Lisa C. Riccio

Counsel

  • Overview

    Biography

    Lisa Catarino Riccio, a member of the firm’s Real Estate + Development Group, handles financial matters related to affordable housing, and commercial real estate transactions.

    Affordable Housing – Finance and Community Development

    Lisa frequently represents large national banks in loan transactions for public-private affordable housing initiatives. These loans involve state agencies, developers, equity funds, and syndicators. She provides counsel to lenders in connection with multi-family finance transactions, including construction, bridge, permanent, taxable, and tax-exempt loans.

    These transactions routinely involve Low-Income Housing Tax Credits, Historic Tax Credits, state and local tax exemptions, HAP subsidies, HOME loans, and other layers of financing. Lisa has served as bank counsel for multi-million dollar and large-scale affordable housing projects.

    Commercial Real Estate – Lending and Development

    Lisa conducts due diligence, performs title analysis, and conducts legal opinion review and analysis for commercial real estate loan transactions. She drafts and negotiates hotel, entertainment, retail, and other real estate-related documents, and also handles mortgage loan originations, acquisitions and dispositions, leasing, and servicing matters. Lisa devotes much of her practice to “Back to Back” loan transactions, an alternative loan structure with significant advantages for banks seeking Community Reinvestment Act credit. 

    Prior to joining Robinson+Cole, Lisaworked for Dechert LLP and Cigna Corporation, where she represented regional and national investors, lenders, and borrowers in commercial transactions. While at Cigna, she acted as counsel to the Real Estate Investment Law Department. She represented Cigna in loan origination, sale transactions, asset management, and leasing matters, and served as primary counsel for loan servicing matters.
     

  • Experience
    • Experience

      Experience

      • Represented national bank in connection with over $500 million of “Back to Back” construction-to-permanent multi-family loans. Representative transactions include:

      • Represented bank in closing of a $19 million “Back to Back” tax-exempt construction-to-permanent loan for the Providence New City and Evergreen Apartments, Providence, Rhode Island, consisting of 165 units across 54 buildings, benefited by a project-based HAP contract. The capital structure for the transaction included Low-Income Housing Tax Credit (LIHTC) equity.

      • Represented national bank in the closing of an $18 million taxable bridge loan with a forward commitment for a $22 million “Back to Back” construction-to-permanent loan for the Canoas Terrace Apartments, a 112-unit multi-family housing development in San Jose, California. 

      • Represented national bank in connection with $8 million and $17 million “Back to Back” construction-to-permanent financings of historic rehabilitation projects which involved the development of a 134-unit multi-family housing property known as “Oneida Mill Lofts” and a 139-unit multi-family housing property known as “Big Chair Lofts.” The capital structure for both transactions included LIHTC equity, Historic Tax Credits and North Carolina Mill Tax Credits.   

    • Professional Associations

      Professional Associations

      American Bar Association
      Acquisitions Editor, Real Property Trusts and Estates Book Publications
      Member, Forum on Affordable Housing and Community Development Law

      Connecticut Bar Association
  • NEWS + PRESS
    • News

      R+C in the News

      • March 19, 2018

        Robinson+Cole Lawyers Support Annual Bryant University Women’s Summit®

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      • June 5, 2015

        Robinson+Cole Is a Sponsor of NYSAFAH Conference

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