Robert J.Grados (Bob)

Partner

(T) + 1.212.326.3843

An acknowledged leader in the area of repurchase credit facilities and warehouse lines of credit, Bob Grados counsels clients in matters involving real estate structured finance on a national basis. His practice includes loan origination, complex credit facilities, and mezzanine financings.

Bob is experienced in working with a variety of national and regional financial institutions, REITs, real estate investment funds, insurance companies, and institutional investors in structured finance transactions, including syndicated, securitized, and single-lender mezzanine and mortgage loans; construction and permanent loans; corporate, warehouse, and subscription credit facilities; "repo" transactions; and other complex structured financings, including cross-border matters. Bob's practice also focuses on the workout and restructuring of troubled real estate loans and credit facilities. In addition, he has extensive experience in representing property owners and developers in the acquisition, disposition, construction, leasing, and development of commercial and multifamily real estate.

Bob is a former trustee and president on the Irvington Union Free School District Board of Education in Irvington, New York. He has been acknowledged repeatedly in the Chambers USA and in The Legal 500 publications.

Experience

SITE Centers Corp. refinances $900 million mortgage loan
Jones Day advised SITE Centers Corp. in connection with the refinancing of a $900 million mortgage loan provided by Column Financial, Inc.; JP Morgan; and Morgan Stanley which was collateralized by mortgage liens on 24 U.S. properties, one Puerto Rico Property, and a pledge of equity interests in the owners of 12 Puerto Rico properties.

Wells Fargo provides $357.5 million senior term loan secured by office tower in Midtown Manhattan
Jones Day represented Wells Fargo Bank, National Association, as administrative agent, sole lead arranger, sole bookrunner, and lender, in connection with a $357.5 million senior syndicated term loan secured by an 815,000 square foot, fifty-story office tower located in Midtown Manhattan.

Exantas Capital finances certain mortgage loan investments
Jones Day advised Exantas Capital Corporation in connection with a $250 million repurchase credit facility to finance certain mortgage loan investments.

Huntington Ingalls sells Avondale Shipyard in Jefferson Parish, Louisiana
Jones Day advised Huntington Ingalls Industries, Inc. in the sale and seller financing of the Avondale Shipyard, a 254-acre shipyard located on the Mississippi River in Jefferson Parish, Louisiana.

Angelo Gordon obtains $100 million repurchase credit facility to finance certain mortgage loan investments
Jones Day represented Angelo, Gordon & Co, LP and its affiliates in connection with a $100 million repurchase credit facility to finance certain mortgage loan investments.

DDR spins off $3 billion portfolio into separate publicly-traded REIT
Jones Day advised DDR Corp. in its spin-off of a portfolio of 50 assets, comprised of 38 Continental U.S. assets and the entirety of the Puerto Rico portfolio into a separate publicly-traded REIT named Retail Value Inc. ("RVI").

Garrison Investment Group closes series of subscription credit facilities
Jones Day represented five real estate opportunity funds managed by Garrison Investment Group LP in revolving subscription credit facilities from Bank of America, N.A. totaling over $750 million in credit availability across the funds.

Garrison Investment Group amends subscription credit facility with Bank of America
Jones Day advised Garrison Real Estate Fund III LP and certain of its affiliates in connection with a $100 million subscription credit facility opposite Bank of America.

Resource Capital to finance certain investments from repurchase facility
Jones Day advised Resource Capital Corp. and its affiliate, RCC Real Estate SPE 7, LLC, in connection with a $250 million repurchase credit facility with Barclays Bank plc, pursuant to which Barclays Bank will provide credit to Resource Capital Corp. and its affiliate to finance certain mortgage loan investments.

DDR obtains $1.35 billion mortgage loan provided by Column Financial
Jones Day advised DDR Corp. in connection with a $1.35 billion mortgage loan provided by Column Financial, Inc.; JP Morgan; and Wells Fargo which was collateralized by mortgage liens on 38 U.S. properties and a pledge of equity interests in the owners of 12 Puerto Rico properties.

HIG forms joint venture to develop 232-unit apartment community in Woodbridge, New Jersey
Jones Day advised H.I.G. Realty - Woodbridge Holdings, LLC ("HIG"), an affiliate of H.I.G. Realty Partners, in connection with the formation of, and a $19 million preferred equity investment in, a joint venture (the “Joint Venture”) with an affiliate of Sturm Asset Management for the development of a 232-unit apartment community in Woodbridge, New Jersey (the “Project”).

HighBrook Income Property Fund refinances 3-building office portfolio in Phoenix, Arizona
Jones Day advised HighBrook Income Property Fund, LP in the $28 million refinancing of a 3-building office portfolio in Phoenix, Arizona opposite CIT Bank, N.A.

C-III Commercial Mortgage forms $350 million repurchase credit facility
Jones Day advised C-III Commercial Mortgage LLC in its $350 million repurchase credit facility opposite Wells Fargo Bank, N.A.

HighBrook Income Property Fund refinances 21-building portfolio in Denver, Colorado
Jones Day advised HighBrook Income Property Fund, LP in the $112.4 million refinancing of a 21-building office portfolio in Denver, Colorado opposite Annaly CRE LLC.

Wells Fargo provides $200 million financing for office/data center project in New York City
Jones 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, Massachusetts
Jones 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.

Jefferies Finance refinances senior secured credit facilities for Internap Corporation
Jones Day represented Jefferies Finance LLC, as sole lead arranger and sole bookrunner, in connection with the refinancing of senior secured credit facilities for Internap Corporation, a global supplier of IT infrastructure services.

HighBrook Income Property Fund acquires seven office buildings in Chanhassen, Crystal, Edina, and Bloomington, Minnesota
Jones Day advised HighBrook Income Property Fund, LP in connection with the acquisition and discharge from receivership of seven office buildings with approximately 386,918 aggregate square feet located in Chanhassen, Crystal, Edina and Bloomington, Minnesota, including a joint venture with certain existing owners.

Brookfield Asset Management acquires portfolio of office and industrial sites for $854.5 million
Jones Day advised Brookfield Asset Management Inc. in its $854.5 million acquisition of a portfolio of office and industrial sites.

Mill Creek obtains construction financing for multifamily project in Washington, D.C.
Jones Day represented Mill Creek Residential Trust LLC in connection with a construction loan to finance the development and construction of a 134-unit multifamily project located in Washington, D.C.

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