About Michael P. Murphy
Michael Murphy helps institutional lenders close deals and provide loans for affordable housing developments and complete their exit strategy through the securitization of the loans. Michael has practiced in this area of law for almost 40 years, and his deep understanding of the specific transactional and tax issues faced by lenders makes all the difference for his clients.
Closing public finance transactions for 40 years
Navigating public finance transactions takes considerable skill, knowledge and insight. Moreover, it takes an understanding of the specific, unique issues that can arise in these transactions. For nearly 40 years, Michael has closed public finance deals related to affordable housing developments. He understands the challenges that can arise, and he understands how to manage transactions in a way that preserves relationships and protects his clients' interests.
Michael represents government-sponsored enterprises and other financial institutions that provide credit enhancement and liquidity facilities, private equity funds, investment banks and owners of facilities financed with tax-exempt bonds, including 501(c)(3) charitable organizations. He has handled deals involving multifamily housing, senior living facilities and public facilities. He also assists clients in establishing national programs involving unique, complex structures.
- Closing public finance and real estate transactions involving affordable multifamily housing using tax-exempt financing, low-income housing tax credits and other forms of subsidy
- Securitization of tax-exempt affordable multifamily housing loans
- Affordable multifamily housing transaction issues related to regulatory agreements, HUD subsidies, ground leases, real estate tax abatement, condominium regime and multiple levels of subordinate debt
- Represented client in the financing which helped build the largest residential tower in Brooklyn, New York.
- Represent client in financing a $2.3 billion tunnel rehabilitation and construction project in Virginia utilizing a public-private partnership structure.
- Represented client in financing a $1.3 billion bridge in New York in 2012 and 2013 utilizing a public-private partnership structure.
May 20, 2015
November 8, 2013
June 1, 2012
June 1, 2012
August 1, 2010
Katten Represents US Department of Transportation in $171 Million Financing of San Francisco Transbay Transit CenterJanuary 28, 2010
Presentations and Events
Chair | TIFIA and a New Transportation Bill: Funding Needs for the P3 IndustryJune 17–18, 2014
Moderator | State of the Debt Capital MarketsFebruary 25, 2014
Speaker | Multifamily HousingOctober 28–30, 2009
Speaker | Increasing the Flexibility of Private Activity Bonds, TIFIA and Variable Pricing Issues of the Interstate Highway SystemMarch 11–13, 2009