Steven H. Schram

Steven H. Schram

Attorney Profile

Top Rated Business & Corporate Attorney in Washington, DC

Shapiro, Lifschitz & Schram, P.C.
 | 1742 N St NW, Washington, DC 20036
Phone: 202-689-1900
Fax: 202-689-1901
Selected to Super Lawyers: 2008 - 2009, 2013 - 2019
Licensed Since: 1978
Practice Areas:
  • Business/Corporate (60%),
  • Real Estate: Business (30%),
  • Mergers & Acquisitions (10%)
Attorney Profile

Steven H. Schram ("Steve") is Co-President of Shapiro, Lifschitz & Schram and serves as the firm's managing principal. Steve's broad range of seasoned experience in finance and accounting sets him apart from other attorneys in his field. His decorated educational background includes studies in finance and accounting at the Wharton School of the University of Pennsylvania, and corporate- and tax-oriented legal education at Georgetown University Law Center. Steve gained real-world experience in these arenas as an audit staff member with Ernst & Young, CPAs and during a five-year engagement as COO, CFO and general counsel to Washington, DC's largest furniture retailer. This experience, coupled with over 26 years in private law practice, makes Steve uniquely qualified as the "go-to" business and transactional attorney for entrepreneurs and small- to middle-market businesses in the Washington, DC area.  Steve's practice covers the areas of business, commercial transactions, corporate, real estate and tax. He has extensive experience in negotiating, structuring and documenting a broad range of complex transactions, including: business/entity formations (including the development of capital and governance structures for corporations, joint ventures, partnerships, limited liability companies and trusts); mergers, sales and acquisitions of business entities and business assets; acquisitions, sales, leasing and financing of real estate assets; and secured and unsecured financing transactions.  Closely allied to these skills, and of great benefit to his clients, is Steve's depth in other areas affecting business entities, including: structuring and negotiating a broad range of business contracts; executive employment contracts and executive compensation arrangements; service agreements; licenses for intellectual property; healthcare contracts and ventures; management agreements; factoring agreements; and retail private label finance agreements. Because of Steve's broad business and transactional experience, entrepreneurs and business entities frequently turn to him to serve as their general and special counsel. For organizations who either have chosen not to devote resources to in-house counsel or seek an outside resource to complement their in-house counsel capability, Steve serves as an integral, trustworthy part of their team. Steve represents clients in a variety of industries, including: real estate ownership, development and management; real estate brokerage; hotel ownership and development; retail; automobile dealerships; catering facilities; financial services; sports management; credit card processing; healthcare; professional and other services; public relations; premium finance; internet services, among others. As a Martindale-Hubbell AV-rated attorney and with multiple appearances in peer group listings such as "Super Lawyers" (Law and Politics) and Biltmore Who's Who, Steve has been recognized as an attorney of the highest level of competence and the highest level of integrity and ethics. Steve enjoys the complexity, creativity and challenges involved in the practice of law and is genuinely caring and passionate about the representation of his clients. He strongly believes in the value of careful preparation, paying excruciating attention to details ("respecting the legal document", as he describes it), bringing creativity, practicality and a business perspective to transactions, and being extremely responsive to the needs of clients. One client recently commented, "Steve has an unparalleled ability to capture what you're trying to accomplish." Steve brings new meaning to the "24/7 service" concept, as he believes that "time generally works against a transaction," and he will work around the clock to combat this threat. Steve's very personal involvement with his clients, deep knowledge of the law and his devotion to its practice is reflected in his many long-term client relationships that are based on mutual respect and trust. One of Steve's greatest client compliments came in the form of this statement, "My guys are at least as good as the opposing counsel. They do a spectacular job and truly invest in the client relationship in order to provide me with custom-tailored advice." What is even more intriguing is that clients recognize and often comment on Steve's sophisticated finesse of managing strong and friendly relations with opposing counsel, making difficult transactions go off without a hitch.

About Steven Schram

Admitted: 1978, Washington D.C.

Professional Webpage: http://www.slslaw.com/steven-schram

Honors/Awards:

  • The Anti-Defamation League (ADL) will honor Steve Schram on October 12, 2013 with its prestigious Achievement Award.  The award recognizes Steve for his many years of tremendous leadership as ADL’s Washington, DC Regional Board Chair, his deep commitment to improving the community, and his lifelong pursuit of the ideals and values of ADL. Steve accepts this award not for the personal recognition, but for the support that the event will provide the ADL and its critically-needed work combating bigotry and intolerance.  ADL celebrates its 100th anniversary this year as one of the nation’s foremost civil rights organizations.  Dedicated to fighting prejudice and securing social justice, the ADL serves as a leader in building bridges of communication, understanding, and respect among diverse groups around the world.  Never have ADL’s efforts to uphold these values been more urgent.  Through its civil rights, community service, law enforcement, and educational programs and services, the ADL impacts the local, national, and international community. , Anti-Defamation League Achieve Award, 2013
  • Steven H. Schram has earned the SuperLawyers designation awarded by Law & Politics in 2008 and 2009

Pro bono/Community Service:

  • Since 2008, Steve has served on the Executive Committee and as General Counsel to the Joan Hisaoka "Make a Difference" Gala benfitting Smith Center for Healing & the Arts, Life with Cancer and the Brem Foundation.
  • Steve serves on the Advisory Board of the University of Pennsylvania in the Mid-Atlantic Region.
  • In February 2008, Steven H. Schram was appointed the Chairman of the Board for the Anti-Defemation League's Washington, D.C. Region and continues to serve in that position.

Transactions:

  • Shirley Highway Distribution Center, LLC - 85,000 square foot lease of 5650 General Washington Drive to Regency Furniture (Alexandria, Virginia)
  • Marlo Plaza III Home Furnishings Center Limited Partnership - 89,000 square foot lease of 725 Rockville Pike to Regency Furniture (Rockville, Maryland)
  • Marlo Plaza II Home Furnishings Center Limited Partnership - 93,000 square foot lease of 13450 Baltimore Avenue to Regency Furniture (Laurel, Maryland)
  • Marla Plaza I Home Furnishings Center Limited Partnership - 17,000 square foot lease of 3300 Marlo Lane to Regency Furniture (Forestville, Maryland)
  • Ocean Bay Holdings, Inc. (d/b/a Merchant Data Systems) - Merger/Combination of Ocean Bay Holdings, Inc. and Company.com Corp. (Miami, Florida)
  • FAH Acquisition Holdings, LLC - Sale of Marlo Furniture Company Assets (Washington, DC - Metropolitan Area)
  • BJL Productions, Inc. - Sale of Assets of Showcall, Inc. (Halethorpe, Maryland)
  • Advertising, Etc., LLC - Acquisition of Promotional Product Business (Potomac, Maryland)
  • Colfeld, LLC and Affiliates - $45,000,000 Sale of Square 701 (Washington, DC)
  • The Bernstein Companies - $50,500,000 Sale of Campus Commons I and II (Reston, Virginia)
  • The Bernstein Companies - $9,925,000 Sale of Aerospace Building (Greenbelt, Maryland)
  • Regal Towers Property, LLC - $17,000,000 Acquisition, Financing and Refinancing of Regal Towers Apartments (Southfield, Michigan)
  • New Central Avenue - $53,787,905 Participating Mortgage Loan Financing (Lawrence, New York)
  • Jim Coleman Automotive - Acquisition of KIA Motors Dealership (Silver Spring, Maryland)
  • The Bernstein Companies - $18,000,000 Refinancing of Annapolis Commerce Park (Annapolis, Maryland)
  • The Bernstein Companies - $17,300,000 Acquisition and Financing of 3325 Toledo Road and Metro I Building at University Town Center (Hyattsville, Maryland)
  • 5050 Falls Road Hotel, LLC - Sale of Radisson Crosskeys Hotel in Baltimore, Maryland.
  • Furniture Acquisition Holdings, LLC - Acquisition of $14,000,000 loan from SunTrust Bank.
  • Merchant Data Systems - Acquisition of joint venture with various credit card processing centers.
  • Fortigent, Inc. - Private equity financing transaction.
  • Waterford Receptions, LLC - Restructuring of corporate financing.
  • Chidogos - Leasing of multiple restaurant locations in Washington, DC metropolita area.
  • Park Inn Associates - $9,500,000 refinancing of multi-family housing project in
  • Santos Partners, LLC - Acquisition of rights to mausolem and county property in Millburn, New Jersey.
  • River Marsh, LLC - $3,400,000 land acquisition in Cambridge, Maryland.
  • TBC Delmarva Investments, LLC - $3,000,000 private asset of equity for land development in Cambridge, Maryland.
  • 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.
  • 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 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.
  • Magazine of the Month, Inc., Sale of Assets of Magazines.com, LLC
  • The Bernstein Companies, $11,800,000, Sale of Richmond Plaza Commercial Office Building, Richmond, Virginia
  • The Bernstein Companies, $16,000,000, Sale of Annapolic Science Center Commercial Office Building, Annapolis, Maryland
  • Marlo Furniture Company, Inc., Marlo Plaza III Home Furnishings Center, Land Acquisition, Construction and Leasing of Retail Property, Rockville, Maryland
  • Marlo Furniture Company, Inc., $7,000,000, Refinancing of Marlo Plaza II Home Furnishings Center by Wachovia Bank
  • Marlo Furniture Company, Inc., Marlo Plaza II Home Furnishings Center, Land Acquisition, Development and Leasing of Retail Property, Laurel, Maryland
  • Marlo Furniture Company, Inc., Stock Redemption Transaction Financing by Sun Trust Bank
  • Content Now, LLC, $1,500,000 (Second Round Financing), Private Placement of Equity for Development and Operation of Online Content Subscriptions
  • Content Now, LLC, $725,000, Private Placement of Equity for Development and Operation of Online Content Subscriptions
  • Chantilly 50-28 Associates Limited Partnership, Land Acquisition, Development, Leasing and Sale of 78 Acre Mixed Use Project, Fairfax County, Virginia
  • The Bernstein Companies, $7,250,000,Sale of Fairfield Inn by Marriott, Laurel, Maryland
  • The Bernstein Companies, $10,750,000, Acquisition and Financing of Leasehold Interest in Multi-family Housing Project, Washington, DC
  • The Bernstein Companies, $8,315,000, Acquisition of Three Multi-family Properties in Judiciary Square, Washington, D.C.
  • The Bernstein Companies, $13,400,000, Acquisition and Financing of Aerospace Building, Greenbelt, Maryland
  • The Bernstein Companies, $13,964,750, Sale of Sheraton Arlington Four Points Hotel and Best Western of Arlington, Virginia
  • BLK Real Estate, $4,600,000, Acquisition of Recreational Vehicle Dealership Site, Prince George's County, Maryland
  • Waterford Receptions, LLC, $6,000,000, Private Placement of Equity for Development and Operation of Banquet and Catering Hall, Springfield, Virginia
  • Waterford Receptions, LLC, $2,785,000, Loan from Virginia Commerce Bank for Development and Operation of Banquet and Catering Hall, Springfield, Virginia
  • US Capital Associates, LLC, Capitalization and Financing by Wachovia Bank, N.A. of Insurance Premium Finance Company
  • Rosenthal Honda and Infinity, Sale of Honda/Infinity Automobile Dealerships
  • Queenstown Motors, Inc., Stock Purchase of Recreational Vehicle Dealership, Prince George's County, Maryland
  • New Stock Island Properties, $138,000,000, Venture for Development of Deep Water Marina, Key West, Florida
  • Meisel Capital Partners, $10,400,000, Acquisition and Financing of Hotel Property, New York City, New York
  • Meisel Capital Partners, $19,500,000, Sale of Atlantic Shores Motel and the Atlantic Sands Restaurant, Key West, Florida
  • Meisel Capital Partners, $12,000,000, Atlantic Shores Resort, Acquisition of Motel property for Condominium Development, Key West, Florida
  • Meisel Capital Partners, $20,000,000, Santa Maria Resort, Acquisition, Demolition and Constuction of Condominium Project, Key West, Florida

Representative Clients:

  • Prestige USA Sports Car, Inc.
  • Jim Coleman Automotive
  • LifeMatters
  • Merchant Data Systems, Inc.
  • Fortigent, Inc.
  • Convergent Wealth Advisors, LLC
  • Lessard Group, Inc.
  • KBO Mid Atlantic Pizza Holding Company, LLC (Naked Pizza)
  • Chidogo Holdings, LLc
  • Waterford Receptions, LLC
  • ContentNow, LLC
  • College Park Honda and Hyundai
  • Young Presidents' Organization (Washington, D.C. Metro Chapter)
  • U.S. Capital Associates, LLC
  • Rosenthal Nissan-Mazda (RRR, LLC)
  • Metropolitan Development, LLC
  • Meisel & Cohen Real Estate Group
  • Marlo Furniture Company, Inc.
  • Eichberg Construction, Inc.
  • Bowie Toyota
  • Boone & Sons Jewelers
  • The Bernstein Companies
  • American Gulf Insurance Company, Inc.

Other Outstanding Achievements:

  • Martindale-Hubbell AV-rated attorney since 1997.
  • Regional Board Chair of the Anti-Defamation League (2008 - Present)

Educational Background:

  • B.S., University of Pennsylvania (Wharton School), magna cum laude, 1975; J.D., Georgetown University Law Center, cum laude, 1978
Show More
Office Location for Steven H. Schram

1742 N St NW
Washington, DC 20036

Steven H. Schram:

Last Updated: 11/14/2018

Page Generated: 0.34651899337769 sec