Theresa Omansky

Theresa A. Omansky

Associate

Theresa A. Omansky

Associate

  • Overview

    Biography

    Theresa Omansky focuses her practice on real estate finance, with an emphasis on affordable housing matters. She is a member of the firm’s Real Estate + Development Group.

    Real Estate Finance

    Prior to joining Robinson+Cole, Ms. Omansky was an associate at a boutique real estate finance firm, where she acted as lender’s counsel in commercial real estate transactions. Ms. Omansky continues to work on construction and permanent loan financings as lender’s counsel on nationwide multifamily residential projects.

    Affordable Housing Financing

    Ms. Omansky represents institutional lenders in affordable housing financing transactions utilizing tax-exempt and taxable bond financing and tax credit programs. She has experience with government-subsidized mortgage lending programs, loan syndications and participations, and works on construction, permanent, and  “back-to-back”  construction to permanent loans, as well as Fannie Mae and Freddie Mac supplemental and permanent loan refinancing. Ms. Omansky’s transactions often involve the Rental Assistance Demonstration (RAD) and Section 8 Housing Assistance Payments programs, and feature commercial space, ground leases, and condominium structures.

    Ms. Omansky is a licensed real estate broker. She is part of the firm’s Sustainability Cross Practice Team, which includes lawyers who counsel clients on addressing sustainable practices, such as financing green initiatives.
     

  • Experience
    • Experience

      Experience

      • Represented a large national bank in its purchase of $66.8 million tax-exempt bond financing and a taxable construction loan in the amount of $21.7 million. This project involved Low-Income Housing Tax Credits (LIHTC), New Jersey Economic Redevelopment and Growth (“ERG”) program Tax Credits, New Market Tax Credits, and Historic Tax Credits, and incorporated a ground lease structure into the financing.

      • Handled tax exempt “back-to-back”  construction to permanent loan in the amount of $4.6 million with LIHTC in Wisconsin on behalf of client, a large national bank.

      • Represented a large national bank in its role as lender on a tax-exempt bond financed “back-to-back”  construction to permanent loan in the amount of $18.4 million, involving Section 8 housing assistance payments and a subordinate sponsor loan in the amount of $14.4 million in California.

      • Represented a large national bank in its role as primary lender on a government-subsidized mortgage construction to permanent loan in the amount of $9.9 million and subordinate loan in the amount of $1.4 million involving a ground lease, bridge loan and Rental Assistance Demonstration (RAD) New Construction Agreement in Illinois.

      • Handled loans ranging from $1 million to $52 million, across such states as Alaska, California, Colorado, Florida and Texas, on behalf of client, a large national bank, in its role as lender on various permanent loans under the Fannie Mae Delegated Underwriting and Servicing (DUS) Multifamily Affordable Housing Preservation Permanent Loan Program.

      • Represented a large national bank in its role as lender on various permanent loans under the Freddie Mac Capital Markets Execution (CME) program, for loans ranging from $1 million to $25 million, in several states, including California, Colorado, Florida, Montana, Nevada, Texas and Washington.

      • Represented a national bank in its role as lender on a multifamily rental development with rent restrictions involving a Freddie Mac forward commitment for permanent financing in Hawaii.

      • Represented an institutional lender in a construction loan in the aggregate amount of $40.8 million, together with a New York State Affordable Housing Corporation Grant and New York City Department of Housing Preservation and Development Grant for the fourth phase of an affordable housing development in New York.

      • Represented a national bank in its role as construction lender in the conversion of a construction to permanent loan for a New York affordable housing development.

      • Represented an institutional lender in the conversion of a construction to permanent loan through New York City Retirement Systems for an affordable housing development in New York.

      • Represented a national bank in its purchase of an eleven-loan portfolio. 

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    • Professional Associations

      Professional Associations

      American Bar Association
      Young Lawyers Division
      Forum on Affordable Housing and Community Development Law
      Young Lawyers Division Liaison to the ABA Forum on Affordable Housing and Community Development Law

      New York State Bar Association
    • Honors + Awards

      Honors + Awards

      Brooklyn Law School Public Service Award (2012)

      Brooklyn Law Students for the Public Interest (BLSPI) Fellow (2011)

  • NEWS + PRESS
    • News

      R+C in the News

      • June 5, 2015

        Robinson+Cole Is a Sponsor of NYSAFAH Conference

        • » more info

      R+C News Releases

      • February 1, 2016

        Robinson+Cole Forms Sustainability Cross-Practice Team

        • » more info
        • View article
      • October 16, 2014

        Robinson+Cole Welcomes New Lawyers

        • » more info
        • View article