Shearman & Sterling represented Solow Realty & Development Company LLC with respect to four mortgage loans from JPMorgan Chase in the aggregate amount of $500 million in connection with the refinancing of four multi-family properties on the Upper Eastside of Manhattan. Collectively, the properties comprise approximately 750 luxury rental units, and three of the buildings contain parking lots.

The four multi-family properties were the only assets in a securitization that closed recently. 

The Shearman & Sterling team included associate Andrew Smook and counsel Peter Strauss (all New York-Real Estate).