Stephen Cerniglia is a partner in Alston & Bird’s Real Estate Group, specializing in commercial real estate finance. He represents a range of financial institutions, including commercial and investment banks, insurance companies, and funds, in various loan transactions such as permanent, bridge, and construction loans, mezzanine financings, and credit facilities. These loans are secured by various property types, including office buildings, shopping centers, multifamily developments, raw land, industrial properties, student housing, hotels, casinos, and mobile home parks across the U.S. and Puerto Rico, with structures ranging from single-asset loans to complex cross-collateralized transactions involving multiple assets across different jurisdictions.
With extensive experience in negotiating intercreditor, co-lender, and participation agreements, Stephen also advises lenders on their rights and obligations within the debt stack. He is actively involved in restructuring distressed commercial real estate loans, including construction loans, land loans, and credit facilities, and represents lenders in foreclosure proceedings for commercial loans.
Additionally, he provides guidance to financial institutions on the purchase and sale of commercial loans, including financing arrangements for acquisitions. Since 2015, Stephen has been recognized in The Best Lawyers in America® for his expertise in Real Estate.
