Recap Advisors

Representative Clients

We’ve peformed transactions on 736 properties in 44 states. Read about a few.

separator

Team

Todd Trehubenko
Shannon Lestan
Philip B. Silva

separator

Contact

Todd Trehubenko
T: 617.338.9484 x214

Buy

Acquire properties on the right terms

separator

Acquiring affordable housing or other multifamily housing successfully requires skilled management of money, time, and risk.

Recap has closed a wide variety of acquisition transactions using numerous capital sources and many different deal structures. Much of our acquisition work is centered on the use of the federal Low Income Housing Tax Credit for the preservation and rehabilitation of affordable housing.

Any affordable housing purchase is a complex and risky enterprise

Deciding to acquire a specific at-risk property is just the beginning of a process that will require a lot of cash, staff time, and risk. There will be stakeholders with divergent goals and interests, complex funding structures, difficult operational processes, the need to allocate limited resources, and external risk, from changes in the capital markets to shifting market demographics.

Experienced and knowledgeable support is essential

A future owner needs someone who can flexibly manage an acquisition from start to finish, including

  • Management of internal risks, such as due diligence, earnest money, and pursuit costs
  • Management of external risks, such as regulatory approvals and changing market conditions
  • Supervision of third-party professionals, such as market surveyors, and construction and design professionals
  • Negotiation of key transaction elements
  • Achievement of a reliable, transparent closing
  • Post-closing support


Recap Advisors ensures the most effective use of resources when you buy an affordable housing asset

Our successful acquisitions are the result of our experience and our overall commitment to narrowing the gaps of money, time, and risks on behalf of our clients.

Service elements

  • Preliminary evaluation of candidate properties
  • Pricing and benefit modeling
  • Letter of Intent and Purchase Agreement negotiation
  • Financial transaction structuring
  • Negotiation of debt and equity terms, with client application support
  • Due diligence coordination and management
  • Subsidy Renewal and Reconfiguration Services as appropriate
  • Transaction closing under direction of Client counsel
  • Transition period management
  • Asset Management through stabilization period

Services are tailored to the specifics of each individual acquisition.