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Terry M. Lovell

Partner, Head of Affordable Housing and Tax Credit Practice
305-350-2428
Hablo EspaƱol
Area of Focus: Affordable Housing & Tax Credit
GET TO KNOW Terry
Terry M. Lovell, head of Bilzin Sumberg's Affordable Housing & Tax Credit Practice, has more than 22 years of experience and a background as a Certified Public Accountant (currently inactive). He represents developers, investors, and tax-exempt organizations in all aspects of real estate development transactions. He is exceptionally versed in transactions financed with low-income housing tax credits under Section 42 of the Internal Revenue Code, tax-exempt bonds, grants, and loans issued by federal, state, and local governmental authorities. Terry regularly prepares and negotiates purchase and sale agreements for these properties. He also handles other subsidized and conventional financing, including the negotiation of equity and loan documents, for both commercial and multi-family housing developments. 

Terry has represented clients with projects in Florida, Georgia, Louisiana, South Carolina, Tennessee, Texas, and the U.S. Virgin Islands.
 
Q & A
What distinguishes you from other attorneys in your field?
Since my first day as a practicing lawyer, I have worked in the Affordable Housing and Tax Credit industry, which has also included typical Real Estate attorney work. This unique combination, added to my prior experience as a CPA, allows me to understand my clients' needs in their totality and guide them through the life cycle of a project, ultimately arriving at the best solution. With my experience, I have learned which aspects of a deal are non-negotiable for my clients and which aspects they may be willing to negotiate to get to a closing.  Because of my ability to relate to people, I can bring them together to close the deal. 
What is your approach to client relationships?
Every client has different needs, levels of experience, and knowledge of the industry, all of which affect the nature of the relationship.  I find that maintaining close client contact makes for a successful client relationship.
EXPERIENCE
EXPERIENCE
Representation of Related Urban Development Group, a developer of affordable housing, in securing the tax credit equity investment and tax-exempt bond financingfor four phases of Liberty Square Rising, a $300+ million affordable housing redevelopment project in Miami, Florida.
EXPERIENCE
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 b...
EXPERIENCE
Representation of a real estate company focused on developing multi-family projectsin securing construction financing and tax credit equity totaling over $30.1 million for the Lofts at Monroe, an affordable community in the LaVilla neighborhood in downtown Jacksonville, Florida. The five-story build...
EXPERIENCE
Representation of an affordable housing developer in securing the construction financing, permanent financing, and tax credit equity investment for development of The Jasmine, a 96-unit, new construction project for the elderly in the Little Havana neighborhood of Miami, Florida.
EXPERIENCE
Representation of an affordable housing developer in securing the tax credit equity investment and bond financing for The Boulevard at West River Apartments, a 371-unit apartment community comprising three towers in Tampa, Florida. The mixed-use project includes market-rate and affordable housing ov...
EXPERIENCE
Representation of Quest, Inc. in securing construction financing and tax credit syndication totaling $16.8 million for Quest Village, an affordable apartment community for independent adults with developmental disabilities.
INSIGHTS
CREDENTIALS
  • University of Miami, J.D., cum laude, 1998
    Southern Utah University, B.S., summa cum laude, 1990
  • American Bar Association
    Affordable Housing Section
    American Institute of Certified Public Accountants
  • Florida
  • Spanish