Jon’s practice includes a full range of finance, equity investment and real estate activities for private equity funds, capital markets and institutional lenders, REITs, hedge funds, developers, owner/operators, corporations and investors. He 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 and preferred equity investments, and in structuring and negotiating intercreditor, co-lender and participation and servicing agreements. He often represents CMBS lenders and borrowers in the origination of mortgage and mezzanine loans involving unique or complicated structures, and is one of the leading attorneys in the country with respect to tenancy-in-common financing. He has a particular depth of experience with the financing of hospitality properties.
Jon regularly advises mortgage, mezzanine lenders and preferred equity investors as to the strategies and tactics for resolving default situations and enforcing remedies. He has represented various lenders and borrowers in deed-in-lieu and assignment-in-lieu transactions, and has orchestrated several UCC sales to realize on defaulted mezzanine loan collateral. In addition, he has represented both buyers and sellers in the purchase and sale of distressed debt.
Jon has regularly represented various private equity funds, developers and institutions in the acquisition, including acquisition by ground lease, development, leasing, repositioning and disposition of real estate, including hotels, restaurants, retail centers, multi-family properties and office buildings. He 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. Jon also has experience representing capital providers in receivables financing, factoring and asset based lending, and in the work-out of such transactions.
Jon frequently writes and speaks on related topics.
University of Cincinnati, College of Law, J.D.
Colgate University, B.A.
Member, Order of the Coif
Member, Urban Land Institute
Author, “Impact of COVID-19 on Loan Applications and Commitments (Does the Lender Have an Obligation to Fund),” March 24, 2020
Presenter, “Structuring Real Estate Loans With Foreign Borrowers, Trusts, and Tenants in Common,” Strafford premium CLE webinar, January 8, 2020
Presenter, “Commercial Loan Documentation Pitfalls,” NBI, Inc. audio webinar, preparer of course materials and presenter for: Loan Documentation Regulatory And Case Law Updates, Loan Documentation Hazards, Opinion Letters – Problems and Pitfalls, Commercial Loan Document Sticking Points and Mistakes to Avoid, September 10, 2019
Presenter, “Commercial Real Estate Loan Documentation Landmines and Challenges,” NBI, Inc. webcast, preparer of course materials and presenter for: Commercial Real Estate Loan Documentation Negotiation and Review: Top Challenges and Hidden Dangers, and Lender Liability and Risk: Avoiding Legal Perils, July 16, 2019
Presenter, “Real Estate Transaction Documents: How to Draft, Negotiate and Review” NBI, Inc. webcast, preparer of course materials and presenter for: Creating Letters of Intent and Purchase and Sale Agreements, and Financing/Loan Documents: Sample Walkthroughs, November 13, 2018,
Presenter, “Commercial Loan Documentation Landmines,” accredited CLE seminar, July 18, 2018
Presenter, “Structuring Real Estate Loans with Foreign Borrowers, Trusts and Tenants in Common,” Strafford Live Webinar, March 28, 2017
Presenter, “Structuring Preferred Equity Investments in Real Estate Ventures: Impact of True Equity vs. ‘Debt-Like’ Equity,” accredited CLE seminar, August 27, 2015
Presenter, “Structuring Preferred Equity Investments and Mezzanine Loans in Real Estate Ventures,” accredited CLE seminar, July 16, 2014