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Philadelphia Office
1835 Market Street - Suite 1400
Philadelphia
PA 19103
215.569.1689 phone215.568.6603 faxjrobins@klehr.com
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Jon S. Robins

Partner | Real Estate and Finance

Biography

Mr. Robins is a partner in the firm's Real Estate and Finance Department. His practice includes a full range of finance, equity investment and real estate activities for private equity funds, capital markets and institutional lenders, REITs, developers, owner/operators, corporations and investors.  Mr. Robins has extensive experience representing private equity funds, operating partners and other investors in the structuring and formation of senior/subordinate and pari passu joint ventures, and in the acquisition, financing and disposition by the resulting joint ventures of real estate investments, including multi-family, hospitality, office, retail and industrial real estate.

Jon has been representing lenders and financing providers for over twenty years, including conduit lenders, banks, insurance companies, and private equity funds, in the origination, purchase, sale, restructuring and enforcement of mortgage loans, mezzanine loans, construction loans, subordinate ("B") Notes, participation interests, preferred equity investments, receivables financing, factoring and asset based lending, and in structuring and negotiating intercreditor, co-lender and participation and servicing agreements.

Mr. Robins regularly advises mortgage, mezzanine and commercial lenders and preferred equity investors as to the strategies and tactics for resolving default situations.  He is currently representing lenders and preferred equity investors in enforcing their remedies, taking control of the subject properties and where applicable, conducting the requisite UCC sale.  In addition, his practice includes the representation of investors, including private equity funds, in purchasing distressed debt.  In such situations, Mr. Robins advises the investor in developing a strategy to obtain a satisfactory payoff of such debt or to acquire the property and other assets securing the debt, and in executing that strategy.

Mr. Robins regularly represents CMBS lenders and borrowers in the origination of mortgage and mezzanine loans often involving unique or complicated structures, and is one of the leading attorneys in the country with respect to tenancy-in-common financing.  Mr. Robins has a particular depth of experience with the financing of hospitality properties. 

Mr. Robins has extensive experience representing various developers and institutions in the acquisition, development, leasing, repositioning and disposition of real estate, including hotels, restaurants, retail centers, multi-family properties and office buildings.  Mr. Robins advises companies on strategic real estate decisions, and has extensive experience representing both acquirers and targets with respect to the real estate aspects of corporate M & A transactions. 

Mr. Robins frequently writes and speaks on related topics.

 

Robins, Jon S

Credentials

Education

University of Cincinnati, College of Law, J.D. (1993)

Colgate University, B.A. (1986)


Admissions

Pennsylvania

Connecticut

Ohio (inactive)


Memberships

Member,  Philadelphia Bar Association

Member,  Order of the Coif

Publications
"Structuring Real Estate Loans With Foreign Borrowers, Trusts and Tenants in Common,"  Strafford Live Webinar, March 28, 2017

"Structuring Preferred Equity Investments in Real Estate Ventures: Impact of True Equity vs. 'Debt-Like' Equity," 
CLE Presentation by Jon S. Robin, August 27, 2015

"Structuring Preferred Equity Investments and Mezzanine Loans in Real Estate Ventures," July 16, 2014, accredited CLE presentation

"Structuring Preferred Equity Investments In Real Estate Ventures: Impact of True Equity vs. Debt-Like Equity":  Strafford Webinar, June 19, 2014, Course Designer and Lead Panelist

"The Structure and Use of Mezzanine Loans and Preferred Equity," March 20, 2013, accredited CLE presentation, Course Designer and Panelist

"Title Law," presentation at "PA Real Estate Advanced Issues and Answers,"  November 1, 2012, National Business Institute accredited CLE Seminar

"Mezzanine Finance and Preferred Equity Investment in Commercial Real Estate: Security, Collateral & Control," Vol. 1m No. 1 of the University of Michigan, Michigan Journal of Private Equity and Venture Capital Law (Spring 2012), by Jon S. Robins, David E. Wallace and Mark Franke

"Mezzanine Loans and Preferred Equity," presentation at "Building the Capital Stack for Commercial Real Estate in 2012 and Beyond: The New Normal," April 23, 2012, Pennsylvania Bar Institute accredited CLE Seminar

"Financing and Purchase and Sale Agreement" presentations at "Handling Real Estate Transactions with Confidence," August 2, 2011, National Business Institute accredited CLE Seminar

Panelist/Faculty, "Ins and Outs of Commercial Mortgage Loan Purchase and Sale," October 20, 2010, accredited CLE presentation

"Outline of Lender Liability Issues in Commercial Real Estate Loan Workouts," Parts I and II, April 15, 2009 and May 20, 2009, accredited CLE presentations

"Introduction to REMICS for Real Estate Attorneys," May 13, 2008, accredited CLE presentations

Panelist/Faculty, "Forbearance, Restructuring & Recovery for Commercial Real Estate Distressed Debt," Pennsylvania Bar Institute 12th Annual Real Estate Institute Presentation, December 4, 2008

Panelist/Faculty, "High-Yield Real Estate Debt Structure", a PBI sponsored program, May 26, 2005, Philadelphia, Pennsylvania

Panelist on lender and rating agency issues, TIC Real Estate Symposium, March 2004

Financing Tenants In Common Property In Capital Markets, Real Estate Finance Journal, Summer 2002 
Sample Transactions:

Represented a major student housing provider in restructuring a $300MM mezzanine loan facility held by a sovereign wealth fund - 2016.

Represented a Philadelphia region based borrower in $102MM CMBS mortgage loan and $48MM mezzanine loan for acquisition and renovation/repositioning of major, historic center city office building – 2014.

Represented the lender, a major international bank, in the origination of a $31.5MM, "Top 10" CMBS loan, secured by major hospitality property in Harrisburg, PA - 2015.

Represented private equity fund in joint venture with New England based developers to acquire and redevelop a large Florida shopping mall into an outlet center and a power center, and to realize upon the investment -  2011 to 2016.

Represented Fairfield County, CT based capital company subsidiary of a major international corporation in an approximately $50MM receivables purchase facility for Canadian receivables from a Canadian subsidiary of a major French technology and communications company – 2014.

Represented ownership of a major hotel in downtown Phoenix, AZ  in obtaining a highly structured $36MM aggregate CMBS and mezzanine loan package – 2014.

Represented Philadelphia based private equity fund in the formation of a tri-party, structured joint venture for the acquisition, financing, renovation and repositioning of a large multi-family property in the greater Los Angeles, CA area – 2013.

Represented New York based publicly traded REIT in the renewal and modification of the center city Philadelphia headquarters office lease of a major international law firm – 2012.

Represented Mezzanine Lender in acquiring Marriott flagged hotel in the Midwest by UCC sale, negotiating a joint venture agreement between the Mezzanine Lender and a recognized operator of iconic Midwestern hotels to renovate and operate the hotel and negotiating with the special servicer the necessary amendments and an assumption of the existing securitized senior debt on the hotel property – 2012.