Dan Ojserkis navigates clients in the real estate and gaming industries through regulatory frameworks that are often just as complex as the business and legal issues involved. While Dan’s transactional real estate practice is broad, he has two main areas of concentration.
Dan represents both lenders to and borrowers in the gaming industry on financial transactions, handling the creation and modification of private and public credit facilities for casino gaming operators. He also handles a wide variety of other commercial transactions for casino operators, ranging from negotiation of service and supply contracts, and purchases and sales of individual parcels, to negotiation of regulatorily-sensitive trust arrangements, management agreements and community benefit agreements and acquisitions and sales of entire gaming facilities.
Dan also represents for-profit and nonprofit developers and owners in acquiring, rehabilitating, financing and/or selling affordable housing projects for low-income, senior, disabled and homeless residents. Dan’s affordable housing transactions typically involve multiple funding sources and one or more federal or state assistance programs for the rehabilitation and preservation of affordable housing, including low-income housing tax credits (LIHTCs); Fannie Mae or Freddie Mac loans; loans insured by the Federal Housing Administration; federal- or state-funded soft debt and grants; HUD Section 8 and other rent subsidy or interest subsidy programs; and property tax exemptions under state law. Such assistance programs also involve some form of local, state or federal oversight. Dan also counsels project owners, investors, lenders and property managers on regulatory compliance issues, management agreement negotiations and other operating issues.