David E. Herold is a Partner in our Banking and Commercial Lending Group. He represents institutional lenders financing multifamily and commercial properties and documenting credit facilities for middle market and small business borrowers.
His lending experience includes transactions in conventional mortgage, construction, leasehold, mezzanine, and receivable financing, bridge financing related EB-5 Immigrant Investor Program projects, and capital improvement loans to condominiums (pursuant to Section 339-jj of the New York Real Property Law) and homeowner associations. Although much of his practice is focused on multifamily properties, the subject real estate collateral of his transactions spans a vast range from small mixed-use buildings to landmark properties, including New York City’s renowned Flatiron Building.
He has drafted numerous sets of loan document packages for local, regional and national lenders currently used as their standard forms for the designated products.
He acts as counsel to banks in connection with general banking and cash management matters, including negotiation of inter-creditor agreements, lockbox, block and control agreements, and other account agreements.
He also lectures to trade groups and clients on a wide range of subjects: from specific topics in commercial lending and New York title insurance to procedures for attorneys and paralegals in commercial lending groups.
Mr. Herold graduated from St. John’s University School of Law and earned his Bachelor of Science in Finance from Boston College. He is also an alumnus of Chaminade High School, 1987.
Admitted to practice in the State of New York and the United States Supreme Court, he is a member of the New York State Bar Association.
Active in his community, Mr. Herold serves as a Director of the Real Estate Institute at Stony Brook University. He also serves on the Board of Directors of Long Island Cares/The Harry Chapin Food Bank, Inc. and currently chairs its Fundraising and Development Committee.
Boston College, B.S., 1991
St. John’s University School of Law, 1996
Chaminade High School, 1987
U.S. Supreme Court
New York State Bar Association
United Cerebral Palsy Association of Suffolk County – Honoree (2015)
Harry Chapin Humanitarian Award (March, 2019)
Past Teaching/Speaking Engagements
Metropolitan Mortgage Officers Society, 2014 – Lending Money To Condominium and Home Owner Associations Secured by Future Common Charges and Assessments
Metropolitan Mortgage Officers Society, 2015 – Lending Concepts Related to the EB-5 Immigrant Investor Visa Program
Private Client seminars, 2016, 2017, 2018
Long Island Cares/The Harry Chapin Food Bank, Inc., Board Member 2009-present
Real Estate Institute at Stony Brook University, Board Member 2021
Outside the Office
David is an avid, yet mediocre, skier and likes to think he can play guitar.