Joseph Forte is a partner in the real estate department of our New York office. Mr Forte has substantial experience in commercial real estate capital markets and finance, with a particular emphasis on the origination, structuring, workout and enforcement of commercial mortgage loans. His experience includes permanent, bridge and construction mortgage lending; mezzanine finance; pari passu and subordinate debt; co-lending and participation agreements; loan sales and purchases; loan workouts, foreclosures and restructurings; and environmental risk management for lenders. He regularly advises lenders and investors on mortgage banking, doing business licensing, usury, federal pre-emption and investment authority, as well as secondary mortgage and capital markets issues.
Mr Forte has been at the forefront of many major innovations in the real estate finance industry for nearly 40 years. He was involved in the early development of the secondary and securitisation markets for residential, multi-family and commercial mortgages and, in 1988, he developed the programme and loan documents for the first commercial mortgage loan conduit and other early standardised conduit programmes, loan documents and flow purchase programmes.