Construction Financing and Tax Credit Equity for Multi-Family Projects

Real Estate Company

Representation of a real estate company focused on developing multi-family projects in 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 building aims to create a uniquely urban community.

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Terry M. Lovell

Terry M. Lovell

Partner, Head of Affordable Housing and Tax Credit Practice
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Experience

Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Mi...

Experience
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...
Experience

Representation of Related Urban Development Group, a developer of affordable housing, in securing the tax credit equity investment and tax-exempt bond financing  for three phases of Liberty Square Rising, a $300+ million affordable housing redevelopment project in Miami, Florida.

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