Multifamily

Our attorneys have substantial experience in multifamily properties, including acquisitions, sales, financing, development, rehabilitation, and operation. We counsel owners, developers, managers, investors, and lenders, in market-rate and subsidized apartments rentals. We advise on government-sponsored enterprise loans through Fannie Mae and Freddie Mac, HUD/FHA Loan Programs, including construction and rehab, acquisition and refinancing, market and affordable, and other financing options for multi-family low-income affordable housing, including bond financing and tax credits.

Represented the developer in the acquisition, financing and construction of a mixed-use development in the Brighton area of Boston, Massachusetts consisting of a synagogue, mikvah, and a 75-unit apartment building, including an underground parking garage. This project required a land swap, reciprocal easement agreement for shared utilities and common areas, and leases in a three-phase development project. We also negotiated the construction agreement, and loan documents with a regional lender.

Represented the buyer of an estate in Nantucket, Massachusetts consisting of a compound with several homes on 63 acres of land. This project included negotiation of the purchase and sale agreement, and due diligence regarding building condition, title, zoning, and environmental matters, and obtaining M.G.L. Chapter 91 license for the property.

Represented the owner of a 25-unit apartment building in South Boston area of Boston, Massachusetts in the refinance with a regional lender. We negotiated loan documents, including limited guaranty covenants, and advised on lender requirements for the first-floor restaurant tenant.

Represented the owner of a condominium building in the Back Bay area of Boston, Massachusetts in the acquisition of all condominium units and the termination of the condominium to create a 14,000 square foot private residence. We also negotiated a construction contract with the contractor for gut renovations to the building.

Represented the owner of a 25,000 square foot building in the Downtown Crossing area of Boston, Massachusetts with Gap, Inc. as a retail tenant on the ground floor and apartments on the upper floors in a refinance transaction with a regional lender. The project was originally financed and developed using federal and state historic tax credits. We negotiated loan documents, coordinated title, zoning and tenant due diligence matters. We also restructured the ownership entities to terminate the expired historic tax credit structure, which included negotiations with limited partner investors and Gap Inc.