Dameon M. Rivers

Partner

riversd@ballardspahr.com
Tel 202.661.2231
Fax 202.661.2299
Washington, DC

Dameon's national real estate finance practice concentrates on the representation of commercial banks, community development financial institution (CDFIs), and other mortgage banking institutions in connection with construction and permanent loan transactions. His team routinely represents clients in affordable housing, senior housing, charter school finance, and revolving credit facilities.

Dameon is particularly known for his work on both balance-sheet and agency loan executions for projects benefited by 4% or 9% Low Income Housing Tax Credits (LIHTC). His experience includes the representation of both construction and permanent lenders on taxable and tax-exempt loan structures. He assists his clients in navigating the legal issues that are routinely encountered on LIHTC transactions, including subordinate debt and intercreditor agreements, ground leases, tax exemptions/abatements, tri-party agreements, regulatory agreements, and navigating HUD's regulatory framework.

A substantial portion of Dameon's practice is also devoted to the representation of lenders in connection with bridge, revolving, and permanent financing for senior housing projects. Dameon is well versed in the licensing and compliance issues that are unique to senior housing and is able to provide his clients practical solutions to issues that might arise in connection with licensing deficiencies, change of ownership procedures, and Medicaid provider agreements. Dameon and his team specialize in the closing, negotiation, and review of due diligence for large, multi-state mortgage pool transactions which are intended to be purchased by Fannie Mae or Freddie Mac.

Dameon routinely represents CDFIs in connection with construction and permanent loans extended to the operators of charter school facilities located throughout the United States. Recent transactions include loans secured by charter school facilities located in New York, New Jersey, Illinois, California, Colorado, and the District of Columbia.

A developing area of Dameon's practice involves the representation of lenders in connection with revolving and warehouse credit agreements extended to mortgage banking companies, which are secured either by agency permanent loan commitments or mortgage servicing rights.

Representative Matters

  • Represented lender in connection with a syndicated construction loan for a LIHTC project located in Washington, D.C.
  • Represented lender in connection with a $700,000,000 credit facility involving 50 senior housing facilities
  • Represented lender in connection with a $400,000,000 credit facility involving 16 senior housing facilities
  • Represented lender in connection with an $185,000,000 credit facility involving 36 senior housing facilities
  • Represented Lender in connection with syndicated loan for mixed-use project in Alexandria, Virginia
  • Primary real estate counsel to CDFI lender in connection with forward commitments and permanent loan closings for affordable housing and charter school facilities
  • Represented seller/servicers in connection with Freddie Mac and Fannie Mae loans throughout the United States
  • Represented CDFI lender in connection with a construction to permanent loan for a charter school located in Harlem, New York
  • Represented CDFI lender in connection with a construction to permanent loan for a charter school located in Washington, D.C.
  • Represented CDFI lender in connection with CDFI financing for a charter school located in Newark, New Jersey
  • Represented CDFI Lenders in connection with CDFI financing for charter school Phase I and Phase II located in Camden, New Jersey
  • Represented lender in construction financing for an integrated housing project located in Washington D.C. targeted for families at risk of homelessness with special needs

Professional Activities

National Multifamily Housing Council

MBA Commercial/Multifamily Future Leaders Program

University of Missouri-Kansas City School of Law (J.D. 2009)

Old Dominion University (B.S. 2004)

District of Columbia

Missouri