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Robert E. Grady

Partner

Rob Grady has been practicing for over two decades in commercial real estate and finance law and related practice areas. 

Rob’s experience includes borrower and lender representation in connection with the origination and modification of mortgage loans, mezzanine loans and preferred equity investments; purchaser and seller representation in connection with the sale of such loans and investments (and interests therein); lender, borrower and servicer (including special servicer) representation in connection with the modification, workout and enforcement of such loans and investments; landlord and tenant representation in connection with the execution, amendment and workout of commercial leases; and buyer and seller representation in connection with the sale of commercial real estate.

He also represents clients in corporate transactions, including management buyout and initial public offerings, and regularly advises clients in connection with the review and execution of service contracts (including IT related service contracts).

Rob’s financing experience includes representation in connection with the financing, workout and enforcement of a range of both complex property assets (including, construction loans and construction to permanent loans, hospitality finance, leasehold finance, office finance, warehouse finance and retail finance) and complex financing structures (including, mezzanine loans, preferred equity investments, single asset securitizations, A/B structures, participations and credit tenant finance). Rob is familiar with intercreditor agreements, participation agreements, co-lender agreements, servicing agreements and pooling and servicing agreements, the parties to such agreements and the impact that such agreements may have on the servicing and/or special servicing of a particular asset.  Rob is a co-author of the “Complex Loan Structures” chapter of the Mortgage and Asset Backed Securities Litigation Handbook, West® Legalworks, 2008.

In addition to being a transactional professional, Rob has represented lenders, special servicers and borrowers in connection with the workout of commercial mortgage loans and the enforcement of such loans. Rob is experienced in drafting, filing and litigating commercial mortgage foreclosure actions in the State of Connecticut, as well as advising clients regarding forbearance agreements, modification agreements, stipulated foreclosures, deeds in lieu of foreclosure and discounted payoff agreements (with a particular focus on securitized loans).

Rob represents both landlords and tenants on lease transactions and workouts and settlement agreements involving existing leases (including lease termination and rent deferral agreements). Rob’s finance experience helps inform his approach in representing both landlords and tenants in connection with their lease transactions. He often authors articles on these topics.

When he is not practicing law, Rob is active in his community as a parent of four children and enjoys coaching youth basketball, baseball and soccer.

Rob’s financing experience includes representation in connection with the financing, workout and enforcement of a range of both complex property assets (including, construction loans and construction to permanent loans, hospitality finance, leasehold finance, office finance, warehouse finance and retail finance) and complex financing structures (including, mezzanine loans, preferred equity investments, single asset securitizations, A/B structures, participations and credit tenant finance). Rob is familiar with intercreditor agreements, participation agreements, co-lender agreements, servicing agreements and pooling and servicing agreements, the parties to such agreements and the impact that such agreements may have on the servicing and/or special servicing of a particular asset.  Rob is a co-author of the “Complex Loan Structures” chapter of the Mortgage and Asset Backed Securities Litigation Handbook, West® Legalworks, 2008.

In addition to being a transactional professional, Rob has represented lenders, special servicers and borrowers in connection with the workout of commercial mortgage loans and the enforcement of such loans. Rob is experienced in drafting, filing and litigating commercial mortgage foreclosure actions in the State of Connecticut, as well as advising clients regarding forbearance agreements, modification agreements, stipulated foreclosures, deeds in lieu of foreclosure and discounted payoff agreements (with a particular focus on securitized loans).

Rob represents both landlords and tenants on lease transactions and workouts and settlement agreements involving existing leases (including lease termination and rent deferral agreements). Rob’s finance experience helps inform his approach in representing both landlords and tenants in connection with their lease transactions. He often authors articles on these topics.

When he is not practicing law, Rob is active in his community as a parent of four children and enjoys coaching youth basketball, baseball and soccer.

Credentials

Education

  • University of Massachusetts, B.A., cum laude, 1993
  • University of Connecticut School of Law, J.D., cum laude, 1999

Bar Admissions

  • Connecticut

Court Admissions

  • U.S. District Court, District of CT

Distinctions

Community Involvement

  • Volunteer Coach: youth soccer, basketball and baseball

Experience

Commercial real estate

Provided Counsel in $200 Million Financing of NYC Paramount Building

Provided counsel to the ownership of the iconic Paramount Building in Times Square in the negotiation of a $200 million commercial mortgage-backed security (CMBS) loan.

Land use

Conservation Easement for Historic Working Farm

We represented the seller in what is thought to be Connecticut’s first lease-to-own farm sale involving a land trust.  Our client, a regional land conservancy, sold a historic working farm to its long-time tenant after they satisfied the “sweat equity” requirements of the lease, including certain property maintenance, improvements, and other site work over more than 10 years.  The land conservancy retained a bespoke agricultural conservation easement that allows for a range of agricultural and related uses and opportunities as well as requires the protection and restoration of the property, including its early-1900s potato shed and tobacco barn, which is one of the last in the area.

Real estate

Represented Developer with Acquisition, Development, and Construction Financing of a Multifamily Project

Represented a major Long Island developer in connection with the acquisition, development, and construction financing of a large multifamily project in Lynbrook, New York, in addition to related corporate, environmental and land use matters.  Key highlights of the representation include the acquisition and assemblage of multiple properties from various sellers; negotiating a $70 million construction loan; the infusion of capital from various partners and the granting of a preferred equity loan of $30,000,000; the execution of an Industrial Development Agency Lease providing tax benefits; and the negotiation and drafting of a complex joint venture agreement. 

 

Robert E. Grady bio photo

Hartford

860.251.5084

rgrady@goodwin.com

Areas of Focus

  • Finance
  • Real Estate
  • Commercial Finance
  • Real Estate Finance

Related Industries

  • Data Centers
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