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About the Teleseminar
Multi-family properties – apartment buildings, multiplexes, rehabbed and subdivided single family houses – have fared well during the general real estate downtown. As individuals look to more affordable, stable and short-term housing, they increasingly look to apartments and multiplexes. These trends are fueling a substantial increase in the development of new multi-family properties and the rehabilitation of existing properties into multiplexes. The credit crisis and recession in the real estate economy, however, have made both conventional and government guaranteed finance of these properties much more challenging. The short-term nature of occupancy of these properties also puts a premium on carefully drafted management agreements. This program will provide you with a practical guide to planning, structuring and drafting the development, finance and management of multi-family properties.
- Development, finance, and management issues for multi-family properties
- Conventional financing – special requirements for multi-family properties and trends
- Government sponsored or backed financing options – HUD/FHA, Fannie Mae and Freddie Mac
- Development agreements for multi-family properties – new construction v. buy/rehab/refinance
- Management agreements – scope of duties, liability, fees, collection of rent and rent increases
- Managing turnover – issues and fees related to marketing to new tenants
About the Speakers
Manuel A. Fernandez is partner in the Miami office of Akerman, LLP, where he has an extensive real estate practice representing commercial mortgage lenders, developers, and institutional and non-institutional investors in connection with the acquisition, development, financing, leasing and management of commercial and residential real estate assets and distressed real estate transactions. He also represents hedge funds, pension funds, and other real estate opportunity funds in connection with joint ventures. Mr. Fernandez received his B.A., cum laude, from the University of Miami and his J.D., magna cum laude, from the University of Miami School of Law.
Richard R. Goldberg is a retired partner, resident in the Philadelphia office of Ballard Spahr, LLP, where he established an extensive real estate practice, including development, financing, leasing, and acquisition. Earlier in his career, he served as vice president and associate general counsel of The Rouse Company for 23 years. He is past president of the American College of Real Estate Lawyers, past chair of the Anglo-American Real Property Institute, and past chair of the International Council of Shopping Centers Law Conference. Mr. Goldberg is currently a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute. Mr. Goldberg received his B.A. from Pennsylvania State University and his LL.B. from the University of Maryland School of Law.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour