Crystal Kay focuses her practice on real estate finance, with an emphasis on affordable housing finance. She is a member of the firm’s Real Estate + Development Group.
Real Estate Finance
Ms. Kay has extensive experience representing institutional lenders in commercial real estate transactions. She has acted as lender’s counsel in complex structured financings and has managed and overseen the closing of hundreds of loan transactions involving acquisitions and refinancing of multifamily properties and revolving credit facilities. She routinely negotiates key real estate related documents such as commitment letters, notes, security agreements, guaranties and opinion letters.
Affordable Housing Finance
Ms. Kay’s practice focuses on various affordable housing finance structures on a nationwide basis, including construction and permanent financing transactions, tax-exempt bond transactions, tax credit transactions, Fannie Mae and Freddie Mac loan and credit enhancement transactions, forward loan commitments, Affordable Housing Program (AHP) loan transactions, and other government-subsidized programs. Her transactions often involve Section 8 Housing Assistance Payments programs and feature commercial space and ground lease structures.
Real Estate Leasing
As part of her real estate finance practice, Ms. Kay advises clients in commercial leasing matters and negotiates tenant estoppels and subordination agreements.
Prior to joining Robinson+Cole, Ms. Kay was associated with a New York based firm, where she represented regional and national lenders in commercial loan transactions, borrowers in residential real estate purchases, and lender’s counsel for loan servicing matters. She also has worked as a mediator in small claims court. Ms. Kay is a native New Yorker and is an active member of the Park Slope Food Coop, a food cooperative in Brooklyn which aims to make groceries more affordable.