MMA Financial’s Structured Finance Group (SFG) provides both investment and capital solutions for the industry’s most complex transactions. This specialty group is not limited to multifamily and is adept at finding and structuring a wide-range of unique investment opportunities as well as the capital to fund those opportunities. These transactions typically involve assigning varying risk components to different groups of investors, commensurate to their specific risk/return requirements.

The SFG team is a small cross-disciplined group comprised of seasoned bankers, capital and risk officers and operating staff.

SFG is currently involved in the following lines of business:

Community Development District (CDD)/Special Assessment Bonds (SA)
Mortgage Backed Securitization
Secondary Market Tax-Exempt Bond & Taxable LIHTC Loan Acquisitions
Public-Private Ventures
Financial Advisory Services
Joint Ventures
Structured Equity and Mezzanine Financing

Community Development District (CDD)/Special Assessment Bonds (SA)
MMA Financial is an experienced buyer of CDD/ SA and multifamily bonds. SFG has been a CDD bond purchaser since 2001 and has extensive experience in this product type dating back to the 1980’s. SFG has the ability to underwrite and structure complicated credit/project characteristics, also leveraging an ability to move quickly and execute. SFG has been involved in an innovative new product of “draw down” bonds.

Structuring securitization traunches provides capital partners with investment alternatives, providing tax-exempt, non-AMT interest income to investors with varying risk tolerances. The securitization is structured to fit investor needs through traunche sizing and credit enhancement. Previous investors for securitizations have included bond funds and high net worth investors.

Secondary Market Tax-Exempt Bond & Taxable LIHTC Loan Acquisitions
SFG is actively involved in secondary market opportunistic bond purchases and activities including purchases of distressed and performing housing bonds, loans, and portfolios. SFG also performs an advisory role to portfolio managers by helping funds leverage their current investments and enhance liquidity.

Public-Private Ventures
A significant trend has emerged for governments to privatize real property or co-venture with private sector for the long-term management of real estate. SFG continues to pursue financing these real estate privatization projects. SFG also provides advisory, fee-based services to investment banks, underwriters and other market participants.

Financial Advisory Services
SFG is involved in a breadth of advisory services for real estate services and ownership companies including: mortgage finance, investment management, management/services companies and ownership companies. Advisory services involve M&A (Buy Side and Sell Side) and Capital Advisory (Corporate level and Real Estate Asset level)

Our involvement is both strategic and transactional and is based on in-depth knowledge of the industry segment.

• Develop strategic transactional objectives
• Canvass the market for potential buyers/sellers
• Manage the auction/bid process
• Negotiate on client’s behalf
• Assist in due diligence
• Review documents
• Assist in the closing

Joint Ventures
SFG pursues opportunities to joint venture with partners looking for growth capital, or for liquidity through a sale or a buy-out of a partner. For example:

• Owner of property management company looking to sell
• Owner of property portfolio seeking a recapitalization or sale
• Owner or developer client seeking equity to grow into new markets or product types
• Owner of a company or a portfolio that wants to grow through portfolio or corporate acquisition