Dameon M. Rivers’ national real estate finance practice concentrates on the representation of commercial banks, community development financial institution (CDFIs), and other mortgage banking institutions in connection with construction and permanent loan transactions. His team routinely represents clients in affordable housing, senior housing, charter school finance, and revolving credit facilities.
Dameon is best known for his work on both balance-sheet and agency loan executions for projects benefited by 4% or 9% Low Income Housing Tax Credits (LIHTC). His experience includes the representation of both construction and permanent lenders on taxable and tax-exempt loan structures. He assists his clients in navigating the legal issues that are routinely encountered on LIHTC transactions, including subordinate debt and intercreditor agreements, ground leases, tax exemptions/abatements, tri-party agreements, regulatory agreements, and navigating HUD’s regulatory framework.
Dameon routinely represents CDFIs in connection with construction and permanent loans extended to the operators of charter school facilities across the country.
Another substantial portion of Dameon’s practice is devoted to the representation of lenders in connection with bridge, revolving, and permanent financing for senior housing projects. Dameon is well versed in the licensing and compliance issues that are unique to senior housing and is able to provide practical solutions to issues that arise in connection with licensing deficiencies, change of ownership procedures, and Medicaid provider agreements. Dameon and his team concentrate on the closing, negotiation, and review of due diligence for large, multi-state mortgage pool transactions.