Lynne Bolduc, Partner, FKBR Legal, Closed a $22 Million Refinancing of a Multifamily Real Property in Texas Using a Shareholder Rights Offering
January 10, 2024
Lynne Bolduc, Partner at FitzGerald Kreditor Bolduc Risbrough LLP, and team successfully closed a $22 million refinancing of a multifamily real property in Austin, Texas on December 19, 2024. This complex transaction included the transfer of the real estate to a Public Housing Financing Corporation in order to offer affordable, workforce housing in exchange for a property tax abatement and a modification and extension of the loan on the property, both of which were financed by a shareholder rights offering.
The firm’s client, a private real estate investment company, was founded in 2021 and has completed real estate financings and property acquisitions with the firm’s assistance.
The FKBR Legal team designed the creative solution of a shareholder rights offering in order to quickly finance these transactions to ensure closing before the holidays, showcasing the firm's innovative thinking to solve complex issues for its clients under tight deadlines. The team members involved in this project were:
Lynne Bolduc, Partner (lbolduc@fkbrlegal.com)
Josephine Rachelle Aranda, Senior Associate (jaranda@fkbrlegal.com)
Kaylee Whyte, Paralegal (kwhyte@fkbrlegal.com)
Their combined efforts and dedication exemplify FKBR Legal's commitment to providing high-level legal representation and customized solutions to meet the unique needs of their clients.
About FKBR Legal
For over 35 years, the award-winning attorneys at FitzGerald Kreditor Bolduc Risbrough LLP have delivered sophisticated legal guidance and adept representation to clients nationwide. FKBR Legal has guided clients through numerous business and economic cycles and changes in the law, successfully representing their interests from the negotiating table to the courthouse.
With a depth and breadth of experience rarely seen at a mid-size law firm, FitzGerald Kreditor Bolduc Risbrough LLP offers clients high-level representation across a broad range of industries and businesses.
For more information on how FKBR Legal can assist with your legal needs or to schedule a consultation, please contact Lynne Bolduc at (949) 788-8900 or lbolduc@fkbrlegal.com.
