Jon I. Opert

Jon Opert represents mortgage lenders in multifamily housing financing transactions under various programs, including loans purchased by Fannie Mae, Freddie Mac and HUD programs.

Jon has handled Fannie Mae DUS transactions since the program’s inception 35 years ago, and his extensive knowledge about the program includes having worked with many generations of Fannie Mae in-house counsel on client matters and as a member of numerous outside counsel subcommittee groups.

He has expertise in dealing with various property-related features that impact financings, including ground leases, commercial leases, TIC structures, preferred equity, mezzanine debt, joint ventures, funds with complex capitalization structures, fractured condos, amending and restating loans and 1031 exchanges. He handles affordable housing matters, including transactions with HAP contracts, subordinate financing, restrictive covenants and tax abatements. He also has assisted clients over the years in establishing their own proprietary loan programs.

In addition to representing lender clients in transactional closing matters, Jon has advised on corporate and regulatory matters. He also helps clients with structuring and drafting loan commitments and providing counsel on loan servicing and asset management-related issues.

Jon started his career at Krooth & Altman LLP in 1989 and served on the firm’s management committee for 25 years.