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 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.

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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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