Candace M. Cunningham

Counsel

  • Overview

    Biography

    Candace Cunningham practices commercial real estate law, with an emphasis on 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.

    Pro Bono

    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.

  • Experience
    • Experience

      Experience

        Affordable Housing Finance

      • Representation of national bank as bond purchaser concerning Sheridan Station Apartments, a $27 million redevelopment of a former public housing project site in Washington, D.C., into a mixed-income housing development. The development was financed with tax-exempt bonds issued by the District of Columbia Housing Finance Agency, Federal Low Income Tax Credits, American Recovery and Redevelopment Act stimulus funds, and HOPE VI funds provided through the District of Columbia Housing Authority, a subsidy loan from the District of Columbia Office of the Deputy Mayor for Planning and Economic Development, and a U.S. Department of Energy grant.
      • Representation of a national bank as construction and permanent lender regarding the Brownsville Station and Everett Stewart Jr. Village, a $100 million development of a transit-oriented affordable housing project on a former commuter parking lot in Miami, Florida. The development was financed with conventional loan proceeds, Federal Low Income Tax Credits, American Recovery and Redevelopment Act stimulus funds provided through the Florida Housing Finance Corporation, and a subsidy loan from Miami-Dade County.

      • Representation of a national bank as construction and permanent lender regarding the Mariposa Redevelopment Phases I-VIII, a combined $64 million, multiyear comprehensive redevelopment of the La Alma/Lincoln Park Neighborhood located in central section of the City of Denver for six affordable housing projects and approximately 451 units. The development was financed with conventional loan proceeds, Federal Low Income Tax Credits, HOPE VI, Replacement Housing Factor and Program stimulus funds provided through the Denver Housing Authority, and Operating Subsidies from HUD.

      • Representation of national bank as permanent lender regarding a series of Targeted Affordable Housing Commercial Market Execution acquisition permanent loans to national affordable housing developer, in connection with multifamily properties Affinity at Colorado Springs, Affinity at Billings, Affinity at Mill Road, and Affinity at Covington, located in California, Washington and Colorado for aggregate loans of $90 million and 460 low income apartment units.

      • Other Experiences

      • Representation of the Connecticut Capital Region Development Authority (CRDA) in the documentation, negotiation, due diligence, and closing of consecutive construction-to-permanent loans in Hartford, Connecticut.

      • Commercial Leasing

      • Representation of national retailer in shopping mall leases nationwide.

    • Professional Associations

      Professional Associations

      American Bar Association
      Section of Real Property, Trust and Estate Law, Editor in Chief of Books Committee (2006 - present)
      Section of Real Property, Trust and Estate Law, Planning Committee (2006 - present)
      Section of Real Property, Trust and Estate Law, Membership Committee (2000 - 2009)
      Section of Real Property, Trust and Estate Law, Managing Editor of Books Committee (2004 - 2006)
      Section of Real Property, Trust and Estate Law, Acquisitions Editor of Books Committee (1999 - 2004)
      Section of Real Property, Trust and Estate Law, Vice Chair of Affordable Housing Committee (2000)
      Section of Real Property, Trust and Estate Law, Young Lawyers Division Liaison (1998 - 2000)

      American Bar Foundation
      Fellow (2012 - present)

      Connecticut Bar Association
      Affordable Housing Committee (2005 - present)
      Real Estate Law Committee (2000 - present)
      Chair, Young Lawyers Division, Public Service Committee (1994 - 1996)

      CREW CT - The Real Estate Exchange
      Sponsorship Chair
      President (2010 - 2011)
      President-elect (2010 - 2010)
      Blue Ribbon Committee (2006 - 2009)
      Membership Committee (2004 - 2008)
      Chair of Program Committee (2000 - 2006)
      Developer's Showcase Committee (2002 - 2003)

      American College of Mortgage Attorneys
      Program Committee (2015 - present)
      Title Insurance Committee (2017 - present)

      Connecticut Bar Foundation
      Fellow (2015 - present)
    • Honors + Awards

      Honors + Awards

      Elected Fellow of the American Bar Foundation, 2012; limited to just one-third of 1 percent of licensed attorneys in each state, membership is honorary and based on achievements in the legal profession and community; the foundation is recognized as the premier institute for social science research on law in the country, conducting research projects that are broadly disseminated to the bar, scholars, and the public.

      AV® Preeminent™ Peer Review Rated in Martindale-Hubbell™ (Martindale-Hubbell Peer Review Ratings is a trademark. AV Preeminent is a certification mark of Reed Elsevier Properties, Inc.)

    • Community Involvement

      Community Involvement

      Hilltop Covenant Church, Cromwell, Connecticut
      Past Director of Angel Food Ministries (2009 - 2011)

      Special Olympics Connecticut
      Director; Bowling Division (1996 - 1999)
      Volunteer Host Committee (1996 - 2001)
  • NEWS + PRESS
    • Publications

      Publications

      "Fresh Lessons About Wetlands, Permits and Appeals," published in Connecticut Law Tribune, co-authored with Emilee Mooney Scott (9/22/2014)

    • Presentations

      Presentations

      "Paralegal Training, Supervision, and Best Practices Used by Real Property and Trust and Estates Lawyers," webinar, co-organized and edited; co-moderated the session along with George P. Bernhardt of Baker Hughes Incorporated in Houston (5/13/2015)

    • News

      R+C in the News

      • March 23, 2017

        Robinson+Cole Lawyers Attend Women's Summit at Bryant University

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      • March 30, 2016

        Robinson+Cole Lawyers Attend Women's Summit at Bryant University

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      • June 8, 2015

        Candace Cunningham Plans and Moderates eCLE Webinar

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      • May 21, 2015

        RED Lawyers Participate in RPTE Spring Symposia

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      • November 17, 2014

        Hartford Lawyers Co-author Connecticut Law Tribune Article

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      • August 14, 2014

        Robinson+Cole Lawyers Host Networking Event at 2014 ABA Annual Meeting

      • April 23, 2014

        Robinson+Cole Women Attend Summit at Bryant University

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      • November 7, 2013

        Candace Cunningham Represents CRDA in Loan Closing for Ann Uccello Street Housing Development

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      • September 11, 2013

        Candace Cunningham Appointed to Serve on the ABA's Governing Council of the RPTE

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      • May 28, 2013

        Hartford Real Estate Counsel Hosts CREW CT Youth Outreach Program

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      • January 3, 2013

        Real Estate Attorney Elected as a Fellow of the American Bar Foundation

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      • July 15, 2011

        Candace Cunningham Authors Content for American Bar Association Web Site

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      • November 14, 2008

        Robinson & Cole Gains Over 30 Former Thelen Attorneys in Hartford, Connecticut and New York City

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      R+C News Releases

      • October 11, 2017

        Robinson+Cole Employees Lend a Hand to Hartford Soup Kitchen

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      • April 2, 2015

        Candace Cunningham Elected to American College of Mortgage Attorneys

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      • September 5, 2012

        Real Estate Attorneys Selected for Leadership Positions in the Real Property, Trust and Estate Law Section of the American Bar Association

      • May 30, 2012

        Hartford Teen Girls Introduced to Commercial Real Estate Industry

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      • March 10, 2011

        Candace Cunningham New President of CREW CT–The Real Estate Exchange for 2011

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