State and Federal Financing Programs

Buchanan & Associates was retained by three limited partnerships which own mixed-income housing developments, each subsidized by state and federal housing programs. One partnership had been negotiating for three years with its state lender and its investors to restructure the financing on the project. After Buchanan & Associates began working with the partnership, an agreement in principle was reached within months, the funds were solicited and received from the limited partners within sixty days of the commitment letter's issuance, and the entire refinancing closed less than thirty days thereafter. The matter Ms. Madeja handled was successfully renegotiated and closed by subsequent counsel in cooperation with Ms. Madeja.