Mr. Steven H Schram

Practice Details

• Payment Information
  Payment & Cost Features

  Free initial consultation
  Fixed hourly rates: $225 - $550/hr
  Fixed fees available
  
• Firm Information
  Position

  Managing Partner

  Firm Name

  Shapiro, Lifschitz and Schram, P.C.
• Representative Cases & Transactions
  Transactions

  Steve represented a minority owner of a substantial Washington, DC suburban office building complex whose real estate interests were embroiled in a massive legal dispute between several persons who sought control over the office building complex. Steve artfully forged an alliance (involving months of late night negotiations and many all night drafting sessions) between several factions in the dispute and teamed up with the firm's trial practice group to leverage a resolution which ended the litigation, established a clear management path for the office building complex and allowed the firm's client to maximize the cashflow from and the value of his ownership interest in the office complex. Steve represented a group of individuals that had assembled a large number of marina related parcels with the objective of developing, owning and operating a deep water marina, hotel, office and retail complex in the Florida Keys. Steve was instrumental in negotiating a very complex joint venture arrangement which brought development expertise to the project, a substantial equity infusion, first mortgage and mezzanine financing, while minimizing the client's ongoing risks in the project. The negotiations were extremely time sensitive, a number of the parties to the transaction were emotional and temperamental, and the viability of the project stood in the balance. Steve's client was able to close the transaction within the necessary timeframes, the project was properly funded for its next phase and the client was able to achieve its financial objectives. Steve represented the seller in a very large asset sale involving multiple automobile dealerships in the Washington, DC Metropolitan Area. The purchaser was a large publicly held company. The transaction involved significant due diligence efforts, complex transfers of assets and financing arrangements, multiple lease and sublease transactions, a complex transition of operations to the purchasing entity including multiple operating contract assignments, all of which took place over many months. Working closely with the client, Steve's tireless efforts with the client over many months resulted in a timely closing to the full satisfaction of the client. Other transactions in which Steve played a major role include: Sale of a Sheraton Four Points Hotel, Fairfield Inn and Best Western Hotel; Acquisition, Demolition and Development of Condominium Hotel in Key West, Florida; Land Acquisition, Development, Leasing and Sale of Mixed Use Project; Private Placement of Equity and Bank Financing for Development and Operation of Banquet and Catering Hall in Northern Virginia. Private Placement of Equity for Middle East Based Insurance Company; Private Placement of Equity (First and Second Round Financing) for Development and Operation of Online Content Subscription Business; Sale of Portfolio of Automobile Dealerships in Washington, DC Area; Sale of Assets by Magazine Subscription Service to Publishing Company; Stock Redemption Transaction (LBO) for Major Furniture Retail Company; Succession Plan for Management Consulting Company; Merger of Washington, DC Based Public Relations Firms; Financing of Shopping Center Portfolio by Washington Based Developer/Operator; Capitalization and Financing of Insurance Premium Finance Company.