Christine Owens Morgan
Christine Owens Morgan is a Senior Partner who practices in Commercial Real Estate & Financing, Business Law, and Affordable Housing & Economic Development. She has general experience in all aspects of real estate, including sales and acquisitions, joint ventures, leases, easements, and local counsel opinions. Ms. Morgan has represented developers of affordable housing for rental units, condominium units for first-time homeowners, and mixed-used developments. For these projects, she has represented the developers in the acquisition of the development sites and the financing of the projects from conventional sources, governmental grants and loans, and tax credits. These transactions typically involve several funding sources, including conventional construction and permanent loans, governmental grants and loans, community loan funds, state and federal low-income housing tax credits, state and federal historic tax credits, tax-exempt and taxable bonds, HUD-insured loans, and Section 8 and RAD subsidies.
Prior to joining Berchem Moses P.C., Ms. Morgan spent more than 25 years at the firm of Wiggin and Dana where she helped lead many highly visible developments and commercial real estate transactions, including:
• Representation of a local non-profit developer in connection with the construction and development project of 46-unit affordable housing condominium for families with low to moderate income.
• Representation of a national bank in connection with a master refinancing of a $98 million loan facility to 10 co-borrowers, which included the securitization of 77 properties in 12 states. The representation included: (i) the preparation and negotiation of loan documents, including a participation agreement, (ii) the preparation of swap documentation, (iii) the review of title encumbrances, surveys and title insurance policies, and (iv) the negotiation of local counsel opinion letters.
• Representation of a national bank in connection with a $56 million acquisition loan facility to 4 co-borrowers, which included the securitization of 21 properties (both fee and leasehold interests) in 4 states. The representation included: (i) the preparation and negotiation of loan documents, including a participation agreement, (ii) the preparation and negotiation of an inter-creditor agreement with a national franchisor, (iii) the preparation and negotiation of a corporate guaranty from the parent of the franchisor, (iv) the review of title encumbrances, surveys and title insurance policies, (v) the negotiation of local counsel opinion letters, and (vi) the preparation and negotiation of non-disturbance agreements from the ground lessors.
• Representation of a national non-profit developer in connection with a four-phased redevelopment of Southfield Village in Stamford, which included 315 rental units and a 15-unit affordable housing condominium, funded by HOPE VI grants, the State of Connecticut Department of Housing, the Connecticut Housing Finance Authority, and low-income housing tax credits.
• Representation of a national non-profit developer in connection with a restructuring of the mortgage debt through the mark-to-market program of the United States Department of Housing and Urban Development. The transaction involved Enterprise Mortgage Investments, Inc., Prudential Huntoon Paige Associates, Ltd., Fannie Mae and the execution of a new Section 8 Housing Assistance Payments Contracts.
• Representation of several housing authorities, as sponsors, and special purpose entities in connection with multi-phased affordable housing developments in Ridgefield, New Canaan, Somers, and Stafford.
Ms. Morgan has represented both lenders and borrowers in hundreds of transactions involving the financing of real estate and/or commercial transactions. Ms. Morgan served pro bono as a legal advisor to the Charter Revision Commission of the City of New Haven.
• Property Assessed Clean Energy Financing Available to Connecticut Commercial Property Owners, 2013
• Connecticut Legislation Authorizes State Public-Private Partnership Agreements, 2013
• New Opportunities in Affordable Housing Development: A FAQ on the Housing and Economic Recovery Act of 2008 and the Low-Income Housing Tax Credit Program (LIHTC), 2008
- Commercial Real Estate & Financing
- Business Law
- Affordable Housing & Economic Development
- University of Connecticut School of Law, Hartford, Connecticut
- J.D. - 1990
- Connecticut College
- B.A. - 1987
- Major: Government
- Legal Advisor to the Charter Revision Commission of the City of New Haven
- Synthetic Leases: A "New" Solution to An Old Problem, Connecticut Lawyer, 2000
- Real Estate Development, The Connecticut Law Tribune Magazine, 1998
- American Bar Association
- Connecticut Bar Association
- James Cooper Fellow
- New Haven County Bar Association
- Connecticut, 1990