Lender’s Counsel on $9.6 Million Equity Bridge Loan
Served as lender's counsel for a $9.6 million equity bridge loan related to the development of a 236-unit low-income housing tax credit project in Detroit, Michigan.
Counsel to Lender, Purchaser on $17.6 Million Credit Facility
Served as purchaser's and lender's counsel with respect to a $17.6 million credit facility related to the acquisition and development of a 212-unit low-income housing tax credit project located in North Carolina.
Advised on Tax Implications of Selling Partnership Interests
Advised housing management client on the tax implications related to the sale of partnership interests and cancellation of indebtedness income, which included analyzing the tax consequences of transaction structures and financing classifications to avoid negative income tax consequences to the partners.
Developer's Counsel for Low-Income Housing Property
Served as developer's counsel with respect to the development of a 54-unit low-income housing tax credit property located in Oklahoma.
Formation of Qualified Opportunity Fund, Opportunity Zone Business
Assisted a client with the formation of a qualified opportunity fund and a qualified opportunity zone business, including drafting all fund offering documents for a $4 million capital raise to fund a hotel development.
Disposition of Management, Partnership Interests for Multifamily Project Manager
Along with other attorneys in the firm, Rachel assisted a national multifamily project manager with disposing of management and general partnership interests in five states. The dispositions included seeking consent from housing agencies, the U.S. Department of Housing and Urban Development and the U.S. Department of Agriculture - Rural Development.
$40 Million Kansas Industrial Revenue Bond Issuance
Served as company counsel for the issuance of Industrial Revenue Bonds to achieve real property tax abatement for a large international company with respect to the expansion of its commercial facility.
Review of 480 Leases for Grocery Store Chain
Conducted a lease review for a national grocery store chain, consisting of approximately 480 leases across the country with a wide range of landlords and terms. This involved flagging construction and improvement rights, maintenance and repair responsibilities, approaching renewals and incomplete files.
$43 Million Bond Issue for Municipality
Represented a municipality in the issuance of more than $43 million in bonds to fund the redevelopment of a former shopping center site. Because of possible changes in the tax code, it was necessary to structure the transaction twice in order to anticipate all possible contingencies and minimize the tax obligation for the municipality’s developer.
Special Tax Counsel for Certificates of Participation
Served as Special Tax Counsel for the issuance of $64,470,000 Certificates of Participation for the construction of a jail facility for Greene County, Missouri.