Vine & Associates

 

specializes in providing

consulting services

in 4 areas.

 

(Following are examples of actual completed assignments.)

• Review and approve all workout strategies and risk ratings on problem assets for an affordable housing lender

• Manage the foreclosure and subsquent resale of 2 multifamily properties for an affordable housing lender

• Restructure a defaulted $100 million A&D credit line with a borrower threatening bankruptcy and 4 bank participants  for a large comercial bank

• Negotiate the restructuring of 12 LIHTC partnerships of projects throughout the Southwest US, replacing the developer general partner for a tax credit syndicator

• Regularly sell $30 - $50 million of affordable multifamily mortgages in the secondary market usually at a premium to par value for an affordable housing lender
• Provide advice and due diligence support for a purchase of $150 million of affordable housing mortgages for a secondary market purchaser
• Conduct the first time sale of first and second mortages for a CDFI
• Assist the lenders to a liquidating lender to sell the performing portion of its portfolio to a commercial bank

• Update underwriting standards and procedures for 2 community development lenders
• Perform comprehensive portfolio risk reviews for 2 affordable housing lenders
• Assist the community development department of a commercial bank to prepare for a regulatory audit
• Underwrite new community development loans and investments in LIHTC funds for a commercial bank
• Review and provide structuring assistance for acquisition loan submissions to a $100 million city-sponsored fund to finance the acquisition of sites for affordable housing construction projects

Product Development

• For a non-bank lender create a tax exempt bond loan program to allow small projects to gain access to 4% low income housing tax credits.  Then find, purchase, finance and rehab 2 scattered site HUD preservation projects utilizing the program to demonstrate its efficacy
• Succesfully adapt a Chicago program to provide construction to perm financing for small property owners to rehab 5 - 20 unit properties in Los Angeles for an affordable housing lender

Contact Vine & Associates today to see what we can do for you!