LIHTC Advisory and GP Securitizations – AHFCABS
In 2019, Westwood Capital created the affordable housing industry’s first GP Interest Securitized Debt facility: Affordable Housing Future Flow Contributive Asset Backed Securities or AHFCABS. Westwood remains the market’s dominant advisor and placement agent having originated over $3.25 billion of investment-grade AHFCABS bonds.
Westwood’s affordable housing clients have utilized securitization proceeds to provide liquidity, growth and acquisition capital as well as for GP/LP buy-out financings. Additionally, Westwood’s LIHTC Advisory practice include: M&A Advisory, Portfolio Valuations, Ratings Agency advisory and Quarterly Reporting Services.
Services to the Affordable Housing Industry
Westwood Capital supports the affordable housing industry through specialized LIHTC advisory and GP interest securitization services. We advise developers, syndicators, sponsors, and investors on capital formation, liquidity solutions, GP/LP buyout financings, portfolio valuations, M&A transactions, ratings agency processes, and ongoing portfolio reporting. Our experience helps clients evaluate strategic opportunities, optimize portfolio performance, and access capital to support growth, acquisitions, and long-term asset management objectives.
Strategic Capital & Platform Transactions
Westwood Capital advises on strategic capital transactions for developers, operating platforms, and real estate businesses, with a particular focus on the LIHTC and affordable housing sector. These transactions often involve private equity investors acquiring minority interests in development platforms, providing growth capital while allowing existing owners to retain meaningful participation.
We work closely with clients to position their businesses for investment, structure partnerships, and negotiate terms that align long-term objectives across stakeholders. Our involvement includes evaluating capital needs, identifying and engaging potential investors, and guiding transactions through execution.
These engagements frequently intersect with complex capital structures, where our experience in structured finance, including GP securitizations and related strategies, enhances outcomes for both developers and investors.
Securitization and Corporate Finance
Giving clients access to custom-structured securitized debt issuance is a hallmark of Westwood Capital’s product focus. Through privately placed securitizations of hard and financial assets, future-flow securitizations, offerings by first time issuers as well as securitizations of new asset types, Westwood introduces issuers and assets to the capital markets in a way that maximizes the interest of the market and value for the client. Westwood’s principals have been an integral factor in the creation and execution of a number of signature transactions including the first commercial mortgage-backed securities offerings, the first issuance of investment-grade rated asset-backed securities as part of the reorganization of a bankrupt estate, the first investment-grade rated debt issue backed by gaming device revenues, the first major music royalty transaction, and the introduction of securities backed by Small Business Administration loans. As individuals “present at the creation” of the asset-backed securitization industry, Westwood’s senior professionals bring an unparalleled creativity and perspective to the debt capital markets.
Restructuring Advisory Services and Litigation Support
In an age of high leverage and acute business cycles, it is critical for businesses and creditors to have access to highly specialized advisory services during periods of financial difficulty. With extensive experience in structured transactions and the finance, insurance and real estate (FIRE) sector of the business economy, Westwood offers strategic financial advisory assistance that sets the firm apart from others in the restructuring industry. Westwood has represented debtors and creditors in restructurings ranging from $100 million out-of-court work-outs to $5 billion bankruptcy proceedings. The firm is recognized for adding considerable value to situations involving complicated structures and companies with heavy dependence on repeated issuance of securitized debt. Westwood’s principals have been admitted as expert witnesses in U.S. Bankruptcy Courts and have advised counsel on litigation theories in cases involving complex financial issues. Westwood is one of the few advisory firms in the structured finance field that can, without conflict or reservation, participate in adversary proceedings against most major lenders, underwriters and service providers, if necessary.