Van Patten & Company Closes Fannie Mae Permanent Financing

Van Patten & Company is pleased to announce that in late December 2011, we closed two new permanent Fannie Mae loans for Class A multifamily properties in Arkansas.

Each new Fannie Mae loan had a 30 year amortization and each property was a top notched market rent multifamily property.

Van Patten & Company was involved in these two projects from the beginning and we thank our client for the opportunity to assist in the successful completion of these financings.

Van Patten & Company Closes 2011 Tax Credit Deals

Van Patten & Company is pleased to announce that in April 2011, we closed the first of two tax credit deals we submitted applications to the Arkansas Development Finance Authority in 2010.  This deal was an affordable housing preservation deal and received an allocation of low income housing tax credits in 2010 and also had a 40 year construction / permanent FHA 221(d)4 loan which was non-recourse.

Van Patten & Company is also pleased to announce that in late September 2011, we closed the second of two tax credit deals we submitted to the Arkansas Development Finance Authority in 2010.  This deal was also an affordable housing preservation deal and received an allocation of low income housing tax credits in 2010 and additionally had a 40 year construction / permanent FHA 221(d)4 loan which was non-recourse.

Our firm was involved in these projects from the beginning and we look foward to the successful remodel and new place in service of the these apartments communities.  We thank our client for the opportunity to assist in the successful completion of these financings.

Lastly, we are pleased that we received an allocation for tax credits for both applications submitted to ADFA in 2010.

Another Van Patten & Company Deal Closed - First ADFA 2009 New 9% Tax Credit Deal Closed!

Van Patten & Company is pleased to announce that on April 14, 2010 the first 2009 9% tax credit deal in Arkansas was closed.  The deal received a 2009 allocation of 9% tax credits, exchange funds, and TCAP funds and also had a 40 year construction / permanent FHA 221(d)4 loan (the loan was non-recourse).

We are also pleased to announce that out of 45 applications submitted during the 2009 Arkansas Development Finance Authority tax credit cycle, this project received the highest score and ranking.

Van Patten & Company was involved in this project from the beginning and we look forward to the successful remodel and new place in service of this apartment community.  We thank our client for the opportunity to assist in the successful completion of this financing.