Providing safe, affordable housing for families, seniors and developmentally disabled persons has long been a part of the work of the Ellinger Carr law firm, in communities in the Carolinas, the Southeast and elsewhere in the United States.  Susan Ellinger, the firm’s founding member, announced that the firm’s lawyers have just concluded a closing in Canadian, Texas for the development and new construction of 64 affordable apartment units called the Oasis Cove Apartments.  The firm served as lender’s counsel for the closing of a debt and equity financing of $14 million.

Over the past year, Ellinger Carr has counseled and assisted with more than 20 transactions and closings for the investment of more than $150 million in financings of multifamily affordable housing apartment complexes and commercial real estate developments in communities in North and South Carolina, and in Arizona, California, Florida, Georgia, Louisiana, Michigan, Tennessee, Texas and Virginia.

Susan Ellinger noted that the pace of the firm’s affordable and historic rehabilitation closings continues in the fourth quarter of 2012, including complex, multi-million dollar transactions expected to close in Atlanta, Richmond, Charlotte, and in smaller communities like Clarksville, Tennessee and DeBary, Florida.

Ellinger Carr is a business law and commercial real estate law firm based in Raleigh, North Carolina.   Ellinger Carr lawyers are experienced and knowledgeable counselors, transaction specialists and business problem solvers, admitted to practice in North Carolina, South Carolina, Florida, Louisiana and New York.  For assistance in commercial real estate and corporate and business development matters, call 919-785-9998 or email Susan Ellinger or Steven Carr.