Mr. Krug’s practice has focused for more than 25 years on the debt and equity financing of multifamily housing with a heavy emphasis on residential rental housing with governmental subsidies and limitations on the income earned and rentals payable by residents.
Mr. Krug represents most of the largest commercial banks in connection with the origination of construction and permanent loans secured by multifamily real estate and tax advantaged equity investments in the owners of the real estate.
In the course of such representations Mr. Krug has advised clients in connection with the preparation and negotiation of loan documents, tax exempt and taxable bond transactions and partnership and limited liability company agreements.
Among other transactions, Mr. Krug represented a major bank in the debt and equity financing of the privatization of the public housing portfolio of the San Francisco Housing Authority, the largest transaction of its type in California history.
Mr. Krug graduated from Duke University and obtained his law degree from the University of Chicago Law School.
- Presentations and Teaching Experience
Southwestern Law School, Adjunct Professor
University of Chicago Law School, J.D. 1982
Duke University, A.B. 1979
Prior Law Firm Experience
Paul Hastings LLP
Proskauer Rose LLP