Noel Vales focuses his practice on real estate finance and affordable housing finance. He is a member of the firm's Real Estate + Development Group.
Real Estate Finance
Mr. Vales handles commercial real estate transactions, with an emphasis on the representation of institutional lenders in complex structured financing transactions, including construction, conduit, interim, and permanent financings; mezzanine loans; and loan participations and syndications. He drafts and negotiates loan documents, conducts title work and related due diligence, and supervises closings. He has been involved in all aspects of multi-property, multi-state real estate finance transactions relating to hotel, casino, condominium, retail, office, and multi-family properties.
Affordable Housing Finance
Mr. Vales assists lenders with financing transactions for affordable housing projects throughout the country, including mortgage financings, tax-exempt bond transactions, bond credit enhancement, Fannie Mae and Freddie Mac executions, low-income housing tax credits (LIHTC), and government-subsidized mortgage lending programs.
Mr. Vales has represented institutional equity investors and real property owners in over 25 closings relating to the construction, rehabilitation and/or operation of housing developments that utilize the federal low-income housing tax credit program and other government-assisted programs. He has drafted and negotiated limited partnership and limited liability company agreements involving equity investors, developers, and non-profit partners.
Real Estate Transactions and Leasing
Mr. Vales represents clients in connection with the acquisition and disposition of real property, involving single and multiple asset sales, including a portfolio consisting of 114 properties located in several states. He drafts and negotiates purchase option agreements, purchase and sale agreements, and conveyance documents, and assists clients through to the final closing. Mr. Vales also has extensive experience with representing landlords and tenants in the leasing of office, retail, and warehouse space, including drafting, negotiating and abstracting commercial leases, ground leases, subleases, lease amendments and settlement agreements.
Prior to joining Robinson+Cole, Mr. Vales did real estate-related work at New York City-based law firms, and he has also worked as in-house counsel for banks and financial services companies.