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Julia Schmidt focuses her practice on owner-side real estate transactions, including borrower-side real estate finance, representing property owners/developers that are acquiring, developing and financing all classes of real estate projects, including multifamily buildings, mixed-income or 100% affordable projects, office space, medical office buildings, industrial facilities, data centers and other commercial spaces. Julia also has experience advising clients on taxable and tax-exempt bond financings, senior debt, mezzanine debt, equity investment and low-income housing tax credit syndications.
Julia has evaluated and advised government-sponsored enterprises on various multifamily asset management transactions as well as managed structural and governance matters for corporations, partnerships and limited liability companies. In the midst of the pandemic, she negotiated necessary loan modifications on a commercial property in Washington, D.C. impacted by local restrictions during COVID-19.
Julia also handles workouts and restructurings, closing on complex and high profile, multiparty transactions for her clients. Her extensive relationships with banks, equity sources, property owners, city and state agencies, agency lenders and tax credit purchasers allow her to provide seamless and effective counsel in complicated situations. She has represented myriad owners of mixed-use properties in closing multifaceted debt and equity financing structures, working closely with housing finance agencies and other government authorities to create thousands of additional affordable housing units. She closed one of the biggest HUD affordable housing deals in the United States, and also closed financing for the development of one of the single largest residential buildings in New York City, valued over a billion dollars.
J.D., Georgetown University Law Center
B.A., Williams College
District of Columbia
Massachusetts
New York
Virginia
American Bar Association
Commercial Real Estate Executive Women (CREW) Network
National Housing & Rehabilitation Association (NH&RA)
February 11, 2022
Real estate partner Julia Schmidt joins the Corporate, Finance and Investments practice group in Washington, D.C.
February 10, 2022
King & Spalding Hires Real Estate Partner Julia Schmidt
Represented developer of affordable, mixed-income and market rate projects in the ground leasing of multiple parcels in the Bronx, on which the developer will construct hundreds of affordable and moderate-income residential units, as well as a FRESH grocery store. Phase I will be comprised of 188 all-senior, all-affordable units, including a substantial set aside for formerly homeless individuals, with total development costs in excess of $112 million. The complex financing included tax-exempt bonds, four state and city loans, and LIHTC equity from a major investor.
Represented developer in the financing of a groundbreaking, multi-phase mixed-income project near the Capitol Building in Washington, DC. Phase I will be comprised of 561 residential units, with the entire project anticipated to contain over 1,100 residential units, as well as substantial retail space. Phase I financing included $160 million of debt (tax-exempt bonds and a taxable loan) and equity investment of a major affordable housing investor based on LIHTCs anticipated to be generated with respect to Phase I’s 118 low-income units.
Represented development corporation in closing a $210 million bond financing for the construction of a 40+-story building to contain more than 300 residential units, 60+ of which will be reserved for low- and moderate-income households, as well as nearly 30,000 rentable square feet of retail space. The project has anticipated total development costs of approximately $300 million and was established with a multi-unit condominium structure to facilitate the project obtaining expected LIHTCs.
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July 26, 2024
Julia E. Schmidt Elected Fellow of American College of Mortgage Attorneys
February 11, 2022
Real estate partner Julia Schmidt joins the Corporate, Finance and Investments practice group in Washington, D.C.
February 10, 2022
King & Spalding Hires Real Estate Partner Julia Schmidt
Represented developer of affordable, mixed-income and market rate projects in the ground leasing of multiple parcels in the Bronx, on which the developer will construct hundreds of affordable and moderate-income residential units, as well as a FRESH grocery store. Phase I will be comprised of 188 all-senior, all-affordable units, including a substantial set aside for formerly homeless individuals, with total development costs in excess of $112 million. The complex financing included tax-exempt bonds, four state and city loans, and LIHTC equity from a major investor.
Represented developer in the financing of a groundbreaking, multi-phase mixed-income project near the Capitol Building in Washington, DC. Phase I will be comprised of 561 residential units, with the entire project anticipated to contain over 1,100 residential units, as well as substantial retail space. Phase I financing included $160 million of debt (tax-exempt bonds and a taxable loan) and equity investment of a major affordable housing investor based on LIHTCs anticipated to be generated with respect to Phase I’s 118 low-income units.
Represented development corporation in closing a $210 million bond financing for the construction of a 40+-story building to contain more than 300 residential units, 60+ of which will be reserved for low- and moderate-income households, as well as nearly 30,000 rentable square feet of retail space. The project has anticipated total development costs of approximately $300 million and was established with a multi-unit condominium structure to facilitate the project obtaining expected LIHTCs.
See more
July 26, 2024
Julia E. Schmidt Elected Fellow of American College of Mortgage Attorneys
February 11, 2022
Real estate partner Julia Schmidt joins the Corporate, Finance and Investments practice group in Washington, D.C.
February 10, 2022
King & Spalding Hires Real Estate Partner Julia Schmidt
J.D., Georgetown University Law Center
B.A., Williams College
District of Columbia
Massachusetts
New York
Virginia
American Bar Association
Commercial Real Estate Executive Women (CREW) Network
National Housing & Rehabilitation Association (NH&RA)