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CWM attorneys close on transaction to fund new cardiac intensive care unit in Dallas, Texas

Posted on October 31, 2013
Posted in Transactions

CWM attorneys, Delphine Carnes and Harriet Reynolds, represented Hampton Roads Ventures, L.L.C. (“HRV”), a Community Development Entity based in Virginia, in the Children’s Medical Center (“CMC”) transaction which closed on October 31, 2013.  The CMC project utilized $10.5 million of HRV’s Round 10 new markets tax credit (”NMTC”) allocation to fund a new twelve (12) […]

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CWM attorneys attend ribbon cutting and grand opening reception for Centre Heldman Plaza in Pittsburgh, Pennsylvania

Posted on October 17, 2013
Posted in Transactions

On October 17, 2013, attorneys Delphine Carnes and Harriet Reynolds attended the ceremonial ribbon cutting and grand opening reception for Centre Heldman Plaza located in Pittsburgh’s historic Hill District. Centre Heldman Plaza, anchored by Shop ‘n Save, a 29,500 square-foot, full-service grocery store, plays an integral role in the revitalization of the Hill District corridor, […]

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CWM attorneys close on financing to expand cotton mill in Lacassine, Louisiana

Posted on September 30, 2013
Posted in Transactions

On September 30, 2013, CWM attorneys closed on a transaction utilizing New Markets Tax Credits (“NMTCs”) to expand the Zagis cotton mill, a minority-owned business located in rural Lacassine, Louisiana.  The Zagis facility is the first cotton spinning mill built in the United States in many years and serves as a pioneer in the movement […]

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CWM attorneys close on financing to expand aluminum processing plant in Foley, Alabama

Posted on September 4, 2013
Posted in Transactions

On September 4, 2013, CWM attorneys Delphine Carnes and Harriet Reynolds closed on a transaction that utilized both federal and Alabama state new markets tax credits (“NMTCs”) to substantially expand the Vulcan Aluminum Processing Plant (“Vulcan”) located in a severely distressed non-metropolitan census tract in Foley, Alabama.  Vulcan’s facility processes hot-rolled aluminum into street signs.  […]

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CWM attorneys close on financing for expansion of fresh fruit processing and distribution facility in Eloise and Winter Haven, Florida

Posted on August 30, 2013
Posted in Transactions

On August 30 2013, CWM attorneys Delphine Carnes and Harriet Reynolds closed on an innovative transaction to finance the expansion of the William G. Roe & Sons, Inc. fresh fruit processing and distribution facilities (“Roe”) located in Eloise and Winter Haven, Florida.  The Roe facility provides juice extraction, conditioning, packaging, marketing, distribution and storage services […]

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CWM attorneys close on financing for historic theater in St. Petersburg

Posted on December 15, 2012
Posted in Transactions

On December 21, 2012, CWM attorneys Delphine Carnes and Harriet Reynolds closed on an innovative $5 million transaction in St. Petersburg, Florida which utilized both federal and state new markets tax credits (“NMTCs”) as well as grant funds from the City of St. Petersburg to renovate the historic “Manhattan Casino,” a segregation era theater that […]

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Mixed-Use Facility under construction

Posted on August 15, 2012
Posted in Transactions

Jazz@Walter Circle, a 4-story, mixed-use facility located in East St. Louis, IL, is currently under construction and is scheduled to be completed by November 2012. CWM attorney Delphine Carnes structured the New Markets Tax Credits (NMTC) financing for this innovative transaction which is the first to use HUD public housing funds as leveraged debt in […]

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CWM attorneys close on financing for biodiesel facility

Posted on August 15, 2012
Posted in Transactions

On August 2, 2012, CWM attorneys Delphine Carnes and Harriet Reynolds closed on a transaction using New Markets Tax Credits (NMTC) to help finance the operations of the Oswalt Bioenergy facility located in Lake Providence, Louisiana. CWM represented Hampton Roads Ventures, LLC (HRV), a Virginia-based Community Development Entity which used $8 million of its NMTC allocation […]

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CWM attorneys attend ribbon-cutting for Howard Theatre

Posted on April 15, 2012
Posted in Transactions

On April 9-10, 2012, attorneys Delphine Carnes and Harriet Reynolds attended the ribbon cutting ceremony and grand opening reception for the historic Howard Theatre located near the corner of 7th and T Streets in Washington, DC, a venue on the “Chitlin Circuit” known for launching the careers of many famous African-American performers. The Howard Theatre […]

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CWM success at trial ensures secured lien remains

Posted on April 1, 2012 by W. Ryan Snow
Posted in Cases

CWM attorney Ryan Snow succeeded at trial in a case attempting to strip a secured creditor’s lien from a property in bankruptcy. CWM represented the defendant in the adversary proceeding. The plaintiff filed suit to avoid the lien as being unsupported by equity, but the federal Bankruptcy Court disagreed after considering competing appraisals and expert […]

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