Krooth & Altman LLP represents most of the Fannie Mae DUS Lenders and Freddie Mac Optigo Lenders, assisting them in closing transactions originated under their respective product lines, including conventional housing, manufactured housing, seniors housing, student housing, affordable housing, taxable and tax-exempt bond credit enhancements, forward fundings, and negotiated transactions. K&A attorneys have experience with the various features that add complexity to transactions closed within these product lines, as well, having represented lenders in transactions involving DST structures, ground leases, historic tax credits, Shari’ah-compliant lending, reverse 1031 exchanges, tenancies in common, low income housing tax credits, tax abatements, preferred equity and mezzanine financing, and cross-collateralization and cross-default features. Our breadth and depth of experience enables us to provide high quality feedback on various “waiver” issues so that all parties have a more efficient closing process. Similarly, our long history of closing Fannie Mae and Freddie Mac loans has allowed us to establish strong lines of communication with our respective Fannie Mae and Freddie Mac in-house counsel peers.
K&A attorneys also use their expertise with the Fannie Mae and Freddie Mac loan programs to assist clients with servicing matters that arise after loans have closed. These matters include straightforward loan assumption and easement requests, as well as more complicated matters involving ownership interest transfers, partial releases, collateral swaps, and other modifications to performing loans.