Real Estate
Development and Financing
Elkins, PLC sits at the forefront of legal representation in real estate projects at the local, state and national levels. Our real estate practice spans the development of residential, mixed-use, commercial and resort properties, acquisition, disposition, financing and leasing of real estate projects. We represent developers, investors and lenders in secured and unsecured financing transactions, including construction, permanent and mezzanine financing. Our Team’s understanding of the legal, tax and financing considerations unique to real estate development allows us to advise clients from initial inception to exit, including structuring of financing, treatment of tax considerations, compliance with local, state and federal laws, land use and zoning compliance and variations, construction law and leasing matters. Our wealth of experience and resources allows our team to get the most complex transactions structured, documented and closed in a timely and efficient manner.
Historic Rehabilitation Tax Credits
Elkins, PLC provides comprehensive services to clients involved with the development and restoration of historic properties, including structuring of financing, negotiations with tax credit investors, real estate and tax issues involved in the acquisition, construction, placement in service, operation and exit strategies for historic projects. Our Team has more than thirty years of experience in representing owners, developers, investors and lenders on projects throughout the U.S. that rely upon Federal and State Historic Rehabilitation Tax Credits as an integral part of their financing structure, equating to billions of dollars of development. We are widely recognized for our work with Historic Rehabilitation Tax Credits.
Low Income Housing Tax Credits
Elkins, PLC provides comprehensive services to clients developing affordable housing, including project structuring, project financing, negotiations with tax credit syndicators, real estate and tax issues involved in the acquisition, construction, placement in service and operation of the project. We have been instrumental in guiding the development and financing of affordable projects, mixed-income projects and mixed-use projects, totaling billions of dollars in debt and equity closings. Our Team is nationally recognized as a leader in the representation of both for profit and non-profit organizations in the development of affordable housing financed with the assistance of Low Income Housing Tax Credits.
New Markets Tax Credits
Elkins, PLC is actively involved in the Federal and State New Markets Tax Credit programs. We represent tax credit investors, leveraged lenders, community development entities and qualified active low-income community businesses, in transactions ranging from $6 million to $100 million dollars. Our Team provides comprehensive services to clients developing New Markets Tax Credits eligible projects throughout the U.S. including structuring, financing, negotiations with tax credit investors, real estate and tax issues, acquisition, construction, operation and exit strategies for the project.
Bonds, Banking & Commercial Transactions
Elkins, PLC provides advice to clients developing projects utilizing bonds, including project structuring, IDB lease-back transactions, project financing, negotiations with banking institutions and governmental entities, real estate and tax issues involved in the acquisition, construction and operation of the project. Our Team negotiates with both domestic and foreign financial institutions, commercial finance companies, institutional lenders and privately held equity investors.
Zoning and Land Use
Elkins, PLC understands the complexities associated with development of property including local zoning, planning and other land use considerations. Our Team assists clients in obtaining necessary zoning, planning and variance approvals by working with local government jurisdictions and agencies. We work with clients to process zoning change requests, waivers, and re-subdivisions to address specific project needs.