presenter | Diversifying Your Portfolio Through Mixed-Income Housing
    July 20–24, 2016