Riccardo D. Ventresca
Rubin, Ehrlich & Buckley P.C.
Crossroads Corporate Center
3150 Brunswick Pike, Suite 310
Lawrenceville, NJ 08648
Phone: (609) 637-9500
Fax: (609) 637-0001
Web Site: http://www.lawreb.com
Email: rventresca@lawreb.com
Profile:
Mr. Ventresca’s practice is focused primarily in the areas of real estate and commercial finance. In addition to representing various clients regarding the sale, acquisition, financing and leasing of commercial real estate, he also represents numerous financial institutions engaged in the origination, securitization, servicing, assumption and modification of complex commercial mortgage loans and mezzanine financing. His representation of financial institutions has involved a wide range of property types including student housing, full amenity mobile home communities, flagged hospitality sites, medical office buildings, hospitals, multi-family apartment complexes, office buildings and large retail shopping centers and malls throughout the United States. On a local basis, Mr. Ventresca also represents borrowers and regional banks in the structuring, negotiating and closing of commercial real estate acquisition, refinance and construction loans, as well as IDA and SBA financing. Over the past 24 years, he has also represented lending institutions, loan servicers and borrowers regarding mortgage foreclosures, loan workouts and the restructuring of real estate and business asset loans.
Prior to joining Rubin, Ehrlich & Buckley, P.C., in 1998, Mr. Ventresca worked with several national title insurance companies on a consulting basis dealing specifically with the underwriting, negotiation, closing and issuance of multi-million dollar commercial title insurance policies. He continues to represent various title insurance companies and agents concerning a broad range of title insurance issues including claims and policy issuance.
Mr. Ventresca is a member of the Pennsylvania Bar Association (Real Property, Probate and Trust Section). He has previously served on the Board of Directors and as chief counsel to Resolute Savings and Loan Association, a Pennsylvania chartered savings and loan association. He is a graduate of Villanova University Law School and Villanova University.
Representative Matters:
Represented a mortgage lender and mezzanine lender in connection with the origination and closing of a $70,000,000.00 five property flagged hospitality portfolio in Pennsylvania structured with A/B mortgage notes, mezzanine loan C notes and intercreditor agreements between note holders.
Represented a loan servicer in connection with the assumption of a $160,000,000.00 mortgage loan with regard to a tenant-in-common purchaser of a high-rise office building located in Massachusetts, and the negotiation of an intercreditor agreement with regard to the issuance of an additional $50,000,000.00 mezzanine loan.
Represented a mortgage lender in connection with origination and closing of four separate multi-property loan portfolios totaling $315,000,000.00 and involving forty-five mobile home community properties throughout Florida, Nevada, Arizona, Texas, Colorado, North Carolina and California. Several of the loan closings were structured as New York style defeasance transactions.
Represented a loan servicer in connection with the assumption of a $40,000,000.00 mortgage loan with regard to a purchaser of an office building located in New Jersey. The transaction was made compliant under Shariah law by utilizing master leases and subordination agreements.
Represented a mortgage lender in connection with the origination and closing of a $60,800,000.00 leasehold mortgage of a high-rise student housing complex in Pennsylvania, along with the negotiation of an intercreditor agreement with regard to the issuance of an additional $15,000,000.00 mezzanine loan. For real estate tax purposes, the transaction was structured utilizing a ground lease and sub-ground lease of a portion of a property owned by a municipal redevelopment authority.
Represented a mortgage lender in connection with the origination and closing of a $32,000,000.00 leasehold mortgage of a medical office building in Maryland utilizing an indemnity deed of trust structure.
Represented a mortgage lender in connection with the origination and closing of a $26,000,000.00 leasehold mortgage of a hospital building in New York. The transaction was structured utilizing a portion of property under a ground lease from a municipal industrial development authority, along with an IDA lease and PILOT agreement.
Practice Areas:
Commercial Lending, Structured Finance and Securitization
Commercial Real Estate
Foreclosure and Creditor’s Rights
Business Formation and Structure
Bar Admissions:
Pennsylvania, 1985
Federal Courts:
U.S. District Court, Eastern District of Pennsylvania, 1986
Education:
Villanova University School of Law, 1985, J.D.
Villanova University, 1980, B.A.
Classes/Seminars Taught:
North Carolina Bar Foundation - Continuing Legal Education
2005-Topic Coordinator and Speaker
“Conduit Lending: SPE’s, BRE’s, LLC’s, TIC’s and Mezzanine Financing”
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