Candace Cunningham practices commercial real estate law specializing in Fannie Mae and Freddie Mac Delegated Underwriting and Servicing (DUS) lender financing for apartments, senior housing, and affordable housing nationwide. She is a member of the firm’s Real Estate + Development Group.
Real Estate Financing
Ms. Cunningham represents commercial and institutional lenders, and private financiers in complex structured financings of multifamily properties and affordable housing loan programs with Fannie Mae, Freddie Mac, U.S. Department of Agriculture, and commercial mortgage-backed securities (CMBS) executions. She handles a range of loan structures, including fixed and floating rate debt, tax-exempt bonds, affordable forwards, and credit facilities. Ms. Cunningham has been practicing in this specialty for 20 years.
Ms. Cunningham has handled several multi-million dollar loans in connection with projects nationwide. She represented a national bank, which was construction and permanent lender, for a $100 million transit-oriented affordable housing project in Florida, and a $64 million affordable housing redevelopment project in Colorado. In 2016, Ms. Cunningham closed an aggregate of $356.5 million in loans which financed 4,246 apartment units.
Before joining the firm, Ms. Cunningham represented and advised various commercial and institutional lenders regarding commercial real estate, asset-based finance; corporate, workout, and restructuring issues; revolving credit; term, demand, and commercial construction loans; and corporate finance. She also has negotiated and structured commercial leases for a national retailer at shopping malls throughout the United States.
Ms. Cunningham has done pro bono work on behalf of non-profit and professional organizations. She assisted the Connecticut Rivers Alliance with lease negotiations. She currently represents the Connecticut Community Economic Development Fund, which she is providing with dispute mediation services. She has also represented the local office of the American Institute of Architects, including handling an office lease negotiation and closing.