CEI assists nonprofit developers seeking to renovate properties in their own portfolios and to purchase existing regulated affordable housing and existing unregulated housing serving a primarily low income population. CEI assists clients to analyze their portfolio to determine the best opportunities for resyndication to ensure successful operations for the future. Sponsors may decide to combine two or more existing projects, particularly small properties in close proximity to each other and/or with similar financing, into one new financing structure for a more viable resyndication. CEI has experience preserving and resyndicating existing HUD Section 202 and 236 properties, special needs housing, rural USDA properties and many others.
CEI provides the following services:
- • portfolio analysis to help clients determine which properties are best for resyndication, and which groups of projects might be combined into one financing structure
- • feasibility analysis for individual projects, including evaluation of current rent structure and relationship between actual tenant incomes and rents
- • analysis of project’s existing debt and how it might be extended and/or restructured to maximize benefit of the resyndication
- • analysis of how much equity could be raised through the syndication of 4% and/or 9% tax credits
- • assistance with negotiations with funders about loan restructuring to maximize benefits to the project
- • full syndication services including assisting with investor identification, selection, negotiation, and structuring of the project to maximize long term goals of the sponsor and continued affordability for the low-income tenants