Development and Financing of Affordable Housing in Overtown

The Gatehouse Group, Inc.

Assisted The Gatehouse Group, an affordable housing developer, in the closing of the development and in securing financing for The Plaza at the Lyric, a 158-unit apartment complex in Overtown, a neighborhood near downtown Miami, Florida. The project was financed through multiple sources, including bonds issued by the Housing Finance Authority of Miami-Dade County, Wells Fargo, and Miami-Dade County.

Terry M. Lovell
Partner, Head of Affordable Housing and Tax Credit Practice
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
Representation of real estate investment company in connection with the environmental investigation and remediation plan for a five acre residential community and golf course. Successfully determined scope of assessment and provided recommendations for final remediation plan while representing clien...