THIS IS AN ADVERTISEMENT.
Experienced attorneys. Peck Shaffer attorneys have been involved in tax-exempt of financing assisted living facilities (“ALFs”) since the beginnning of the development of such facilities.
We understand the financing structures. Peck, Shaffer attorneys have structured ALF financings as qualified residential rental housing issues under Section 142(d) of the Internal Revenue Code with for-profit owners and as qualified 501(c)(3) issues under Section 145 of the Internal Revenue Code for owners that are 501(c)(3) organizations. We have been involved in both single facility and multiple facility financings.
We help guide the transaction. In guiding the transaction to its conclusion, we often help coordinate the activities of the borrower, borrower’s counsel, a third party developer, feasibility consultants, credit enhancers and their counsel, the underwriter, and underwriter’s counsel. We understand the needs of the various parties to the transaction to conclude the financing as quickly as practical.
We serve as an information resource. In addition to our work relative to specific financings, we have always sought to assist issuers and lenders by providing research, other source materials or counsel on a pro bono basis. For example, we distribute memoranda to public and non-profit clients relating to substantive state or federal law changes or proposed regulatory matters that might impact upon public and non-profit entities and, when necessary, assist in develop alternative problem solving approaches.
We have a national perspective. We have been involved as bond counsel or underwriter’s counsel in ALF financings in numerous states.