Transactions

CWM attorneys, Delphine Carnes and Harriet Reynolds close on transaction to restore historic Masonic Theatre

On April 2, 2015, CWM attorneys, Delphine Carnes and Harriet Reynolds, closed on a transaction to fund the restoration of the historic Masonic Theatre in Clifton Forge, Virginia.  CWM represented Virginia Community Capital, the bridge lender in this complex transaction which combined a variety of funding sources, including New Markets Tax Credits, state and federal […]

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CWM attorneys represent Franklin Redevelopment and Housing Authority in rehabilitation of three communities

Delphine Carnes and Harriet Reynolds recently represented Franklin Redevelopment and Housing Authority (“FRHA”) in the rehabilitation of three of its communities, Berkley Court Apartments (“Berkley”), Pretlow Gardens (“Pretlow”) and Old Town Apartments (“Old Town”).  This project involved using Low-Income Housing Tax Credits (“LIHTCs”) in conjunction with the Rental Assistance Demonstration (“RAD”) to successfully renovate and […]

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CWM attorneys, Delphine Carnes and Harriet Reynolds close on transaction to build grocery store in Decatur, Illinois

On April 25, 2014, CWM attorneys, Delphine Carnes and Harriet Reynolds, closed on a transaction that utilized New Markets Tax Credits (“NMTCs”) to finance the construction of a new grocery store and affiliated convenience store and gas station in a low-income community in Decatur, Illinois (the “Project”).  CWM represented Hampton Roads Ventures, L.L.C. (“HRV”), a […]

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CWM attorneys, Delphine Carnes and Harriet Reynolds, represented Norfolk Redevelopment and Housing Authority in the Monroe Building transaction

This $9.7 million transaction utilized state and federal historic rehabilitation tax credits to renovate the hundred year old building for use as the Governor’s School for the Arts (the “Governor’s School”). Located in Norfolk’s Downtown Historic District, the Monroe Building, with its large three-paneled windows and terra cotta façade, is one of the few remaining […]

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CWM attorneys close on transaction to fund new cardiac intensive care unit in Dallas, Texas

CWM attorneys, Delphine Carnes and Harriet Reynolds, represented Hampton Roads Ventures, L.L.C. (“HRV”), a Community Development Entity based in Virginia, in the Children’s Medical Center (“CMC”) transaction which closed on October 31, 2013.  The CMC project utilized $10.5 million of HRV’s Round 10 new markets tax credit (”NMTC”) allocation to fund a new twelve (12) […]

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CWM attorneys attend ribbon cutting and grand opening reception for Centre Heldman Plaza in Pittsburgh, Pennsylvania

On October 17, 2013, attorneys Delphine Carnes and Harriet Reynolds attended the ceremonial ribbon cutting and grand opening reception for Centre Heldman Plaza located in Pittsburgh’s historic Hill District. Centre Heldman Plaza, anchored by Shop ‘n Save, a 29,500 square-foot, full-service grocery store, plays an integral role in the revitalization of the Hill District corridor, […]

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CWM attorneys close on financing to expand cotton mill in Lacassine, Louisiana

On September 30, 2013, CWM attorneys closed on a transaction utilizing New Markets Tax Credits (“NMTCs”) to expand the Zagis cotton mill, a minority-owned business located in rural Lacassine, Louisiana.  The Zagis facility is the first cotton spinning mill built in the United States in many years and serves as a pioneer in the movement […]

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CWM attorneys close on financing to expand aluminum processing plant in Foley, Alabama

On September 4, 2013, CWM attorneys Delphine Carnes and Harriet Reynolds closed on a transaction that utilized both federal and Alabama state new markets tax credits (“NMTCs”) to substantially expand the Vulcan Aluminum Processing Plant (“Vulcan”) located in a severely distressed non-metropolitan census tract in Foley, Alabama.  Vulcan’s facility processes hot-rolled aluminum into street signs.  […]

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CWM attorneys close on financing for expansion of fresh fruit processing and distribution facility in Eloise and Winter Haven, Florida

On August 30 2013, CWM attorneys Delphine Carnes and Harriet Reynolds closed on an innovative transaction to finance the expansion of the William G. Roe & Sons, Inc. fresh fruit processing and distribution facilities (“Roe”) located in Eloise and Winter Haven, Florida.  The Roe facility provides juice extraction, conditioning, packaging, marketing, distribution and storage services […]

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CWM attorneys close on financing for historic theater in St. Petersburg

On December 21, 2012, CWM attorneys Delphine Carnes and Harriet Reynolds closed on an innovative $5 million transaction in St. Petersburg, Florida which utilized both federal and state new markets tax credits (“NMTCs”) as well as grant funds from the City of St. Petersburg to renovate the historic “Manhattan Casino,” a segregation era theater that […]

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