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...
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 Miami...
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...