Contact

Jonathan Flugstad

Washington, DC Office

Jonathan Flugstad is an associate whose practice is focused on commercial real estate transactions and the representation of public entities and investors in multifamily affordable housing developments. He has experience with the acquisition and sale of apartment complexes, shopping centers and other commercial spaces. In addition, he has significant regulatory experience, having represented builders and developers in the preparation and filing of real estate offerings with the Consumer Financial Protection Bureau and various state regulatory agencies.

Selected Recent Transactions

  • Represents on an ongoing basis numerous private developers and public entities located across the U.S., including, Connecticut, Georgia, Maryland, Nevada and Virginia in connection with the conversion of public housing units to Section 8 assistance pursuant to the U.S. Department of Housing and Urban Development’s (HUD) Rental Assistance Demonstration (RAD) Program.
  • Represents on an ongoing basis a national real estate developer in connection with compliance with the Fair Housing Act, the Interstate Land Sales Full Disclosure Act and other real estate marketing regulations.
  • Represented public entities in complex transactions pursuant to the Mixed-Finance and Choice Neighborhood Initiative programs involving various financing sources, including, Low-Income Housing Tax Credits, tax-exempt bonds, public loans and grants in addition to conventional debt.
  • Assisted in the representation of public and private entities on multiple transactions involving the acquisition and rehabilitation of public housing developments using Low-Income Housing Tax Credits.
  • Assisted in the representation of a borrower in connection with obtaining and documenting a $63,165,000 loan pursuant to the Fixed Rate Freddie Mac CME Program secured by a luxury Multifamily/Mid-Rise property.
  • Assisted in the representation of a borrower in connection with obtaining and documenting a $83,000,000 bridge loan secured by Multifamily property.
  • Assisted in the representation of a borrower in connection with obtaining and documenting a $30,091,000 refinance of a development loan secured by mixed-use property.
  • Represents on an ongoing basis a national real estate developer on cybersecurity preparedness and governance, including data protection and data privacy issues.
  • Routinely advises public housing authorities on general corporate governance, HUD regulatory compliance, non-profit entity formation and other legal matters.

Major Prior Work Experience

  • Carmel & Carmel, P.C. – Represented real estate developers and investors in the development and marketing of luxury and mixed-use, commercial, residential and resort properties throughout the U.S., Mexico and the Caribbean. Advised on the creation of (and conversion to) condominium or cooperative forms of ownership. Advised developers and builders on Interstate Land Sales Full Disclosure Act, Truth in Lending Act, and Fair Housing Act compliance matters.
  • Aman Law Firm, P.A. – Represented homeowners and lenders in all aspects of foreclosure and mortgage loan workouts. Assisted in the representation of real estate private equity fund’s acquisition of distressed commercial real estate assets. Successfully represented commercial tenant in appeal to the Florida Second District Court of Appeals. Organized and executed collection efforts on behalf of large master-planned communities.

Languages

  • Portuguese
  • Spanish

Awards, Community, and Professional Activities

  • Member, Urban Land Institute
  • Member, District of Columbia Bar Association Real Estate, Housing and Land Use Community
  • Member, Florida Bar Real Property, Probate and Trust Section
  • Member, Virginia State Bar Association Real Property Section
  • Member, Hillsborough County Bar Association’s Young Lawyer’s Division
  • Volunteer, CAN Futbol Foundation, Inc., a Tampa, FL based non-profit that seeks to empower youth through sport and education
  • Volunteer, Gulf Coast Legal Services in Tampa and Bradenton, Florida
  • Volunteer, Community Law Program, St. Petersburg, Florida
  • Volunteer, “Clean-up Clearwater”

Education

Stetson University College of Law, J.D.

University of Oklahoma, Master of Arts in Political Science, cum laude

Valparaiso University, Bachelor of Arts in International Economics and Spanish

Bar Admission

District of Columbia Bar

Florida Bar

Virginia Bar

Hometown

Oklahoma City, Oklahoma