John M.Rafkin

Partner

(T) 1.312.269.4008

John Rafkin has more than 25 years of experience representing lenders and borrowers in complex senior and subordinate real estate financings, including single property and multi-asset construction, acquisition, revolver, CMBS, and Shari'ah-compliant financing. John has substantial experience with mezzanine, A/B, and preferred equity forms of subordinated financing. The security for these loans include all types of real estate, including office, retail, student housing, senior housing, multifamily and industrial buildings, and portfolios. He has especially deep experience with hospitality financing.

John's practice also focuses on the workout of troubled real estate loans, including complex, multi-tiered loan restructurings, discounted payoffs, bankruptcy, deficiency notes, and other settlement structures. He has extensive experience in the syndication, assignment, and participation of all forms of financing and represents purchasers and sellers of performing and nonperforming loans and loan pools. In addition, he represents developers and other property owners in the acquisition, development, construction, and sale of real estate and landlords, lenders, and tenants in office, retail, and industrial leasing.

John is chairman of the board of directors of the Frank Lloyd Wright Trust, the organization that restores and operates the Frank Lloyd Wright Home and Studio, Robie House, Unity Temple, and other Chicago area sites. He is also vice president of SELVN, a Chicago political advocacy organization, where his interests and energies are directed toward historic and architectural preservation.

Experience

Wells Fargo provides financing to portfolio of office buildings located in Arizona, California, North Carolina, Georgia, and Colorado
Jones Day advised Wells Fargo Bank, National Association in connection with a $134 million loan to refinance a portfolio of office buildings located in Arizona, California, North Carolina, Georgia, and Colorado.

Wells Fargo provides financing to developer and operator of student housing projects in Georgia, Tennessee, and North Carolina
Jones Day advised Wells Fargo Bank, National Association in connection with a loan made to a developer and operator of student housing projects in Georgia, Tennessee, and North Carolina.

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.

Wells Fargo provides financing secured by portfolio of office buildings in Texas, as well as intercreditor agreement to finance acquisition of office building in California
Jones Day advised Wells Fargo, National Association in connection with the purchase of an approximately $121 million loan secured by a portfolio of office buildings in Texas, as well as its related negotiation of an intercreditor agreement with the mezzanine lender, and a subsequent loan increase to finance the acquisition of an office building in California.

Wells Fargo provides $210 million financing secured by portfolio of office buildings located in California, Colorado, and Texas
Jones Day advised Wells Fargo, National Association in connection with a $210 million syndicated credit facility, consisting of a revolving credit facility, a swingline subfacility, and a letter of credit subfacility, secured by a portfolio of office buildings located in California, Colorado, and Texas.

Greystar Real Estate Fund obtains financing for operating and related purposes
Jones Day advised Greystar Real Estate Fund, as borrower, in connection with a $200 million revolving, swingline and letter of credit facility from Capital One, National Bank for operating and related purposes.

Wells Fargo purchases financing of office building in Washington, D.C.
Jones Day represented Wells Fargo Bank, National Association as senior lender in connection with its purchase of a loan made to finance the acquisition of a 407,113 square foot office building in Washington, D.C., as well as its related negotiation of an intercreditor agreement with the mezzanine lender.

Wells Fargo provides financing for office building in McLean, Virginia
Jones Day advised Wells Fargo Bank, National Association in connection with the purchase of a loan made to finance the acquisition of an office building in McLean, Virginia.

Greystar Growth and Income Fund forms open ended core plus fund and acquires Monogram for approximately $4.4 billion
Jones Day advised Greystar Growth and Income Fund, LP in 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.

Nationwide provides financing to Hyatt Place - Inner Harbor in Baltimore, Maryland
Jones Day advised Nationwide Mutual Insurance Company in connection with a loan for the hotel known as Hyatt Place - Inner Harbor in Baltimore, Maryland.

Wells Fargo provides financing on mixed-use property in San Diego, California
Jones Day advised Wells Fargo Bank, National Association in connection with the creation and purchase of an A Note, and negotiation of an A/B Co-Lender arrangement, on a mixed-use property in San Diego, California.

Digital Bridge in consortium with PSP Investments and TIAA Investments acquires Vantage Data Centers
Jones Day advised a consortium which includes Digital Bridge Holdings, LLC, a leading global communications infrastructure company, Public Sector Pension Investment Board (PSP Investments), and TIAA Investments (an affiliate of Nuveen), on the acquisition and related financing of Vantage Data Centers, a leading provider of data center solutions in support of mission-critical applications.

Wells Fargo provides financing for office park located in Orange County, California
Jones Day advised Wells Fargo Bank, National Association in connection with the creation and purchase of an A Note, and negotiation of an A/B Co-Lender arrangement, for an office park located in Orange County, California.

Wells Fargo provides multiple level financing for redevelopment of decommissioned coal power plant in Savannah into luxury hotel
Jones Day represented Wells Fargo Bank, National Association in connection with the redevelopment of a decommissioned coal power plant in Savannah, Georgia into a luxury hotel.

Wells Fargo provides financing for office project located in Tyson's Corner, Virginia
Jones Day advised Wells Fargo Bank, National Association in connection with a purchase of a senior portion of a loan (with representation on a mezzanine intercreditor agreement) on an office project located in Tysons Corner, Virginia.

Wells Fargo finances portfolio of commercial properties located in New York, Massachusetts, and Colorado
Jones Day represented Wells Fargo Bank, National Association in connection with the financing for a portfolio of commercial properties located in New York, Massachusetts, and Colorado.

Wells Fargo provides $305 million financing for 308-unit luxury condominium building in Sunny Isles, Florida
Jones Day represented Wells Fargo Bank, as administrative agent, in connection with a $305 million syndicated secured financing for the development and construction of the Residences by Armani/Casa, a 308-unit luxury condominium building located in Sunny Isles, Florida.

Wells Fargo purchases portfolio of real estate loans on commercial property located throughout the United States
Jones Day represented Wells Fargo Bank, National Association, in connection with its purchase of a portfolio of real estate loans on commercial property located throughout the United States, with a total value in excess of $1 billion.

Wells Fargo finances commercial property located in Arlington, Virginia
Jones Day represented Wells Fargo Bank, National Association, in connection with the $68 million financing for International Place, a commercial property located in Arlington, Virginia, with a mezzanine loan provided by Walton Street Capital.

Wells Fargo provides financing for One Flatbush Avenue multifamily development in Brooklyn, New York
Jones Day represented Wells Fargo Bank, National Association, as lender, in connection with a $110 million senior and mezzanine financing to develop One Flatbush Avenue in Brooklyn, New York.

The following represents experience acquired prior to joining Jones Day.

Represented a large institutional lender in connection with its mezzanine positions in a $1.5 billion debt stack on a portfolio of Chicago office buildings.

Represented a large institutional lender with an approximately $400 million Shari'ah-compliant construction financing for a multiuse (office, retail, and multifamily) project in Washington, DC and closed Shari'ah-compliant acquisition loans on a portfolio of industrial and office buildings in Florida and on an office building in Houston.

Represented a large institutional lender on an approximately $140 million acquisition loan for an office building in Chicago.

Represented a large institutional lender on an approximately $100 million senior loan (and negotiation of a mezzanine intercreditor) for a portfolio of logistics and bulk distribution industrial facilities located throughout the United States.

Represented a large institutional lender in the restructuring and transfers in lieu of foreclosure of a portfolio of loans totaling approximately $700 million. The properties included housing projects, undeveloped land, and multifamily, resort, retail, and office properties located throughout the United States.

Represented a large institutional lender in the restructuring of an approximately $1.5 billion multilevel debt stack on a portfolio of 25 hotels, with related transfers, bankruptcy structure, and litigation.

Represented a large institutional lender in the restructuring of an approximately $1.5 billion debt stack (for both its senior and mezzanine positions) relating to a pool of office buildings in Chicago.

Represented a large institutional lender on its purchase of multiple pools of performing and nonperforming real estate loans, totaling hundreds of loans with an aggregate value of $2 to 3 billion.

Represented the purchaser of a portfolio of approximately 2,500 single family homes throughout the United States (which was then the largest purchase of its kind to date).

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