Wells Fargo Municipal Capital Strategies and Wells Fargo Bank purchase bonds for construction of two multifamily, mixed-use buildings at 435 East 13th Street in Manhattan
Clients Wells Fargo Bank, National Association
Jones Day represented Wells Fargo Municipal Capital Strategies LLC and Wells Fargo Bank, National Association in connection with the purchase of a portion of bonds issued by the New York State Housing Finance Agency the proceeds of which were loaned to finance the construction of two multifamily, mixed-use buildings at 435 East 13th Street in Manhattan. The buildings will contain approximately 132,634 gross square feet (and approximately 92,330 net rentable square feet) comprised of: 114 apartments (consisting of 91 market rate residential apartments and 23 affordable residential apartments), approximately 8,655 square feet of ground floor retail space, and approximately 8,059 square feet of cellar retail space. Wells Fargo also acted as servicer for HFA and bondholder representative on behalf of other bondholders that purchased bonds.