Stephanie L. DeLong

Delong Stephanie

Leveraging her extensive business and legal experience in commercial real estate, Stephanie DeLong concentrates her practice on the acquisition, finance, development, and securitization of commercial property. She has handled thousands of loan agreements and project financings. She also has experience advising clients on construction loans, land acquisitions, development agreements, mezzanine loans, preferred equity structures, mergers, and securing government grants and incentives for corporate relocations.

Stephanie has represented Fannie Mae for nearly 25 years on all aspects of their multifamily business, including transactions involving structured credit facilities and mortgage-backed securities. She has advised lenders, developers, and purchasers in connection with project dispositions and in all areas of finance.

Serving as counsel on the financing of pools of loans secured by multifamily properties located throughout the country, Stephanie has handled loans involving many types of properties, including senior housing, military properties, student housing, and manufactured housing.

Before joining the firm, Stephanie worked for a Washington, DC developer, where she worked on the acquisition, development, and financing of commercial projects.

Stephanie is a member of Venable’s Executive Committee and has served on the firm's Management Committee for several years. She is also a member and former chair of Women Attorneys at Venable (WAVe), the firm's affinity group for women attorneys.

Related Practices


Representative Matters

  • Completed swaps of more than $12 billion in Fannie Mae securities
  • Completed financing of more than $44 billion in negotiated credit facilities, including two of Fannie Mae's largest-ever structured transactions
  • Represents Fannie Mae in connection with the change of ownership of Delegated Underwriting and Servicing (DUS) lenders
  • Drafts and maintains Fannie Mae's multifamily loan documents
  • Represented the developer of the Washington, DC Securities and Exchange Commission headquarters in the negotiation of easements involving air rights, and local and federal government agencies
  • Counseled a mid-Atlantic hospital on significant ground lease and development issues




  • J.D. cum laude George Washington University Law School 1999
  • B.A. with distinction University of California at Santa Barbara 1993

Bar Admissions

  • District of Columbia
  • California

Professional Memberships and Activities

  • Member, Real Estate Housing and Land Use Section, District of Columbia Bar
  • Member, Real Property Section, State Bar of California
  • Member, Real Property, Probate and Trust Law Section, American Bar Association
  • Member, The Real Estate Roundtable


  • The Best Lawyers in America, 2024
    • Real Estate Law, 2023
  • Profiles in Diversity JournalWomen Worth Watching, 2022
  • Euromoney LMG, Best in Real Estate Shortlist, Americas Women in Business Law Awards, 2019 
  • Corporate Counsel, Thought Leader, National Women in Law Awards, 2018
  • Legal 500, Real Estate, 2012



  • Member, board of directors; former mentor, Mentors, Inc.