Jonathan L. Hornik
Jonathan Hornik is Co-Chair of the Firm’s Real Estate Department. His practice concentrates in real estate and other commercial transactions. Mr. Hornik has successfully handled many significant real estate and corporate transactions over his career. He has advised his clients in all aspects of transactional real estate and corporate matters, including the acquisition and disposition of properties, businesses and other assets, operation and financing of projects, stock and asset purchases, institutional investments, credit facilities, joint ventures, partnerships, commercial lending and leasing. Jon has developed a specific expertise in workouts and the restructuring of loan transactions, frequently advising clients on the restructuring and disposition of loans and distressed real estate in and out of the foreclosure process. Prior to joining LHRG&B as partner, Mr. Hornik was Vice President and General Counsel of one of the nation’s largest direct private lenders. Mr. Hornik is an acknowledged expert in deal structuring and negotiation.
Mr. Hornik has been admitted to the Bar in New York and New Jersey
Noteworthy Representations
- Office lease for 79,000 square feet (NY). Represented Fahnestock.
- $48,000,000 stock purchase of theatre chain structured as a net lease transaction (NY). Represented selling corporation.
- $2,000,000 lease and sublease transaction (NY). Represented Hasbro, Inc.
- Purchase of vacant land for development structured as a net lease transaction (NY). Represented the City of New Rochelle.
- Office lease for 134,000 square feet (Washington, DC). Represented foreign corporation.
- $120,000,000 defeasance and refinancing of secured financing (NY). Represented owner/borrower.
- $38,000,000 credit enhancement financing for improvements to the Hotel Thayer at West Point (NY). Represented American Capital Access.
- $80,000,000 secured loan for 42nd street development project. Represented Forest City Ratner, borrower.
- $34,200,000 refinance of business park (NY). Represented W&M Properties.
- $20,000,000 municipal bond offering for the development of a garage and shopping mall. Represented City of New Rochelle.
- $125,000,000 refinancing for 520 Madison Ave (NY and Germany). Represented Westdeutsche ImmobillienBank.
- $62,500,000 synthetic lease financed acquisition of multiple properties (NY). Represented Merrill Lynch.
- $360,000,000 synthetic lease financed development loan for office campus with lease financing converted into commercial paper (NJ). Represented Merrill Lynch.
- $320,000,000 synthetic lease financed gas turbine project (New Hampshire). Represented Merrill Lynch.
- $400,000,000 synthetic lease financed chemical facility (Louisiana). Represented Merrill Lynch.
- $69,000,000 acquisition loan for refinance of two shopping centers (Texas and Maryland). Represented Westdeutsche ImmobillienBank.
- $3,300,000 acquisition loan for purchase of commercial brownstone (Massachusetts and Germany). Represented Westdeutsche ImmobillienBank.
- $108,000,000 sale of office complex (NY). Represented corporate owner.
- $3,200,000 sale of 179 sponsor owned co-operative apartments (NY). Represented privately held limited liability company.
- Acquisition of properties for tax credit purposes (NY). Represented New York Equity Fund.
- $20,000,000 sale of commercial building structured as Sec. §1031 Like Kind Exchange (NY). Represented privately held corporation.
- Corporate acquisition of Oddzon/Cap toys by Hasbro, including real estate holdings throughout the United States. Represented Hasbro, Inc.
- $100,000,000 sale of vacant land on Jersey City Waterfront to Goldman Sachs (NJ). Represented Colgate-Palmolive Company.
- $ 65,000,000 acquisition of Tax Lien and REO portfolio (US). Represented investor.
- $2,000,000,000 corporate acquisition of Howmedica, Inc., a division of Pfizer by Stryker, including real estate holdings located throughout the world. Represented Stryker Corporation.
- $116,000,000 sale of partnership holding an interest in office campus, structured to preserve off-balance sheet treatment (California). Represented Merrill Lynch.
- $35,000,000 joint venture between real estate investors and Canadian lender (NY). Represented real estate investors.
Lectures and Seminars
- The Real Share New York, “Finding Clarity in the Capital Markets: What It Takes and Costs to Finance Deals in the Stagnant Debt and Equity Environment”
- The Real Share New Jersey, “Finding Clarity in the Capital Markets”
- The Real Share Orange County, “How Long Will the Credit Crunch Continue? What Will Be the Impact on the Real Estate Financing for Orange County Real Estate?”
- New York Money Summit, The Crisis in Real Estate: Sources of Debt Equity”
- Deal Makers Forum REBNY NY Post, “Getting the Capital: The Debt and Equity Challenge.”
- GreenPearl Lenders Panel, “Finding Capital for NYC.”
- Pittbull Mortgage School Las Vegas, “How to Close a Loan in This Economic Environment.”
Education
- Brooklyn Law School, Brooklyn, NY, Juris Doctorate (May 1995)
- University of Delaware, Newark, DE, BA Economics (May 1992)