Multifamily Real Estate Acquisition Project Secures $38M in Financing and Achieves Setback Compliance

A real estate investment firm asked Faegre Drinker for legal counsel in the acquisition and financing of a multifamily real estate project in West Des Moines, Iowa. The representation included securing $38 million in financing and unpacking the permitting history of the project for setback compliance purposes, and also involved a 1031 replacement property.