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"One of Hirschler's first rainmakers, Jay Weinberg, once told me that a successful lawyer makes her friends her clients, and her clients her friends. The most rewarding aspect of my practice is the partnership I form with clients over time. Serving 'in the trenches' together, we form a bond that moves from 'lawyer-client' to lasting friendship."   

Carrie O’Malley, chair of Hirschler's Commercial Real Estate Finance and Investment Practice Group, advises clients on innovative investment structures related to commercial real estate. Carrie has more than 27 years of practice experience closing sophisticated, commercial real estate and finance transactions across the United States. Over the past seven years, she has developed a niche practice in the rapidly-evolving commercial Property Assessed Clean Energy (PACE) industry.

PACE Financing

Carrie leads Hirschler’s multidisciplinary commercial PACE (C-PACE) team, which to date, claims national C-PACE experience in 15 of the 29 states with active C-PACE programs, plus the District of Columbia.

Carrie is widely recognized nationally for her contributions to the C-PACE field and actively participates in the development of the Virginia C-PACE market. She provides guidance to C-PACE capital providers and property owners on all aspects of a C-PACE deal, including financing structures, real estate due diligence, negotiation, and compliance matters. With extensive knowledge of C-PACE in various jurisdictions, Carrie is a valuable advisor for local governments and program administrators throughout the lifecycle of C-PACE projects. Her strategic and pragmatic approach to C-PACE deals often leads to enhancements and standardization of C-PACE programs and relevant documents.

Notably, Carrie was involved in several C-PACE funding “firsts:” the first C-PACE-funded office construction project in the United States (Milwaukee, Wisconsin); the first new construction C-PACE transaction in the District of Columbia (D.C. United Stadium); and the first rated, C-PACE securitization in the country.

In addition to her established C-PACE practice, Carrie has a long history representing clients on commercial real estate acquisition, development, financing, leasing, and disposition transactions. A significant part of her practice is devoted to representing national real estate investors and lending institutions in the acquisition, financing, servicing, and sale of commercial loan portfolios. This work has involved loan pools of conventional mortgages (performing, non-performing, and REO), as well as commercial, economic development loans across the United States and in Puerto Rico.


ESG Trailblazer Award, Commercial Real Estate Women (CREW), 2023

Martindale-Hubbell® AV Preeminent®  - This is given to attorneys who are ranked at the highest level of professional excellence for their legal expertise, communication skills, and ethical standards by their peers.

Selected to Inaugural Class of Virginia's “Influential Women in the Law,” Virginia Lawyers Weekly, 2019

Named to “Legal Elite” (Real Estate/Land Use), Virginia Business, 2013 - 2015 and 2018

Named to “Legal Elite” (Legal Services/Pro Bono), Virginia Business, 2007, 2011 - 2012 and 2016 - 2017

Selected as “Influential Woman of Virginia,” Virginia Lawyers Weekly, 2010

Recipient, Women of Distinction Award (Law), Girl Scout Commonwealth Council of Virginia, 2009

Named to “Legal Elite” (Young Lawyer), Virginia Business, 2006

  • 2019 Virginia CLE Author
  • 2019 Virginia CLE Faculty Badge
  • American Bar Foundation Fellows
  • Virginia Legal Elite



Advised Fredericksburg Nationals Baseball Team (FredNats), Minor League Baseball affiliate of Washington Nationals, on implementing C-PACE financing for the FredNats' $35 million, state-of-the-art, 5,000 seat, multi-use stadium.

Represented EagleBank in $25 million C-PACE financing for the D.C. United Soccer Stadium. Supported all parties in the complex capital structure with extensive C-PACE knowledge, leading to the successful closing of D.C.’s largest and first-ever new construction C-PACE deal.

Served as lead counsel for borrowers in connection with Fannie Mae's Delegated Underwriting and Servicing (DUS) financing program.

Coordinated, negotiated, and closed sale of a complex, New Jersey Superfund Site to Potentially Responsible Party (PRP) Group, and worked with local New Jersey counsel to navigate challenging environmental issues associated with the property sale.

Advised various C-PACE stakeholders (capital providers, property owners, local governments, and program administrators) on transactions in 15 of the 29 states with active C-PACE programs, plus the District of Columbia.

Represented financial institutions and investors in the purchase, sale, and/or financing of dozens of commercial loan portfolios in the United States and Puerto Rico, and closed approximately $700 million in loan pool transactions.

Organized and closed $400 million multi-state Fanne Mae DUS financing, consisting of over 30 multi-family residential properties throughout the United States for national REIT client.

Represented the largest, national wireless telecommunications company in infrastructure deployment transactions, including land use/zoning, leasing, title, and environmental matters throughout Virginia, West Virginia, North Carolina, Maryland, and D.C.

Closed hundreds of commercial real estate transactions with aggregate value in excess of several billion dollars, including transactions ranging from $1 million to several hundred million dollars.

Represented national real estate sponsors of tenant-in-common syndications in the acquisition, disposition, and commercial leasing of real estate throughout the country, including defeasances of securitized loans and mezzanine lending.


Speaking Engagements


  • Chapter Co-editor, 2020 Edition  
    Contract Law in Virginia, 12.01.2019
  • Commercial Property Executive, 02.21.2019
  • Carrie O'Malley Authored Contract Law Chapter of Virginia CLE®’s Virginia Law and Practice Handbook, 2016 Edition
  • Carrie O'Malley Authored Formation of Contracts Chapter and Co-Authored Statute of Frauds, Construction Contracts and Real Estate Contracts Chapters of Virginia CLE®'s Contract Law in Virginia Law Handbook, 2015 Edition



Professional Affiliations

American Bar Association

Virginia Bar Association

Fredericksburg Bar Association

PACENation, Summit Steering Committee Member, 2018 and 2019

C-PACE Alliance

Virginia PACE Authority

Business and Civic Organizations

Empowerhouse, Board of Directors, 2021-present

Rappahannock Area United Way, Campaign Cabinet, 2008; Board of Directors, 2009-2018

CancerLINC, Referral Attorney and Volunteer, 1996-present

The Community Foundation, Rappahannock River Region, Women and Girls Fund, Founding Member, 2008-present

Woodberry Forest School, Parents Committee, Amici Fund, 2018-2020

Beyond the Law

Beyond the Law

A longtime resident of the City of Fredericksburg, Carrie has a strong connection to her community. In September 2015, she trained for and performed with other business leaders at “Dancing with the Fredericksburg Stars,” a charity event where she was recognized with the “Most Flair” award. Carrie is actively involved in local and regional causes, lending time and support to Rappahannock Area United Way, CancerLINC, and Woodberry Forest School. Consistent with her “can do” attitude, Carrie completed a rigorous, four-year JD-MBA joint degree program at the University of Richmond in only three years of study.  At Hirschler she serves as Co-Chair of the Commercial Real Estate Finance and Investment Practice Group, an active participant (and former Chair) of the Women's Initiatives Network (WIN), and the former Chair of the Commercial Real Estate and Finance Associate Development Program. 

With two accomplished teenagers away at boarding school, Carrie and supportive husband Michael find themselves empty nesters earlier than expected. Though a quiet house is bittersweet, Carrie’s law practice, three labrador retrievers and crafting with corks (a byproduct of her other favorite hobby) keep her busy.

In 2016, Carrie and Michael put their summer vacation plans on hold to deliver an unplanned litter of black lab puppies in their mud room. As the birth unfolded, Carrie was also fielding calls and reviewing documents to close a $50 million deal in Puerto Rico! When she retires, Carrie plans to be a “doggy doula,” for anyone who will have her.

A native of Fredericksburg, Carrie grew up enjoying summers on the Potomac River. In her spare time, she and Michael enjoy weekends at her family’s river house, soaking up the natural beauty of Caledon State Park, a neighboring bald eagle sanctuary.

Carrie was recognized among Virginia Lawyers Weekly's Most Influential Women in the Law for 2019. This new Virginia Lawyers Media awards program recognizes the achievements of some of Virginia’s most accomplished women lawyers and judges. Carrie was joined by her husband, Michael, Hirschler colleagues Andrew Lohmann, Rod Simmons, Lisa Hedrick, Kelly Bundy and Mike Terry and their spouses at the awards ceremony in Richmond. 

Carrie and Michael O'Malley    

University of Richmond School of Law, J.D., 1996*

Richard S. Reynolds Graduate School of Business at the University of Richmond, M.B.A., 1996*

E. Claiborne Robins School of Business at the University of Richmond, B.S.B.A., 1991

*Carrie completed a rigorous, four-year JD-MBA joint degree program at the University of Richmond in only three years of study.

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