Real Estate Financing
Every real estate project has its own complex set of concerns. That's why clients appreciate the business-oriented, pragmatic approach our real estate finance attorneys take to addressing their unique transaction issues. We regularly represent large and small financial institutions, land owners, and developers in a wide array of real estate lending transactions, including term loans, construction financing, land development loans, and project financing. Experienced negotiators, we work in lean economical teams to find creative solutions to our clients' greatest challenges.
Our work with structuring, negotiating, and documenting secured or mortgage-based financing transactions is extensive and includes matters involving all property types—office, industrial, warehouse, retail, apartments, townhomes/condominiums, restaurants, hotels, and gaming projects. Recognizing that unique situations require creative solutions, we are skilled at drafting and review of contracts for deed as short- and long-term financing alternatives for projects that otherwise do not fit into standard financing packages.
Tax Credit Financing
We have extensive experience in working on all sides of real estate projects that are financed with almost all types of federal and state tax credits, including low income housing tax credits, historic tax credits, new markets tax credits, and energy tax credits. For our lender clients providing debt financing on tax credit projects, we help them understand the complicated process involved in qualifying for and monetizing tax credits so that loans they provide will be secured and repaid when expected. We also guide banks and other investors in making equity investments in tax credit projects in exchange for allocations of tax credits back to them. In addition to being experts in closing these complicated projects, we also leverage our deep relationships with developers and other players in the tax credit industry to introduce our lender and investor clients to new business opportunities.
Tax Increment Financing (TIF)
Our TIF-savvy attorneys have maximized assistance for owners, developers, and municipalities in a wide variety of tax increment financing projects ranging from $100 million Class A office and mixed-use projects in downtown Minneapolis, to new manufacturing/industrial/warehouse facilities in Twin Cities' suburbs and out-state Minnesota developments. We take great pride in helping maximize the assistance obtained by our owner/developer clients.
Workouts and Bankruptcy
We also regularly advise lenders in connection with the workout and foreclosure of troubled real estate loans, and bankruptcy—and are well versed in the distinct concerns faced in connection with such matters, including receiverships, environmental liabilities, rights of competing creditors and tenants, and other third party and lender liability claims.