The principal focus of the practice of the Law Office of Kenneth B. Tecler, LLC is multifamily housing financing for local housing authorities and non-profit entities in Montgomery County. The firm has worked extensively with and for the Housing Opportunities Commission in numerous acquisitions and financings of subsidized and mixed income properties and consulted with other housing authorities in similar transactions.
The firm has often played a role in developing techniques to achieve successful results for clients in acquiring and financing affordable housing. These financings have involved various types of credit enhancements, including enhancements provided by FHA, Ginnie Mae, Fannie Mae, Freddie Mac, the Federal Home Loan Banks, municipal bond insurance, bank letters of credit, insurance company guaranties and credit enhancement vehicles provided by other institutions. Some of these financings have utilized loans provided by a variety of commercial and governmental lenders. Affordable housing transactions typically involve a combination of financing structures including private equity, multiple layers of state and federal financings, and/or or conventional debt. Working with a variety of financing techniques, the firm has been involved in transactions with federal and state affordable housing tax credits, including those using tax-exempt bond financing, HUD financing, FHA financing, low-income housing tax credits, tax exempt financing, local, state, and federal financing and assistance from private foundations grants.
The firm also represents clients in the acquisition and financing of commercial and retail use properties with private financing or loans from commercial lenders. The firm has substantial experience in the application of local and state law to condominium development and conversions to condominium, in the use of tax deferred exchanges and the application of transfer and recordation taxes to transfers between related entities. In addition, the firm assists in the negotiation of commercial leases and property management agreements as well as representation of owners in matters regarding residential and commercial landlord-tenant issues.
Please call for an appointment at your office or mine
One Research Court, Suite 450, Rockville, MD 20850, US
Today |