Edward Farrell

Partner

P 212.216.8090   F 212.216.8001
1350 Broadway
New York, NY 10018

 
P 212.216.8090   F 212.216.8001   efarrell@tarterkrinsky.com

Edward Farrell is a partner in the Real Estate Group. His practice encompasses a wide variety of commercial real estate transactions and financing matters, including the purchase and sale of office buildings, multi-family apartment complexes, mixed-use properties and vacant land properties.

Commercial Financing

In commercial loan financing matters, Ed handles sophisticated financing transactions involving the preparation and negotiation of all types of loan documents on behalf of institutional lenders and borrowers. In particular, he focuses on commercial mortgage loans, business line of credit facilities and asset-based lending transactions involving borrowers across a multitude of industries.

Commercial Leasing

Ed has extensive experience in commercial leasing matters representing both building owners, as landlords and business operators, as tenants in lease transactions involving office space, warehouse facilities and industrial sites.  

COVID-19-Related Practice

Due to the impact of COVID-19, Ed's practice also includes:

  • Representing tenants in lease surrender and workout negotiations, including tenant requests for rent relief due to COVID-19.
  • Representing parties in the purchase and sale of personal protective equipment.
Representative Matters:
  • Represented an institutional lender in granting a term loan to a Manhattan parking garage operator for its general working capital which was guaranteed by each of its affiliated entities operating its 26 parking garage locations.
  • Represented an institutional lender in the purchase of a co-lending interest in a $195,000,000 commercial loan to provide liquidity to an asset-based lender that provides financing to companies across various industries.
  • Represented an institutional lender in the purchase of a co-lending interest in a $163,000,000 commercial loan secured by a mortgage lien against a 454-unit multi-family property.
  • Represented an institutional lender in a leasehold mortgage transaction secured by the borrower’s leasehold interest in a ground lease involving a retail and office building.
  • Represented an institutional lender in a commercial mortgage loan to an educational and religious institution secured by a first mortgage lien on its school building.
  • Represented a commercial building owner and operator in the sale of a warehouse and distribution center in Chelsea for $21,350,000 and the purchase of a new facility in the Bronx which involved a straight-lease transaction with the New York City Industrial Development Agency.
  • Represented a commercial building owner in a multi-state 1031 tax-deferred exchange involving the sale of an apartment building apartment complex in Manhattan and the simultaneous purchase of a bar/restaurant and office/industrial site.
  • Represented a commercial building owner in the refinance of a 65,000 square foot mixed-use building comprised of 68 residential units and 2 commercial units that also involved a substantial reorganization of the internal membership structure of the borrowing entity.
  • Represented a commercial building owner in a complex, multimillion-dollar mortgage refinance transaction that involved negotiating the waiver of substantial pre-payment penalties and defeasance charges.
  • Represented a real estate developer in the refinance of a multimillion-dollar mortgage bridge loan transaction to fund the pre-development of a 17-story luxury condominium building.
  • Represented a marketing and public affairs company in an office lease transaction for an entire floor of a prominent midtown Manhattan office building consisting of more than 20,000 square feet, a transaction that involved a complex construction build-out of the space.
  • Represented a fitness center in the lease of commercial spaces for its unique fitness classes designed by an internationally acclaimed celebrity trainer.
Education
  • St. John’s University, B.A. 1986
  • New York Law School, J.D. 1989
Admissions
  • New York
Memberships
  • American Bar Association
  • New York City Bar Association
  • New York State Bar Association
Articles
  • Defining Contractual Best Efforts, New York Law Journal, 2008
  • Selling After Death of an Owner - Special Requirements Exist to Ensure Clear Title is Conveyed in Co-Ops and Condos, New York Law Journal, 2005
  • The TKD Advisor: Mortgage Contingency Clauses: Essential Protection for Purchasers
  • The TKD Construction Advisor - Three Strategies For Dealing With Balking Purchasers
  • The TKD Advisor: Contract Law: What Does Giving Your Best Efforts Mean?
  • The TKD Advisor: Selling Real Estate When One or More of the Owners Have Died
Speaking Engagements
  • “How to Stay Ahead of the Economy,” New York Staffing Association, 2009
  • Advertising Week

    As the world’s premier gathering of marketing and communications leaders, Advertising Week is a hybrid of inspiring thought leadership and highly entertaining and engaging special events, featuring the industry’s best and brightest. Drawing from the brand, agency, technology, startup, media and broader cultural communities, Advertising Week is designed to move the needle on key industry challenges and influence the global industry.

  • apple seeds LLC

    apple seeds LLC is a growing organization that provides indoor playground facilities, classes, birthday parties and other activities. As an emerging and growing business, apple seeds needed a business-minded legal partner who understood the challenges of being a middle market business. They needed help building the company from the ground floor up, and providing a solid foundation for future growth.  

News

Events

  • Tarter Krinsky & Drogin Supports the New York Edge Annual Benefit Luncheon

    Tarter Krinsky & Drogin managing partner Alan Tarter, and Commercial Finance partners Ed Farrell and Sherri Lydell recently attended the New York Edge Annual Benefit Luncheon alongside members of the BankUnited team, whose Chief Operating Officer was honored for his support of access to education in underserved communities.

Education
  • St. John’s University, B.A. 1986
  • New York Law School, J.D. 1989
Admissions
  • New York
Memberships
  • American Bar Association
  • New York City Bar Association
  • New York State Bar Association
Articles
  • Defining Contractual Best Efforts, New York Law Journal, 2008
  • Selling After Death of an Owner - Special Requirements Exist to Ensure Clear Title is Conveyed in Co-Ops and Condos, New York Law Journal, 2005
  • The TKD Advisor: Mortgage Contingency Clauses: Essential Protection for Purchasers
  • The TKD Construction Advisor - Three Strategies For Dealing With Balking Purchasers
  • The TKD Advisor: Contract Law: What Does Giving Your Best Efforts Mean?
  • The TKD Advisor: Selling Real Estate When One or More of the Owners Have Died
Speaking Engagements
  • “How to Stay Ahead of the Economy,” New York Staffing Association, 2009

Edward Farrell

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