Matters
- Peoples National Bank, N.A. – Regular representation of lender in financing transactions involving new markets tax credits, low-income housing tax credits and historic tax credits, including the rehabilitation of a building to house a school in St. Louis, Missouri.
- Midland States Bank – Represented lender in a new markets tax credit transaction involving tax increment financing for an initial phase of commercial development.
- St. Louis Equity Fund – Represented investor in low-income housing tax credit transaction in St. Louis, Missouri.
- Bank of Old Monroe – Represented client as investor and lender in various low-income housing tax credit transactions.
- Lisart Capital – Represented client as investor in a historic tax credit transaction for the redevelopment of student housing for a university in St. Louis, Missouri.
- Scottrade Bank – Represent client as lender in multiple real estate loans for the development of restaurants in St. Louis, Missouri area.
- The PrivateBank and Trust Company – Represented client as lender in refinancing a new markets tax credit and historic tax credit transaction.
- Ashford – Polsinelli served as counsel to a borrower in a HUD financing transaction involving 4% low-income housing tax credits. Polsinelli assisted the client with obtaining financing for acquiring property and construction of a multifamily affordable apartment development consisting of 101 residential units in Shawnee, Oklahoma.
- Southmont – Polsinelli served as counsel to a borrower in a HUD financing transaction involving 4% low-income housing tax credits. Polsinelli is assisting the client with obtaining financing for acquiring property and construction of a multifamily affordable apartment development consisting of 88 residential units in Fayetteville, Arkansas.
- Served as counsel to a developer in a complex and highly structured “twin” transaction involving federal New Markets Tax Credits and federal rehabilitation tax credits, as well as state historic tax credits.
- Advised a third-party lender in a New Markets Tax Credit transaction where the lender acted as both a “leverage” lender and a mortgage lender in a transaction involving multiple loans and borrowers.
- Represented the affordable housing division of a large national banking association in connection with the disposition of interests in over 130 LIHTC projects located in 22 states resulting in net sales proceeds to the client in excess of $150 million for the period.
- Represent the affordable housing division of a large national bank in connection with the redemption of fund limited partner interests from large national institutional investors.
- Represented national tax credit syndicator in connection with acquisition and subsequent sale of an interest in a GO Zone credit project in Louisiana.
- Represented nonprofit developer in connection with a $13 million renovation of a scatter site LIHTC development located in the urban core of Kansas City, Mo. The development won several national awards for energy efficiency and neighborhood economic impact.
- Served as counsel to an independent community development entity in 12 new projects totaling more than $100 million in Native American communities using new market tax credit financing.
- Served as developer’s counsel in closing an $11 million, 78-unit senior housing project using low-income housing tax credit financing.
- Served as counsel in closing an $11 million affordable family development in central Kansas City using low-income housing tax credit financing.
