Solomon & Maged, P.C.

As an affiliate of Solomon & Maged, P.C., Pinnacle is able to offer access to a wide-range of legal services. Solomon & Maged, P.C. was established for the purpose of providing legal expertise and experience, normally available only at high-priced large law firms, at prices which smaller clients can afford. The Law Offices of Solomon & Maged, P.C. specializes in the following areas:

Real Estate Settlements Our settlement department is the best in the Washington Metropolitan Area. Through our affiliate, Pinnacle Title, Inc., we handle residential and commercial settlements in Maryland, Washington, D.C., and Virginia. We pride ourselves in resolving even the most difficult of title matters - matters that most settlement companies are not skilled enough to handle.

Real Estate and Finance With over 25 years experience in structuring and negotiating real estate and finance transactions, Steven A. Solomon has performed the legal work on mixed use projects valued at over $1 Billion. Having spent 5 years as in-house counsel for Marriott Corporation during the early 1980's, and having created the Workout and Asset Manager's Manual for a $26 Billion Midwestern bank, Solomon understands the needs of the client from both the legal and the business perspective. He understands what both sides of a transaction need to accomplish in a deal that works for all parties involved in a particular transaction, and has the negotiating skills and experience to create compromises when seemingly insurmountable impasses arise. We also provide advice and counsel with regard to dispositions, acquisitions and development of commercial and residential land and buildings. In addition, we provide counsel on the structuring and restructuring of financial transactions for both borrowers and lenders.

Hotel Development Solomon & Maged, P.C. has extensive experience representing a variety of clients in connection with the development of hotel projects throughout the United States and Canada, including hotels in New York, Florida, California, Washington, D.C., Virginia, Maryland and Massachusetts. We draft and negotiate the acquisition and financing documents, corporate, limited liability and partnership documents, franchise and management agreements and all other tasks incident to the development of these projects.

Business and Hotel Operations and Management While at Marriott Corporation, and in private practice, Steven Solomon has advised numerous clients in connection with the operation of businesses, with an emphasis on hotels, restaurants and bars. Solomon has lectured throughout the country on the potential liability of bar and restaurant owners in connection with the serving of alcoholic beverages to minors and intoxicated individuals.

Business Acquisitions And Dispositions We have extensive experience in the acquisition and disposition of various operating businesses. In particular, Solomon has been involved in Marriott Corporation's acquisition of the Howard Johnson and Residence Inn hotel chains. Solomon has counseled clients on matters such as acquiring medical practices, acquiring and disposing of retail businesses, including restaurants and bars, and on the acquisition, by a local architectural and engineering firm, of a 200 person engineering firm with offices in New York, New Jersey and Connecticut. Locally, Solomon has represented clients in connection with the buying and selling of small and large businesses in the Washington Metropolitan area.

Formation of Corporations, Limited Liability Companies and Partnerships We perform all necessary legal work in connection with the formation of corporations, limited liability companies and partnerships. We carefully monitor all of these entities to ensure that corporate resolutions and minutes and partnership resolutions, where appropriate, are up-to-date and accurate.

Estate Planning and Wills Through computerization, we have designed a program which maximizes the attorney's input on each will or trust, while minimizing the fee to our clients. We recognize that large estates present issues which are best handled by attorneys who specialize in estate matters. As such, we have a network of attorneys who specialize in handling large estates and other complex estate matters, thus ensuring that our clients receive the best legal advice available.

Foreclosures We represent lenders in connection with the foreclosure of residential and commercial properties in Maryland, Washington, D.C., Virginia. We ensure that all notices are sent in a timely fashion and that the entire process is handled in a manner which causes the least amount of inconvenience to the lender.

Bankruptcy In addition to writing the Workout and Asset Manager's Manual mentioned earlier, Solomon has served as the attorney for both borrowers and lenders with bankruptcy matters in Maryland, Washington, D.C. and Virginia. We represent creditors and debtors in connection with both the restructuring of debt, and in filing and handling of Chapter 7, 11 and 13 bankruptcy filings.