Windsor Renaissance – Cincinnati, Ohio

 

Windsor Renaissance – Cincinnati, Ohio

Closed - May 2016

Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and rehabilitation of Windsor Renaissance, a market-rate apartment project in Cincinnati, Ohio. Project financing included equity from the syndication of Federal Historic Rehabilitation Tax Credits (Stearns Bank) and State of Ohio Historic Rehabilitation Tax Credits (Global X), conventional construction, equity bridge and term financing (First Financial Bank) and owner equity.  The project is being developed by Core Redevelopment, LLC.

Evansville Housing Authority RAD Conversion – Evansville, Indiana

 

Evansville Housing Authority RAD Conversion – Evansville, Indiana

Closed - May 2016

Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and rehabilitation of Kennedy Towers, Buckner Towers, Schnute Towers, White Oak Manor and Caldwell Homes located in Evansville, Indiana, consisting of 559 affordable rental housing units.  Project financing included tax-exempt bond financing (City of Evansville), equity from the syndication of 4% Low-Income Housing Tax Credits (Alliant), FHA-insured construction and term financing (P/R Mortgage & Investment Corp.), equity bridge financing (Lake City Bank), seller financing (Evansville Housing Authority) and subordinate financing (Evansville Housing Authority and Indiana Housing and Community Development Authority).  The project, which also involved the conversion of public housing units under the Rental Assistance Demonstration (RAD) Program, is being developed by Advantix Development Corporation, an affiliate of the Evansville Housing Authority.

Music City Place – Richmond, Indiana

 

Music City Place – Richmond, Indiana

Closed - May 2016

Kuhl & Grant LLP served as counsel to the developers and the owner in connection with the acquisition and new construction of Music City Apartments, a 50-unit affordable rental housing project in Richmond, Indiana.  Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (Alliant), conventional construction financing (First Merchants Bank) and subordinate financing (Indiana Housing and Community Development Authority).  The project is being co-developed by Flaherty & Collins Development, LLC and Western Wayne Affordable Housing, Inc.

Village of Hope – Gary, Indiana

 

Village of Hope – Gary, Indiana

Closed - April 2016

Kuhl & Grant LLP served as counsel to the developers and the owner in connection with the acquisition and new construction of Village of Hope, a 40-unit permanent supportive rental housing project in Gary, Indiana.  Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (Alliant), conventional construction financing (KeyBank) and subordinate financing (Indiana Housing and Community Development Authority).  The project is being co-developed by Sojourner Truth House, Inc. and TWG Development, LLC.

Apperson Way Apartments – Kokomo, Indiana

 

Apperson Way Apartments – Kokomo, Indiana

Closed - January 2016

Kuhl & Grant LLP served as counsel to the developers and the owner in connection with the acquisition and new construction of Apperson Way Apartments, a 69-unit affordable rental housing project in Kokomo, Indiana. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (Cinnaire), conventional construction financing (BMO Harris Bank) and subordinate financing (Indiana Housing and Community Development Authority and Federal Home Loan Bank of Indianapolis). The project is being co-developed by Partners In Housing Development Corporation and TWG Development, LLC.