riemerlawrealestate.com

Jonathan P. Baumstark

Jonathan P. Baumstark
Partner / Banking & Finance
New York Office
212-789-3141
212-719-0140 fax
jbaumstark@riemerlaw.com

Jon's practice focuses primarily on real estate lending transactions. He represents financial institutions and other institutional clients in connection with single-lender and agented, multi-lender construction, mezzanine, and permanent financing projects on a local, regional, and national basis. Jon has particular experience in structuring and documenting large, syndicated construction loans, as well as financings that are compliant with Islamic law (Shari’ah), including ijara structures. His practice also entails representation of borrowers, developers, landlords, equity investors and holders of other interests in a broad spectrum of commercial real estate matters.

Representative Transactions

  • Representation of the agent in $1.75 billion of syndicated loans involving the construction of a commercial office and retail campus in New York City
  • Representation of the agent in a $1.5 billion syndicated loan for the ground-up construction of a trophy office building in New York City
  • Representation of an equity investor in the purchase and subsequent sale of a $1.5 billion joint venture interest in two trophy office buildings in New York City
  • Representation of a borrower in an $800 million debt restructuring, including (i) admission of 50/50 joint venture partner, (ii) discounted payoff of entire mezzanine stack and (iii) restructuring of mortgage debt
  • Representation of the agent in a $750 million syndicated loan involving the refinance of a commercial office building in New York City
  • Representation of the agent in a $425 million syndicated loan involving the refinance of a portfolio of commercial office buildings in Houston
  • Representation of the seller in the $315 million sale of a hotel located in New York City
  • Representation of the agent in a $300 million syndicated loan involving the refinance of a commercial office building in Chicago
  • Representation of the agent in a $185 million syndicated loan involving the refinance of a commercial office building in downtown Los Angeles
  • Representation of the seller in the $175 million sale of a commercial condominium unit located in New York City
  • Representation of the agent in a $170 million loan involving the Shari-ah compliant (ijara) financing of a commercial office building in Seattle
  • Representation of the seller in the $166 million sale of a hotel located in New York City
  • Representation of the seller in the $115 million sale of a boutique hotel located in New York City
  • Representation of the mezzanine lender and franchisor in $75 million and $28 million mezzanine loans involving the ground-up construction of hotel properties in New York City
  • Representation of the purchaser/borrower in connection with (i) the purchase of a Hawaiian beach and golf resort out of securitization (utilizing fair value purchase option as rake bond holder), (ii) implementing "OpCo/PropCo" master lease structure and (iii) related debt restructuring

Admissions

State of New York

Education

University of Pennsylvania, J.D., 2001
Fairfield University, B.A., 1997