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Walter D. Enick

Of Counsel
fax +1 412.394.2555

Walter D. Enick represents financial institutions and owners in commercial real estate loan transactions, and advises on structuring, negotiating, and documenting different types of commercial real estate financings for a wide variety of real estate projects.

He works with national and regional financial institutions on both single bank and syndicated loan transactions for multi-family, office, retail, hospitality, condominium, land and mixed-use real estate projects. With a decade of experience within the law department and the business unit of a national lender, he knows the challenges his financial institution clients face and is often viewed as an “inside counsel” when the bank loan officers work through the potential structures of a transaction. He has earned a reputation for bringing large complex transactions to closing under tight deadlines.

Regional real estate developers and other owners have engaged him on their commercial real estate financing transactions and other real estate projects. His experience working with lenders provides him with a unique skill set when he represents the developers and owners.

Education

J.D., Duquesne University School of Law, Pittsburgh, Pennsylvania, 1982
B.S., The Wharton School of the University of Pennsylvania, Philadelphia, Pennsylvania, 1975

Memberships

National Association of Industrial and Office Properties

Pittsburgh Chapter of the Association for Corporate Growth

Urban Land Institute

University of Pennsylvania/Wharton Club of Western Pennsylvania

Allegheny County Bar Association (Real Estate and Business Law Sections)

State Bar Licenses

Pennsylvania

Court Admissions

U.S. District Ct., W.D. of Pennsylvania

Experience:

  • Represented the agent bank in a $60 million real estate construction loan for a project that included office space, retail space, a full-service hotel and an on-site parking garage; the capital stack for the project was complex, consisting of: the agent’s loan, an $11 million second mortgage, two New Market Tax Credit loans, a tax incentive financing loan, an urban redevelopment authority loan and an intercreditor agreement
  • Represented the agent bank in a $107.5 million real estate construction loan for the headquarters office complex of a publicly traded company
  • Represented the agent bank in a $74 million real estate construction loan for the headquarters office complex of a publicly traded company
  • Represented the agent bank in a $50 million real estate construction loan with an urban redevelopment authority second mortgage loan and an intercreditor agreement; the project consisted of luxury apartments, ground floor retail space, and an on-site parking garage
  • Represented the agent bank in a $49 million real estate construction loan for a retail shopping center
  • Represented the bank in a $48 million acquisition loan for a four-building office complex made to tenant-in- common borrowers with subordinate financing
  • Represented the bank in a $29 million real estate construction loan for student apartments at a major university
  • Represented the bank in a $27 million real estate construction loan for a for-sale condominium development at a ski resort
  • Represented the bank in a $32 million real estate construction loan for a big box retail shopping center
  • Represented the owner in connection with the acquisition, development, and construction of a 115-bed assisted living facility, including site acquisition, drafting and negotiating construction agreements, and negotiating loan documents for the financing
  • Represented the newspaper owner in connection with the development and construction of a newspaper printing facility including site acquisition, use variance, drafting and negotiating the construction contracts, and negotiating the equipment purchase contracts
  • Represented the real estate developer in connection with the refinance of 2 office buildings
  • Represented the real estate developer in connection with a construction loan for a single-family residential development
  • Represented the real estate developer in connection with the acquisition of the land for a two-phase housing development

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