Acquisition
Housing Authority of Washington County
Woodspring

Financial and Development Consultant to the Housing Authority for the acquisition and refinancing of an expiring tax credit property in Tigard Oregon. Services included acquisition negotiations, property inspection and Capital Needs Assessment, Section 8 underwriting and oversight, property operations workout, short term financing, long term resyndication planning, financial underwriting, local governmental approval, OHCS relationship lead, property due diligence, transaction closing lead.

  • GEOGRAPHY TYPE: Urban
  • CLIENT TYPE: Housing Authority
  • FINANCING TYPE: Refinance
  • PROJECT TYPE: Acquisition
  • NUMBER OF UNITS: 172
  • LENDER: Banner Bank
  • FINANCING SOURCE:
    Tax Exempt Permanent Loan, OHCS Preservation Funding, Sponsor Equity
  • TAX-EXEMPT PERMANENT LOAN AMOUNT:
    $20,250,000
  • DEVELOPMENT / FINANCING BUDGET:
    $49,250,000
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