TitoEscobar

Associate

New York + 1.212.326.3891

Tito Escobar represents clients nationwide in connection with the development and financing of commercial real estate transactions. His practice includes advising equity investors, conventional and leverage lenders, and community development entities that deploy capital through secured and unsecured transactions. In addition to advising capital providers, he has experience representing real estate developers, nonprofit organizations, and real estate investment trusts in connection with the development of real estate projects nationally. Tito also counsels landlords, tenants, purchasers, and sellers in connection with leasing, acquisition, and disposition matters.

Tito has extensive experience in the area of community finance and assists clients with syndicated loan, tax credit, taxable, and tax-exempt bond structures used to develop housing, health care, educational, and various other community oriented facilities. Spanning nearly 10 years, Tito has worked on close to 100 community finance transactions dating back to his time with the Harrison Institute for Housing & Community Development at Georgetown University Law Center. He has significant experience working with and negotiating across local, state, and federal agencies providing subordinate loans, tax, and other financial incentives used to stimulate community development efforts.

Tito's practice also includes negotiating and structuring joint ventures and commercial loans used to develop commercial real estate such as market rate residential complexes, shopping centers, hotels, parking structures, and mixed-used developments.

Tito has worked with clients such as Santander, Capital One, JPMorgan Chase Bank, Wells Fargo Bank, the Low Income Investment Fund, and Bronx Pro Group.

Experience

  • China Orient Asset Management provides financing for luxury condominium building in lower ManhattanJones Day advised China Orient Asset Management (International) Holdings Limited (“COAMI”) in connection with a junior mezzanine loan secured by a majority membership interest in a real estate joint venture (the “Venture”).
  • Lamb-Weston/RDO Frozen obtains $70 million credit facilityJones Day represented Lamb-Weston/RDO Frozen, a joint venture of RDO Frozen Co. and Lamb-Weston/Midwest, Inc., in connection with a $70 million credit facility with Coöperatieve Rabobank U.A., New York Branch, as administrative agent and lender, and Bank of America, N.A., as lender.
  • The Carlyle Group sells Signode Industrial Group Holdings to Crown Holdings, Inc. for $4 billionJones Day advised The Carlyle Group and its affiliates in connection with the sale of Signode Industrial Group Holdings (Bermuda) Ltd., a leading global provider of transit packaging systems and solutions, to Crown Holdings, Inc., a worldwide leader in the design, manufacture and sale of packaging products for consumer goods, for an aggregate purchase price of up to $4 billion.
  • USI Insurance Services acquires Wells Fargo Commercial Insurance businessJones Day advised USI Insurance Services ("USI"), a portfolio company of KKR and CDPQ, on the acquisition of Wells Fargo Insurance Services USA, Inc. ("WFIS") from Wells Fargo & Company.
  • ShopOne Centers REIT obtains $325 million secured credit facilityJones Day represented ShopOne Centers REIT Inc., a private real estate investment trust focused on acquiring, operating, and managing market-dominant, grocery-anchored shopping centers, in connection with a $325 million secured credit facility with KeyBanc Capital Markets as lead arranger.
  • Greystar forms open ended core plus fund and acquires Monogram for approximately $4.4 billionJones Day advised Greystar Real Estate Partners on a number of related transactions culminating in the acquisition of Monogram Residential Trust, Inc. (a publicly traded REIT based in Plano, Texas), an owner, operator, and developer of luxury apartment communities with a significant presence in select coastal markets, in a transaction valued at approximately $4.4 billion, including the debt assumed or refinanced in connection with the transaction.
  • HD Supply completes series of transactions relating to its existing capital structureJones Day represented HD Supply, Inc., one of the largest industrial distributors in North America, in connection with a series of transactions relating to its existing capital structure, including the amendment of the credit agreement governing its existing term loan credit facility, resulting in the issuance of two new tranches of term loans in the approximate amount of $1.1 billion; solicitation of consents to amend the indenture governing its outstanding $1.0 billion aggregate principal amount of 5.75% Senior Notes due 2024 to provide certain financial flexibility; early redemption of its 5.25% Senior Secured First Priority Notes due 2021 for a redemption price of approximately $1.3 billion; and the establishment of a new $500 million share repurchase program.
  • Wells Fargo provides $200 million financing for office/data center project in New York CityJones Day advised Wells Fargo Bank, National Association, as administrative agent, in connection with a $200 million syndicated construction financing for an office/data center project in New York City.
  • Blackstone Group refinances certain office, laboratory, and parking properties in Cambridge, MassachusettsJones Day advised The Blackstone Group in its refinancing of certain office, laboratory, and parking properties located at 650 East Kendall Street and 350 Kendall Street, Cambridge, Massachusetts.
  • StepStone provides $87.5 million financing in favor of HRI PropertiesJones Day advised StepStone Real Estate as lender on two credit facilities made in favor of HRI Properties and its affiliates ("HRI"), in an aggregate amount of up to $87.5 million, which credit facilities were issued in connection with an additional financing provided to HRI by Almanac Realty Securities.  
  • H.I.G. Capital buys share of Sheraton Dallas GalleriaJones Day advised H.I.G. Capital, LLC in its joint venture negotiations and financing in connection with the acquisition of the Sheraton Dallas Galleria.
  • Goldman Sachs provides financing for construction of residential and commercial condominium building in New York City, New YorkJones Day represented Goldman Sachs & Co. as construction lender in connection with the construction of a condominium building in New York City, New York.
  • KeyBank provides $106.8 million financing for five wind-powered electric generating projects in OregonJones Day represented KeyBank National Association in connection with the $106.8 million back leveraged project financing for the acquisition, development, and construction of five wind-powered electric generating projects with a total generating capacity of 50 MW located in Baker County, Oregon and sponsored by D.E. Shaw Renewable Investments, L.L.C., a leading generator of wind and solar power in North America.
  • Wells Fargo provides financing for construction of 11-story mixed-use building in New York City, New YorkJones Day represented Wells Fargo Bank, National Association as construction lender in connection with the construction of an 11-story mixed-use building containing 39 Market Rate Units, 10 Affordable Units, a community facility space unit, the parking unit, and a commercial unit in New York City, New York.
  • East West Bancorp invests in rehabilitation of historic thread mill into commercial and residential complex in Stonington, ConnecticutJones Day represented East West Bancorp, Inc., in connection with its investment in the rehabilitation of an historic thread mill into a commercial and residential complex in Stonington, Connecticut.
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