Krystyna M. Blakeslee

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T: +1 860 524 3913
F: +1 860 524 3930

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Krystyna M. Blakeslee is a partner in Dechert’s finance and real estate group and is based in the firm’s Hartford office. Ms. Blakeslee focuses her practice in commercial real estate finance and investment with concentrations in the origination, acquisition and disposition (including securitization and syndication) of mortgage loans, mezzanine financings and subordinate debt, post-closing modifications and loan sales and purchases. She has experience with retail, office, hospitality, and condominium properties, as well as construction financing, TIC structures and ground lease transactions. Finally, Ms. Blakeslee has experience in joint venture investments and acquisitions of real estate assets, including hotels, and advises funds in connection with their investment and financing activities in real estate.

In addition, Ms. Blakeslee has experience in restructuring and workout of complex distressed-debt structures, as well as asset management and commercial leasing. She has represented a number of investment banks, life insurance companies, commercial banks, institutional investors, loan servicers, joint ventures and private equity funds. Ms. Blakeslee sits on the editorial board of the CRE Finance Council and is co-managing editor for CREFC Finance World™. She is also a contributor to Dechert’s finance and real estate blog, Crunched Credit. Ms. Blakeslee is also co-chair of the CREFC Finance Counsel’s working group on High Volatility Commercial Real Estate loans.

Ms. Blakeslee was a Dechert summer associate in 2008. She previously served as a sergeant in the U.S. Marine Corps and also served in Iraq.

Significant Representations


Lender Representations

  • Represented the lenders in connection with the origination and disposition (including securitization and syndication) of 3 mortgage loans and 4 mezzanine loans in the aggregate amount of US$2.9 billion secured by over 280 industrial warehouse properties located in 17 states and the District of Columbia.
  • Represented the lender in connection with the origination and the securitization of a mortgage loan and 4 mezzanine loans in the aggregate amount of US$1.1 billion secured by 24 limited service, select service and extended stay hotel properties located in 13 states.
  • Represented the lenders in connection with the origination and securitization of 2 mortgage loans and 2 mezzanine loans in the aggregate amount of US$1.7 billion secured by 98 limited and select service hotels located in 19 states.
  • Represented lenders in connection with origination and securitization of mortgage loans secured by hotels located in Aruba and the Grand Cayman Islands.
  • Represented a financial services company with respect to two US$200 million mezzanine loan acquisition platforms with an unrelated third party and a loan origination platform with an unrelated third party.

Equity Representations

  • Represented a joint venture fund in connection with its acquisition of a portfolio of 6 hotels located throughout the continental U.S.
  • Represented a fund in connection with its acquisition of a US$220 million commercial property located in Virginia.
  • Represented a foreign wealth fund with respect to its acquisition of an approximately US$1.5 billion portfolio of resort properties out of Chapter 11 bankruptcy.
  • Represented a fund in connection with a US$275 million mortgage and mezzanine loan obtained by various subsidiaries and secured by a portfolio of 62 hotels located throughout the U.S.

Distressed Debt Representations

  • Represented the lender with respect to providing exit financing for a bankrupt debtor.
  • Represented a foreign wealth fund with respect to its acquisition of an approximately US$1.5 billion portfolio of resort properties out of Chapter 11 bankruptcy.
  • Represented the mezzanine lender in connection with the restructure (including conversion of a portion of each mezzanine lenders’ debt to preferred equity) of an approximately US$1.9 billion portfolio of hotels located throughout the US.
  • Represented the mezzanine lender in connection with a foreclosure of the mezzanine lender’s UCC collateral, which was secured indirectly by an iconic building in New York City.
  • Represented various CMBS special servicers in connection with a myriad of matters, including foreclosures, modifications, forbearance agreements and restructures.

Education

University of Connecticut, B.A., 2006
University of Connecticut School of Law, J.D., 2009, High Honors; Managing Editor of the Connecticut Law Review; recipient of CALI excellence awards for class performance in Moot Court, the Tax Clinic and Advanced Tax Clinic, Sales, and the Mediation Clinic; recipient of the Women’s Law Student Association’s Pro Bono Service Award, the John M. Noonan Award for outstanding scholarship and the University of Connecticut School of Law pro bono award

Bar Admissions/Qualifications

Connecticut
New York

Clerkships

Honorable Alan H. W. Shiff, United States Bankruptcy Court, District of Connecticut

Memberships

American Bar Association
Connecticut Bar Association
New York Bar Association