Debt Market Spotlight
Nicolo Pinoli
Partner
Novogradac & Company LLP
Nicolo Pinoli is a partner in the Portland, Ore., office of Novogradac & Company LLP, where he specializes in affordable housing and community development, including the low-income housing tax credit (LIHTC), new markets tax credit (NMTC), historic rehabilitation tax credit (HTC) and tax-exempt bond financed transactions. Mr. Pinoli has extensive experience in financial statement audits, tax return preparation, transaction underwriting and consulting on transaction structuring and LIHTC and NMTC compliance. He has published many articles on various technical issues confronting the affordable housing and community development industries. Mr. Pinoli received a bachelor’s degree in accounting and a master’s degree in professional accounting from Brigham Young University and is licensed in California, Oregon and Washington as a certified public accountant.
Dakar Gibbs
Senior Vice President
Bank of America Merrill Lynch
Dakar Gibbs is a senior vice president in community development for Bank of America Merrill Lynch. He primarily is responsible for leading the delivery of the full resources of the bank to real estate developers and housing authorities in Colorado, Minnesota, New Mexico and Texas. Mr. Gibbs has been in community development for 13 years and with Bank of America for more than 19 years. His career spans more than 21 years, during which he has financed nearly $3 billion for a variety of property types (affordable housing, luxury apartments, office, retail and industrial). Active in the real estate community, Mr. Gibbs is a member of Housing Colorado, Colorado NAHRO, the Texas Association of Affordable Housing Providers (TAAHP) and Texas NAHRO. Mr. Gibbs is on the Prairie View A&M advisory board and is also a member of Bank of America’s leadership team in Colorado, Minnesota, New Mexico and Texas. Mr. Gibbs earned a bachelor’s degree in economics from Prairie View A&M University.
Kenji Tamaoki
Director
Prudential Mortgage Capital Company
Kenji Tamaoki is a principal with Prudential Mortgage Capital Company. In this role he is responsible for direct loan originations and specialized product support in the Western United States. Mr. Tamaoki specializes in Prudential’s affordable housing loan programs. He is located in San Francisco. Before joining Prudential, Mr. Tamaoki was a vice president at the Bank of America Community Development Bank, where he created and managed a construction-rolling-to-permanent private-placement tax-exempt bond program. Before that, he developed affordable and market-rate multifamily apartment properties in Los Angeles, California and Vancouver, British Columbia. He has also worked as an architect on multifamily apartment, retail and single-family home developments. Mr. Tamaoki received a bachelor’s degree in architecture from the University of Toronto and an master’s degree from the University of British Columbia.
Thomas K. Vandiver
Partner
Dentons
Thomas Vandiver practices in various area of finance including public and municipal finance, banking, affordable housing, real estate law and corporate finance transactions. Mr. Vandiver is the head of Dentons' legacy U.S. public finance practice and has more than 34 years of experience structuring and implementing tax-exempt bond and other finance transactions. He has also structured project financings involving energy tax credits, including photovoltaic/solar energy projects in which municipalities and school districts were the energy off-takers. In the public finance area, Mr. Vandiver has served as bond counsel, underwriter's counsel, counsel to financial institutions as private placement investors and lenders, issuer's and borrower's counsel and counsel to credit enhancers and trustees in hundreds of financing transactions involving billions of dollars of tax-exempt and taxable bonds, notes and other obligations, as well as other conventional financings. Mr. Vandiver also regularly counsels clients in connection with complex derivative transactions. These matters have provided financings for several hundred affordable housing developments throughout the country, for state and local governments, health care systems, senior living and retirement facilities, colleges, universities and private secondary schools, cultural institutions, manufacturing facilities, sports facilities, hotels and many other facilities, including for tribal borrowers. Mr. Vandiver is one of the leading lawyers in California for affordable housing transactions. In this area, he represents many of the major banks and financial institutions that provide financing and tax credit equity financing for these projects, having led his team through more than a hundred such projects in just the past three years. In addition, Mr. Vandiver regularly represents tax credit investors in low-income housing tax credit (LIHTC) transactions and new markets tax credit (NMTC) transactions. He has worked extensively on restructuring troubled financings, including restructuring of tax-exempt bonds. This experience has included a successful major restructuring of the financing and derivative contracts for a medical school and a university covering allied health services and nursing in South Central Los Angeles. Mr. Vandiver also led a team that had responsibility for the $2 billion in bonds at airports around the U.S. for United Airlines when Dentons represented the creditor's committee in that bankruptcy.
Matthew Zarlengo
Vice President, Debt and Equity Investments
The Community Development Trust
Mr. Zarlengo is vice president of debt and equity investments. He is responsible for sourcing both debt and equity investments in affordable housing projects throughout the western United States and is based in Denver, Colorado.
Prior to joining The Community Development Trust (CDT), Mr. Zarlengo was vice president of commercial real estate, community lending division at U.S. Bank, where he originated construction and permanent debt financing for affordable housing clients in Colorado, New Mexico, and Utah. Prior to that, Mr. Zarlengo worked as a senior financial analyst for Mercy Housing Inc., a national leader in the development and preservation of affordable housing. Mr. Zarlengo holds a bachelor’s degree in finance from Colorado State University and a master’s degree in real estate finance and construction management from the Burns School of Real Estate and Construction Management at the University of Denver.