Lisa Catarino Riccio, a member of the firm’s Real Estate + Development Group, handles financial matters related to affordable housing, and commercial real estate transactions.
Affordable Housing – Finance and Community Development
Ms. Riccio frequently represents large national banks in loan transactions for public-private affordable housing initiatives. These loans involve state agencies, developers, equity funds, and syndicators. She provides counsel to lenders in connection with multi-family finance transactions, including construction, bridge, permanent, taxable, and tax-exempt loans.
These transactions routinely involve Low-Income Housing Tax Credits, Historic Tax Credits, state and local tax exemptions, HAP subsidies, HOME loans, and other layers of financing. Ms. Riccio has served as bank counsel for multi-million dollar and large-scale affordable housing projects.
Commercial Real Estate – Lending and Development
Ms. Riccio conducts due diligence, performs title analysis, and conducts legal opinion review and analysis for commercial real estate loan transactions. She drafts and negotiates hotel, entertainment, retail, and other real estate-related documents. She handles mortgage loan originations, acquisitions and dispositions, leasing, and servicing matters. Ms. Riccio devotes much of her practice to “Back to Back” loan transactions, an alternative loan structure with significant advantages for banks seeking Community Reinvestment Act credit.
Prior to joining Robinson+Cole, Ms. Riccio worked for Dechert LLP and Cigna Corporation, where she represented regional and national investors, lenders, and borrowers in commercial transactions. While at Cigna, Ms. Riccio acted as counsel to the Real Estate Investment Law Department. She represented Cigna in loan origination, sale transactions, asset management, and leasing matters, and served as primary counsel for loan servicing matters.