Christopher Renda Email & Phone Number

Provide debt and or equity for projects using Low Income Housing Tax Credits (LIHTC). Both 4% and 9% projects nationwide. Help developers find the best executions given their long-term capital goals, closing timeline, and necessary sources. Our clients like our consultative approach. We can act as a financial/capital markets resource on each project. And since each of our products are available a la carte. There’s not any pressure to use as a capital partner on every part of every deal. We want what’s best for the project and value every long-term relationship. Generally, our clients are able to send us a deal to review and we can provide a comparative analysis within a week to help their team decide what’s best. In this way, we even act as an extension of their team of analysts. Some info below about our programs: Our private placement option allows for the most streamlined process. Typically, closing in about 60 days. This option does not require compliance with the Davis Bacon Act or necessitate the use of prevailing wages. Currently, it outcompetes agency (Freddie TEL) executions on rate. Private placement option serves as a way to get some of the best features of HUD like a debt service payment based on 40-year amortization and interest-only construction payments without a lot of the red tape or headache. HUD remains a very popular option for good reason. A 221(d)(4) allows for a payment based on 40 year amortization and term. This is option is good for when developers have time and patience. The HUD process is long and arduous but worthwhile. Typically, closing in about a year. Generally, outcompetes all options on rate. Good option if your long-term goals would require a hold and full pay down of the asset. Or if you’re looking to exit in a rising interest rate climate, 221(d)(4) will allow the debt to be fully assumed by another qualified party for a fee. —-In my free time, like to read, ride motorcycles, find ways to get rid of crabgrass in my lawn forever, and spend time with my family.

Listed skills include Banking, Customer Service, Microsoft Office, Finance, and 5 others.

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  The George Washington University