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New Markets Tax Credits

Represented Bank of America (as CDE, conventional mortgage lender, NMTC investor and state transit credit bridge lender) in complex $82 million multi-tiered, multi investor, multi lender project in Brunswick. New Jersey, which involved parking, residential rental, office and retail space and state transit hub tax credit.
Represented Wells Fargo in structuring, negotiating and closing a complex $15,000,000 new markets tax credit transaction which resulted in the financing of a 20-acre commercial development located in San Diego, California.
Represented a CityScape Capital as syndicator and investor in the development, documentation and establishment of a fund targeting new markets tax credit investments in historic tax credit projects nationwide.
Represented a CityScape Capital as syndicator and investor in structuring a complex leveraged new markets tax credit investment “twinned” with a “two-tier” historic tax credit lease for office redevelopment in Utah.
Represented Heritage Housing Partners as developer in a complex two-tier leveraged NMTC financed development of two separate for-sale housing project (40 units and 60 units) in the cities of Pasadena and Glendale California, using a unique combination of private, city, county and state subsidy funds as leverage.
Represented Citi as investor in a complex two-tier leveraged NMTC investment used to fund a portfolio of loans to multiple charter schools.
Represented Wells Fargo as investor in a direct NMTC investment used to fund a portfolio of mezzanine loans in Phoenix, Arizona.