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Construction Financing and Tax Credit Syndication for Affordable Housing Project

The Arc Jacksonville Village, Ltd.

Representation of The Arc Jacksonville Village, Ltd. in securing construction financing and tax credit syndication proceeds totaling $18.6 million for The Arc Jacksonville Village, an affordable, independent-living, apartment-style neighborhood designed to maximize community inclusion for adults with intellectual and developmental disabilities in Jacksonville, Florida.

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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

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.

Experience
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
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