David F. Belkowitz - Attorney

David F. Belkowitz - Attorney

 

Dave Belkowitz is a commercial real estate attorney, representing both developers and lenders in all facets of real estate transactions. He concentrates on government-assisted financings, low income and historic tax credit financings; securitized loan transactions and tax-exempt bond financings, within and outside of Virginia. He is counsel for two national bridge equity lenders.

Relevant Experience:

  • Represented leading regional and national investment banking firms in initial and follow-on public offerings and private placements for REITs.
  • Served as bond counsel for numerous apartment and nursing home financings utilizing FHA mortgage insurance and GNMA mortgage-backed securities as credit enhancement. Negotiated documentation for borrower converting a surplus elementary school into a 77-unit elderly residential rental housing project. The financing involved (a) negotiating a joint venture agreement with a New York financing concern, (b) syndicating historic and low income tax credits, (c) utilizing FHA co-insurance, (d) collateralizing debt with GNMA mortgage-backed securities purchased by a state housing finance agency, (e) negotiating with a state department of housing about terms of grant funds, and (f) coordinating nomination of the property for listing by the U.S. Department of Interior on the National Register of Historic Places.
  • Drafted documentation for a $39,500,000 loan for a hotel in a downtown mixed-use business center in Richmond.
  • Served as Virginia counsel for out-of-state entities purchasing $100,000,000 and $25,000,000 pools of loans from the Resolution Trust Company (RTC).
  • Obtained real estate tax exemption from the Commonwealth of Virginia's General Assembly for several nonprofit organizations.
  • Represented a borrower that was converting a vacant building into apartments using low income housing tax credits and tax exempt financing from the Virginia Housing Development Authority.
  • Represents clients acquiring properties utilizing tenant-in-common ownership.
  • Represent mezzanine lenders making loans to tenant-in-common sponsors.

Education:

  • Marshall-Wythe School of Law, College of William & Mary, J.D.
  • Syracuse University Maxwell School of Citizenship and Public Affairs, M.P.A.
  • University of Wisconsin-Madison, B.A

Published Works/Speaking Engagements:

  • FHA Coinsurance as an Alternative Financing Method, The Practical Real Estate Lawyer; January 1987, Volume 3, Number 1
  • How to Finance a Charitable Organization's Capital Improvements, The Practical Real Estate Lawyer; July 1988, Volume 4, Number 4
  • Purchasing Real Property Financed by Tax-Exempt Bonds, The Practical Real Estate Lawyer; May 1992
  • National Business Institute - Lecturer
  • ABA's Forum on Affordable Housing and Community Development Law - Lecturer
  • IMN - panelist at several seminars

Pro Bono/Community Service:

  • Past President, Jewish Community Center of Richmond

Recognition:

  • Recipient of the Leroy B. Goldberg Leadership Award from the Jewish Community Center
  • Recipient of the Bernstein Leadership Award from the Jewish Community Center
  • Recipient of the President's Plaque from the Jewish Community Federation
  • Virginia Super Lawyers, 2008, 2009, 2010
  • Virginia Business Magazine "Legal Elite"
  • Best Lawyers in America
  • "AV" rated by Martindale-Hubbell

Membership:

  • American Bar Association
  • Virginia State Bar

Bar Admission:

  • Virginia, 1977