Mr. Petit is a partner with the firm’s Real Estate Practice Group and a member of the firm’s Executive Committee. He focuses his practice on commercial real estate finance, real estate development investments, and acquisitions and dispositions of retail centers, office parks, residential developments and hotels.
Investment banks, commercial banks and insurance companies have relied on Mr. Petit to assist them as either borrowers or lenders in a variety of U.S. loan transactions, including permanent, interim and construction loan financing, co-lending arrangements, mezzanine finance deals, and mortgage loan workouts.
Mr. Petit counsels commercial investor clients on various aspects of their large real property portfolios. He has represented a purchaser in connection with a multi-billion dollar acquisition of more than 200 properties, a lender with respect to a $105 million loan secured by 14 hotels, and a seller in connection with the sale of two office buildings with an aggregate sales price of $268 million.
A recurring guest lecturer for the “Legal Issues in Hospitality” course at New York University School of Continuing & Professional Studies, Mr. Petit has lectured on negotiating acquisitions and sales of hotels, including discussing common legal pitfalls of hotel investors.
Mr. Petit has been recognized in New Jersey Super Lawyers from 2008-2016, 2018, Chambers USA through 2019, and is listed in the 2013-2020 editions of The Best Lawyers in America. Chambers is published by Chambers and Partners. Super Lawyers is published by Thomson Reuters. Best Lawyers is published by Best Lawyers in partnership with US News and World Report. A description of their selection process can be found in the respective links above. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.