MARK BORAK


Phone: (202) 293-8200
Fax: (202) 872-0145
mborak@krooth.com

Education

American University, J.D., cum laude, 2013
Cornell University, B.A., 2006

Bar Admissions

The District of Columbia
Maryland

Associations

Maryland State Bar Association
American Bar Association

Practice Areas

Real Estate Finance
Fannie Mae & Freddie Mac

Mr. Borak represents national mortgage lenders in a variety of multifamily real estate financing transactions, focusing primarily on loans to be purchased under Fannie Mae and Freddie Mac programs. His practice traverses a variety of different financing structures, including conventional loans, bridge loans, mezzanine financing, and assumptions.  Increasingly, Mr. Borak has focused on affordable housing transactions that feature project-based HAP contracts, 4% and 9% LIHTC, multi-layered subordinate debt, state and local tax exemptions, and cash-collateralized bond issuance.

Prior to joining the firm as an associate, Mr. Borak worked as a paralegal at Krooth & Altman, volunteered with nonprofit housing developer Manna, Inc., and spent a summer working on HUD-insured affordable housing transactions with the firm Klein Hornig LLP.