Burt Allen Solomon practices cooperative, condominium, real estate, non-profit, trusts and estates, banking, and corporate law at the firm’s New York City office.
Currently, his practice focuses on affordable and cooperative housing. Burt has been involved extensively in secured and unsecured financing transactions for housing developments from both, a lender’s and a borrower’s perspective, involving both regulated and unregulated housing. In addition, his extensive experience includes dealing with city, state, and federal housing agencies on behalf of regulated housing developments.
Burt has represented and advised housing developments on widely diverse activities, including financing; requests for financing proposals; corporate and regulatory aspects of low income housing tax credit financing, privatization of government regulated cooperatives, apartment purchase procedures, applications, interview procedures, and legal compliance, including anti-discrimination laws. He also handles specialized real estate transactions, including sales to New York City for perpetual parkland use, sales of commercial condominium units, not-for-profit corporation transactions, easements and licenses of real property, and sales to foreign governments of real property.
Burt is also experienced in advising housing developments concerning specialized issues, such as electricity submetering, governmental investigations, regulatory compliance, placements of apartments into trusts, sales of apartments for commercial uses, advising on cooperative corporate governance, including disputed elections, directors’ responsibilities and other maintenance and operation issues, and drafting governing documents (certificates of incorporation, by-laws, proprietary leases, occupancy agreements and house rules). He also advises cooperatives about estate and trust matters affecting them.
Burt returned to private practice in 1990, after 12 years with Bank Hapoalim B.M., much of that as head of its U.S. Legal Department, where he gained expertise in areas as diverse as domestic and international commercial lending, federal and state bank regulatory compliance, interstate and international transactions, and bank operations and management. His banking practice has included areas such as commercial lending, wire transfers, funds transfer systems, federal and state banking and consumer regulations compliance, fidelity bond claims, money laundering and fraud issues, and bank secrecy and commercial aspects of bankruptcy matters.
After law school, Burt clerked for two federal judges in the U.S. District Court for the Eastern District of New York.