Name
Federated National Land, LLC
Description
CAPABILITY STATEMENT FOR FEDERATED NATIONAL LAND, a Certified MWBE Title Company – Industry Code: 953 – Subclass Code 95387
❖ Federated National Land is a New York and New Jersey based Title Agency that specializes in providing full-service title services and title insurance for complex multi-family affordable housing transactions as well as other complex commercial ventures.
❖ We work regularly on projects that have complex private financing and we routinely work with a variety of New York City, New York State and Federal Agencies including:
• City of New York’s Department of Housing Preservation and Development (HPD);
• New York City Housing Development Corporation (HDC);
• New York City Housing Authority (NYCHA);
• New York City Economic Development Corporation (EDC);
• New York State Homes and Community Renewal (HCR);
• United States Department of Housing and Urban Development (HUD).
❖ We often insure projects in excess of $100,000.000 in total development costs.
❖ We can also co-insure projects of any size.
SAMPLE EXPERIENCE:
BEC II Resyndication – $107Million Owners Policy with $82Million in Loan Policies – 560 Unit, scattered-site, Low-Income Housing Tax Credit project in Brooklyn located on 45-parcels of land – financed with Tax Exempt Bonds (HDC) and Low-Income Housing Tax Credits (LIHTC). This ambitious project is a Joint Venture between a large for-profit developer a not-for-profit community-based organization. LIHTC financing was arranged through The Richman Group, and the Letter of Credit was provided by Citibank.
1880 Boston Road - $77.8Million Owners Policy and over $60Million in Loan Policies. Complicated project targeted for low-income seniors in the Bronx built on air rights over an existing community facility and commercial space, owner has a Ground Lease to be converted to a condominium in the future. LIHTC financing was arranged through Raymond James, and the Letter of Credit was provided by TD Bank. Additional funding provided by HPD, HDC and HUD.
WHAT SEPARATES US:
❖ We regularly work hand in hand with city agencies to clear old violations and obtain clear title;
❖ We are a member of your team every step of the way – we participate in project calls and work persistently behind the scenes;
❖ We go over and above the call of duty to review legal documents and resolve issues at an early stage.
❖ We care about the long-term viability of the project and are accessible and easy to work with.
❖ We have both Title Specialists as well as Affordable Housing Specialists and can understand the complex structure and nuances of your project.
PRINCIPALS: SONIA V. BLAKE, ESQ., MICHAEL E. BENZI, ESQ. AND MICHELLE PALIJARO
Would you like to learn more?
Please Contact: Sonia V. Blake, Esq.
Principal at Federated National Land, LLC
Sonia V. Blake, Esq.
❖ Federated National Land is a New York and New Jersey based Title Agency that specializes in providing full-service title services and title insurance for complex multi-family affordable housing transactions as well as other complex commercial ventures.
❖ We work regularly on projects that have complex private financing and we routinely work with a variety of New York City, New York State and Federal Agencies including:
• City of New York’s Department of Housing Preservation and Development (HPD);
• New York City Housing Development Corporation (HDC);
• New York City Housing Authority (NYCHA);
• New York City Economic Development Corporation (EDC);
• New York State Homes and Community Renewal (HCR);
• United States Department of Housing and Urban Development (HUD).
❖ We often insure projects in excess of $100,000.000 in total development costs.
❖ We can also co-insure projects of any size.
SAMPLE EXPERIENCE:
BEC II Resyndication – $107Million Owners Policy with $82Million in Loan Policies – 560 Unit, scattered-site, Low-Income Housing Tax Credit project in Brooklyn located on 45-parcels of land – financed with Tax Exempt Bonds (HDC) and Low-Income Housing Tax Credits (LIHTC). This ambitious project is a Joint Venture between a large for-profit developer a not-for-profit community-based organization. LIHTC financing was arranged through The Richman Group, and the Letter of Credit was provided by Citibank.
1880 Boston Road - $77.8Million Owners Policy and over $60Million in Loan Policies. Complicated project targeted for low-income seniors in the Bronx built on air rights over an existing community facility and commercial space, owner has a Ground Lease to be converted to a condominium in the future. LIHTC financing was arranged through Raymond James, and the Letter of Credit was provided by TD Bank. Additional funding provided by HPD, HDC and HUD.
WHAT SEPARATES US:
❖ We regularly work hand in hand with city agencies to clear old violations and obtain clear title;
❖ We are a member of your team every step of the way – we participate in project calls and work persistently behind the scenes;
❖ We go over and above the call of duty to review legal documents and resolve issues at an early stage.
❖ We care about the long-term viability of the project and are accessible and easy to work with.
❖ We have both Title Specialists as well as Affordable Housing Specialists and can understand the complex structure and nuances of your project.
PRINCIPALS: SONIA V. BLAKE, ESQ., MICHAEL E. BENZI, ESQ. AND MICHELLE PALIJARO
Would you like to learn more?
Please Contact: Sonia V. Blake, Esq.
Principal at Federated National Land, LLC
Sonia V. Blake, Esq.
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