Michele Arbeeny and Carrie Foote Represent Bond Purchaser in Landmark Bond Issue
Michele Arbeeny (Partner, New York) and Carrie Foote (Associate, New York) represented a nationally recognized bank in its role as bond purchaser in one of the first bond financings approved by Build NYC Resource Corporation, a new local development corporation and conduit bond issuer. The borrower, New York Foundling Charitable Corporation, which provides housing and services to child-welfare agencies, was approved for $15.2 million in tax-exempt financing to refinance a loan used to construct a 56,000 square-foot building in the Mott Haven section of the Bronx.
Build NYC announced the deal in a press release.
Windels Marx is nationally recognized in public finance, affordable housing and not-for-profit matters. We've earned a reputation for technical excellence in this highly complex area of the law, as well as for innovative problem-solving. Learn more about our work.
