Represented national bank in connection with a $119 million construction loan for a mixed-use tower in New York City, including for-sale condominium units, affordable rental apartments, and religious facilities.

Represented institutional lender as the purchaser of $95 million of privately placed tax-exempt bonds to finance a major renovation of the Angelus Towers, an 1,100-unit, low-income senior housing facility in Los Angeles, California. 

Represented Fannie Mae DUS Lenders and Freddie Mac seller/servicers in connection with the annual origination of over $1 billion of taxable and tax-exempt bond financings, forward loan commitments, and conventional cash transactions.

Represented national bank as the purchaser of tax-exempt bonds to finance the Sheridan Station Apartments, a $27 million redevelopment of a former public housing project site in Washington, D.C., into mixed-income housing. The development was financed with tax-exempt bonds issued by the District of Columbia Housing Finance Agency, federal low income tax credits, American Recovery and Redevelopment Act stimulus funds, and HOPE VI funds provided through the District of Columbia Housing Authority, a subsidy loan from the District of Columbia Office of the Deputy Mayor for Planning and Economic Development, and a U.S. Department of Energy grant.

Representation of a national bank in the purchase from a government-sponsored enterprise of approximately $200 million of Community Reinvestment Act–eligible multifamily loans in New York, California, and the District of Columbia. In connection with the transaction, negotiated consents to the assignment's Housing Assistance Payment Contracts with the U.S. Department of Housing and Urban Development and negotiated and documented the transition of multiple loan servicing contracts for the portfolio.

Representation of a national bank as construction lender and Freddie Mac seller/servicer for the financing of the Elliott Chelsea Apartments in New York City, a $65 million mixed-income project developed on excess property formerly owned by the New York City Housing Authority. Financing was provided by tax-exempt bonds issued by the New York City Housing Development Corporation and subsidy loans provided by the New York City Housing Development Corporation, the City of New York Department of Housing Preservation and Development, and the New York City Housing Authority. The project also benefits from a tax exemption pursuant to Section 421a of the New York Real Property Tax Law.

Representation of a national bank as construction lender for Marshall Commons, a 50-unit affordable housing multifamily project in Stamford, Connecticut, sponsored by New Neighborhoods Inc., a nonprofit developer. This $32 million financing included a $4 million conventional bank loan, Federal Low Income Tax Credits syndicated through the National Equity Fund, two subsidy loans from the City of Stamford, a subordinate construction loan from the Connecticut Department of Economic Development, a third party guaranty from Local Initiatives Support Corporation and permanent financing from the Connecticut Housing Finance Agency.

Representation of a national bank in the sale of a $65 million pool of performing and nonperforming mortgage loans and foreclosed real estate. 

Representation of national bank as construction lender for development of the Coney Island Commons, a 195-unit mixed use project in Brooklyn, New York. Financing totaled $110 million, which includes a $39.5 million construction loan, and involved tax exempt bonds from the New York City Housing Development Corporation under the U.S. Treasury’s New Issue Bond Program, Federal Low Income Tax Credits and subsidy loans provided by the New York City Housing Development Corporation under its LAMP program and by the City of New York Department of Housing Preservation and Development under its Capital Loan and Resolution A Loan Program. The project also benefits from a 30-year tax abatement under Section 420-c of New York State Real Property Tax Law.

Represented a national bank in the financing of the Cambridge (Massachusetts) Housing Authority's (CHA) first four Rental Assistance Demonstration (RAD) conversion transactions, encompassing 511 housing units under the HUD's RAD program. CHA restructured its HUD subsidies into long-term contracts that facilitate the private financing of improvements to preserve and improve public housing properties. These first four transactions are part of a long-term project to convert all 2,129 of CHA's public housing units to RAD. 

Represented a national bank in connection with financing and redevelopment of the Hahnes & Co. Department Store in Newark, New Jersey. The property, which is listed on the National Register of Historic Places, was redeveloped into a mixed use facility including 160 market rate and low income apartment units, a Whole Foods Supermarket with other commercial and retail space, and an educational facility being developed by Rutgers University for its performing arts programs. Financing was provided through a combination of $66.8 million of tax exempt bonds issued by the New Jersey Housing and Mortgage Finance Agency, $44.4 million of conventional debt, Federal Low Income Housing Tax Credits, Federal New Markets Tax Credits, Historic Rehabilitation Tax Credits and New Jersey State Economic Redevelopment and Growth Tax Credits.