Centerline Holding Co (fka CLNH)

[RonnieD]

Latest News Feed: http://www.centerline.com/about/index.html

[el_guapo]

From the Novogradac Journal of tax Credits

DEALMAKERS

Centerline Capital Group closed a $48.6 million transaction to acquire nine multifamily properties. The loan proceeds include $35.8 million in Fannie Mae loans for the acquisition of five properties in Tampa, Fla. and two in Orlando. The transaction also included $12.8 million in bridge financing for two multifamily facilities in Pasadena, Texas. Johnson Capital provided the equity for the transaction.

http://www.novoco.com/journal/2012/01/briefs_lihtc_201201.php

[RonnieD]

CLNH 10-year chart
(formerly called Charter Mae)

http://finance.yahoo.com/echarts?s=CLNH.OB+Interactive#chart1:symbol=clnh.ob;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

[RonnieD]

PROFILE: Centerline Capital Group

By Keat Foong, Executive Editor
New York—Since its capital restructuring came to an end in March 2010, Centerline Capital Group has been laying the groundwork for future expansion. Accordingly, 2012 will be a year of growth for the debt and equity financier.
“In 2012, we will take that platform that we have put in place, support it with investments in people and technology, and allow the business to grow over the next year,” remarks Robert Levy, president, Centerline COO and CFO.
Centerline is projecting a dramatic doubling of business volume in 2012 in some of its four lines of businesses—conventional multifamily lending, affordable lending, affordable equity (Low Income Housing Tax Credit (LIHTC) syndication) and asset management. (Centerline’s asset management portfolio, which places it consistently among the top five owners in the NHMC Top 50 rankings, consists of about 147,000 units of affordable housing financed by Centerline-raised funds.)
Centerline’s affordable equity syndication business is expected to double to $300 million next year in transactional volume, says Levy. And the affordable debt business is projected to also increase by two times in volume, from its $175 million level in 2011.
Meanwhile, Centerline’s conventional debt business line, which composes Fannie Mae, Freddie Mac and FHA financing, as well as some CMBS, bridge and mezzanine lending, had already tripled in transactional volume to $1.3 billion in 2011. Centerline expects this division to increase its business by about 20 percent to about $1.6 billion in 2012.
Much of Centerline’s growth is made possible by high-level hires in 2011. The diverse finance company hired a team from Grandbridge Real Estate Capital LLC to power its affordable debt financing department. This year, it has also brought on an executive from RBC Capital Markets to head and further expand its affordable equity business. And new leadership was also appointed to lead the asset management business. Levy says these new appointments bring in new energy, but must also complement the longstanding leadership in the company, in conventional debt financing and other areas.
“When we bring in new leadership, we are very focused on developing a certain culture at the company and hiring people who embrace that culture,” says Levy. This culture at Centerline can be boiled down to: transparency, communication and integration (cross selling of products), he says.
Certainly, based on its history alone, Centerline may appear to benefit from a large web of old, established, relationships. Its predecessor companies include Related Capital, in the affordable equity side. And in the early- to mid-2000s, Centerline had added agency—Fannie, Freddie, FHA—capabilities with its acquisition of PW Funding, and subsequently, Capri Capital.
Today, the New York-headquartered company has 240 employees and 10 offices throughout the country. Sixteen percent of the company’s stock is publicly held, and 39 percent closely held by a company controlled by  investor Andrew Farkas. The company had an initial public offering in the late-90s that consisted of the roll ups of existing public partnerships.
Describing Centerline as a diverse finance company, Levy notes that the various business lines create synergies. For example, owners on the affordable side who also participate in conventional multifamily housing could be cross sold products from the company’s other business departments. Ultimately, the debt and equity financing company will compete on great products, great service and an entrepreneurial and creative approach, says Levy.

http://www.multihousingnews.com/features/profile-centerline-capital-group/1004046670.html

[RonnieD]

this is a great buy here for 4 Billion exposure
to housing market, positive shareholder equity.
i expect it to be .20 in the short term.

see this article
http://www.multihousingnews.com/features/profile-centerline-capital-group/1004046670.html

[RonnieD]

i like this here.

[el_guapo]

Nice article on CLNH out today

http://www.multihousingnews.com/features/profile-centerline-capital-group/1004046670.html

[~ Blue ~]

new SEC filing out C3 now holding 40% total shares of CLNH

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8226441

[~ Blue ~]

Great news bud..

[el_guapo]

Centerline Holding Company : Centerline Capital Group Provides $328 MM Structure to Finance an Eight Property Multifamily Portfolio in Suburban Washington, DC

http://www.4-traders.com/CENTERLINE-HOLDING-COMPAN-4936604/news/CENTERLINE-HOLDING-COMPANY-Centerline-Capital-Group-Provides-$328-MM-Structure-to-Finance-an-Eight-13873804/

[~ Blue ~]

CLNH 7.31% up >>>>>>>>>>>>>>>>

[~ Blue ~]

CLNH will rock expecting dollars level here

[Captain Black Bob Blanco]

In addition, we are party to the following actions:

· On or about March 6, 2009, Regions Bank, as Trustee under a Trust Indenture dated April 1, 2005 respecting the Walton Trail Apartments, commenced an action, entitled Regions Bank v. Deickman, et al., Civil Action No. 2009-CV-165607-MJW, in the Superior Court of Fulton County, Georgia, against guarantors of the bond indebtedness of Walton Trails, Stephen R. Dieckman, Arthur Dickson Cannon, Jr. and Arthur Dickson Cannon, III (the “Defendants”) seeking to collect money owed under a certain Guaranty and Suretyship Agreement dated as of May 1, 2005. On or about May 28, 2009, the Defendants filed a Third-Party Complaint in that action against CCG and Caswyck Trail, LLC (“Caswyck”). Defendants thereafter amended their Third-Party Complaint. Caswyck is a Georgia limited liability company, which owns the Walton Trail affordable housing apartment complex in Georgia and in which indirect subsidiaries of CCG and an investment fund sponsored by CCG are members. The Amended Third-Party Complaint alleges that CCG misled and defrauded the Defendants and acted in bad faith in connection with certain unsuccessful and unconsummated negotiations to restructure the finances of Caswyck. The Amended Third-Party Complaint asserts a claim for common law fraud against CCG and claims for subrogation, indemnification, unjust enrichment and declaratory judgment against Caswyck for any liability that Defendants may have to the Trustee. The Defendants seek unspecified amounts of damages, attorneys’ fees and costs. On or about August 10, 2009, CCG and Caswyck each separately moved to dismiss the claims then asserted against it. In accordance with Georgia procedures, each also answered the Third-Party Complaint on or about August 10, 2009 and asserted counterclaims against the Third-Party Plaintiffs. In two written orders each dated December 14, 2009, the Court granted CCG’s and Caswyck’s motions to dismiss and dismissed the subrogation and contribution claims against Caswyck and the fraud claim against Centerline. After Caswyck moved to dismiss the subrogation and contribution claims, but prior to the Court ruling on that motion, the third-party plaintiffs amended their Third-Party Complaint to assert their claims for indemnification and unjust enrichment against Caswyck. After the entry of the Court’s December 14, 2009 dismissal orders, the third-party plaintiffs moved for reconsideration of the Court’s decision to dismiss the fraud claim against CCG and for permission to take an immediate appeal of that decision. The Court has not yet ruled on those two motions by the third-party plaintiffs. On or about July 9, 2010, the Court entered a Case Scheduling Order requiring, among other pretrial deadlines and procedures, that all discovery be completed by August 15, 2011, dispositive motions must be made by September 30, 2011 and the case will be set on a trial calendar in early 2012. After entry of the Court’s Case Scheduling Order, the parties in settlement discussions, which were unsuccessful in resolving the litigation. CCG and Caswyck intend to continue to defend vigorously against the claims asserted against them.


· On or about July 23, 2010, Locust Street Lofts, LP, (“Lofts”), Locust Street Tenant, LP, (“Tenant”), Elias Haus Partners, LLC, Elias Tenant, LLC, Bill L. Bruce and Richard Yackey commenced an action in the Circuit Court of the City of St. Louis, Missouri, entitled Locust Street Lofts, LP, et al v. CCL Locust Street Owner LLC, et al., Cause No. 1022-CC10087, against certain of our subsidiaries and investment funds managed by our subsidiaries (the “Centerline Locust Street Defendants” ). The plaintiffs, however, did not immediately serve the summons and complaint on the Centerline Locust Street Defendants. On or about September 20, 2010, the Centerline Locust Street Defendants served their answer and counterclaim and filed certain motions in the action, including one for a preliminary injunction or the appointment of a receiver.


The complaint asserts claims that certain of the investment funds managed by the Company’s subsidiaries breached certain contracts by not paying a total of approximately $1.2 million in capital contributions to Lofts and Tenant, which are project partnerships in which certain of the Centerline Locust Street Defendants are limited partners. The complaint also alleges that the Centerline Locust Street Defendants that serve as the special limited partner for Lofts and Tenant improperly removed certain plaintiffs from their positions as the general partners of Lofts and Tenant. The complaint seeks money damages of approximately $1.2 million, interest, costs, attorneys’ fees and declaratory relief. The court conducted an evidentiary hearing on the motion for a preliminary injunction or a receiver on October 13 and 14, 2010 and in a memorandum and order dated January 13, 2011 denied that motion. The Centerline Locust Street defendants intend to defend the claims asserted against them and to prosecute their counterclaims vigorously

[el_guapo]

Centerline Capital Group Closes Multifamily Refinance in 30 Days

—Total funding for property in Redondo Beach, California equals $11.1 MM—

http://ir.centerline.com/phoenix.zhtml?c=74331&p=irol-irhomeArticle&ID=1620101&highlight=

[el_guapo]

Centerline Capital opens alternative capital division in Vienna

http://www.washingtonpost.com/business/capitalbusiness/centerline-capital-forms-new-capital-markets-division/2011/10/25/gIQA2Mi7WM_story.html

[~ Blue ~]

CLNH expecting dollars level

[el_guapo]

getting close now

[~ Blue ~]

11% up today

[~ Blue ~]

CLNH 10% up >>>>>>>>>>

[~ Blue ~]

CLNH Further Expands Small Loan Group

—Hires Charlie Cole as Regional Manager for Central US—

New York, NY — September 8, 2011 —Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it hired Charlie Cole as Regional Director for the Small Loan Group based in Dallas, Texas. Mr. Cole will be responsible for the Central Region of the United States, which includes Texas and the surrounding states.

Centerline is one of the nation’s leading Mortgage Banking institutions in the multifamily sector. Its Small Loan Group, which is housed within the Mortgage Banking unit, provides loans between $1 and $5 million, with an average loan size of $1.8 million. The Small Loan Group is headquartered in Irvine, California under the direction of Rick Warren.

The Group is comprised of 6 originators (mortgage bankers), and a 10-person support team that handles processing, underwriting, and loan closings. Since its inception two years ago, the Small Business Loan Group has funded $300 million nationwide. In June, the team closed its largest single transaction with a $27 million portfolio deal.

Mr. Cole joins Centerline from Apartment Bank where he was a Senior Commercial Lending Officer and involved in the initial roll out of the lending program in the firm’s multi-family business. Consistently a top performer at Apartment Bank, Mr. Cole focused exclusively on originating loans for stabilized multi-family properties across the country, with loans ranging in size from $500,000 to $10 million.

“Charlie has vast knowledge of the multi-family sector and is expert at structuring commercial real estate finance solutions for companies active in this segment of the market,” said Rick Warren, Managing Director Mortgage Banking at Centerline. “We are confident he will help us expand our multi-family business in Texas and the central region and prove to be invaluable to us at Centerline, as well as to our clients.”

Earlier in his career, Mr. Cole was with Imperial Capital Bank in Dallas where he was also the top producer and originated the most new loans. He began his career in commercial real estate in 1995 and during his career has funded over $500 million in new loans.

Mr. Cole graduated from Southern Methodist University with a degree in business and he also holds an MBA from Clemson.

###

About Centerline Capital Group

Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC: CLNH), provides real estate financing and asset management services, focused on affordable and conventional multifamily housing. Centerline offers a range of both debt and equity financing to developers, owners, and investors. An industry leader, Centerline is structured to originate, underwrite, service, manage, refinance or sell through all phases of an asset’s life cycle. A leading sponsor of Low-Income Housing Tax Credit (LIHTC) funds, Centerline has raised more than $10 billion in equity across 136 funds, and invested in over 1,300 assets spanning 47 states. The firm’s multifamily lending platform services more than $11billion in loans. Founded in 1972, Centerline is headquartered in New York City, with 227 employees in ten offices throughout the United States. A strategic partner of Island Capital, Centerline is organized around four business units: Asset Management, Mortgage Banking, Affordable Housing Equity and Affordable Housing Debt. For more information visit www.Centerline.com.

###

Certain statements in this document may constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Other risks and uncertainties are detailed in Centerline Holding Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, and include, among others, business limitations caused by adverse changes in real estate and credit markets and general economic and business conditions; our ability to generate new income sources, raise capital for investment funds and maintain business relationships with providers and users of capital; changes in applicable laws and regulations; our tax treatment, the tax treatment of our subsidiaries and the tax treatment of our investments; competition with other companies; risk of loss under mortgage banking loss sharing agreements; and risks associated with providing credit intermediation. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date of this document. Centerline Holding Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Centerline Holding Company's expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

Press release transmitted by noodls
Latest news on CENTERLINE HOLDING COMPAN
09/08 Centerline Capital Group Further Expands Small Loan Group
08/15 Centerline holding company reports
07/14 Centerline Capital Group Funds a Portfolio of 12 Apartment Buildings in San Fern..
07/12 Centerline Capital Group Hires Mortgage Banking Team for Midwest Expansion
06/28 Centerline Capital Group Hires Mortgage Banking Heavy Weight for New England
06/22 Centerline Capital Group Expands Affordable Housing Debt Products Business
02/16 Centerline Capital Group Closes $119.25MM Multi-Investor LIHTC Fund
2010 Centerline Holding Company Reports Second Quarter 2010 Financial Results
2010 CORRECTING and REPLACING Centerline Holding Company Reports First Quarter 2010 F..

[~ Blue ~]

undiscovered huge pick here

[~ Blue ~]

CLNH 20% UP TODAY VERY THIN

[~ Blue ~]

CLNH partners Bank of America: 8%, Wells Fargo : 8%, Citibank : 4%, Capital One : 2%, FDIC : 7%, C3 Initial assets LLC : 39%, Natixis Financial products: 5%, SCU : 8%, Related companies: 3%, COMMON SHAREHOLDERS 16%


SHAREHOLDERS OF RECORD 2,499

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8101347

[~ Blue ~]

http://ir.centerline.com/phoenix.zhtml?c=74331&p=irol-newsArticle&ID=1597520&highlight=

[pennyplayers]

Great News Blue XX...BUY BUY BUY or get left in the cold on this one.

[~ Blue ~]

CLNH, Q2 out 9.6 million dollars net profit

Earning per share 3 cents

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8101347


SHAREHOLDERS:

Bank of America: 8%

Wells Fargo : 8%

Citibank : 4%

Capital One : 2%

FDIC : 7%

C3 Initial assets LLC : 39%

Natixis Financial products: 5%

SCU : 8%

Related companies: 3%

COMMON SHAREHOLDERS 16%


SHAREHOLDERS OF RECORD 2,499

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8101347

[pennyplayers]

Time for the upswing. Still not sure why we took such a dip, but it looks as if that is over and things are taking off. Looking for continuing upward movement this week. Just need more promotion to keep the momentum up like this:

http://charlotteraleigh.citybizlist.com/14/2011/6/24/Bank-of-America-Reports-8.9-Stake-in-Centerline-Holding-Co.--cbl.aspx

[pennyplayers]

Shareholder meeting brought positive news. It seems as if this company is on the right track and has the means to turn around. I'm not sure why the dip in stock price.

[pennyplayers]

5 Days Until Shareholder Meeting...I think the upward movement should start today, but definitely on the 20th(the day of the meeting).

[aquaspin]

Nice find! Shouldn't be long before we see a steady climb up here. I'm surprised they hold so many shares.

[pennyplayers]

Bank of America and Wells hold 58.7 Million in shares collectively of this company. They are the 2nd and 3rd largest holders of CLNH. Just an eye opener as to how big of a payout we might be looking at on this investment. If the big dogs are holding this stock, I'm buying as much as possible while its still cheap. Hopefully stock stays down in price until the shareholder meeting on the 20th, but I suspect it will start to rise shortly before.

Link:
http://data.cnbc.com/quotes/CLNH/tab/8

[pennyplayers]

Shareholder Meeting Link:

http://www.reuters.com/article/2011/04/27/idUS256390+27-Apr-2011+HUG20110427

[pennyplayers]

Big News Coming...Stockholder meeting should shed some light on current restructuring and focus for the company. Looking for a big jump on or before this day June 15th, 2010 with good news.

[pennyplayers]

More volume being traded each day...price slowly heading upward. Hopefully some positive news at the upcoming shareholder meeting will be bring some more attention to the stock. Still buying here and hoping for more news and more volume.

[pyramide3465]

Quite possible

[pennyplayers]

Is this stock on the rebound?...This company has definitely been through it, but is still reporting financials and still afloat after selling off alot of their operations. Is what remains enough to propel it back to where it once was ($20) probably not, but enough to see some significant gains...definitely yes! Im buying while its still CHEAP.

[Major_Bankz]

CLNH was a $20/ stock when it was trading at NYSE. a bounce to $2-3 is not impossible.

[mxpt91]

CLNH ought to be great with such grand news of closing a $150 million fund.

[Major_Bankz]

CLNH 0.21 hod!

[Major_Bankz]

Glad I added more @ 0.085 - 0.09

[Major_Bankz]

CLNH 0.13 up 46%

[Major_Bankz]

great news!

[TobiasFunke]

[TobiasFunke]

Ditto with yours... quit wasting digital paper.

[hang ten]

LOL, I guess your post goes in the same file..

[B7$4]

"CLNH News" Centerline Capital Group Closes $119.25MM Multi-Investor LIHTC Fund
Centerline Passes $10B Mark in Tax Credit Equity Raised
http://www.businesswire.com/news/home/20110216006859/en/Centerline-Capital-Group-Closes-119.25MM-Multi-Investor-LIHTC

NEW YORK--(BUSINESS WIRE)--Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services with a focus on affordable and conventional multifamily investing and lending, announced today that it closed Centerline Corporate Partners XXXVIII LP (“CCP 38”), a $119.25-million multi-investor Low-income Housing Tax Credit (“LIHTC”) fund. With the closing of CCP 38, Centerline-sponsored LIHTC funds have raised aggregate equity capital in excess of $10 billion since the inception of the LIHTC program in 1986.

“On behalf of the entire Company, I am pleased to announce the closing of this new fund. We have an excellent line up of developer and investor partners. And the fund was oversubscribed by nearly 20 percent, showing strong demand for our product and institutional support for Centerline’s platform”

CCP 38 is the first Centerline-managed multi-investor LIHTC fund raised since the company completed its March 2010 restructuring and recapitalization. “On behalf of the entire Company, I am pleased to announce the closing of this new fund. We have an excellent line up of developer and investor partners. And the fund was oversubscribed by nearly 20 percent, showing strong demand for our product and institutional support for Centerline’s platform,” said Robert L. Levy, President, Chief Operating Officer, and Chief Financial Officer of Centerline. Limited partnership interests in CCP 38 were sold to eight institutional investors; six are repeat Centerline fund investors and two are first-time Centerline fund investors. The fund’s $119.25 million in equity proceeds will be used, along with other project-level financing sources, to produce and/or preserve more than 1,300 units of affordable rental housing spread across 16 projects located in 10 states.

“We are very pleased to have closed CCP 38, and we sincerely thank our investor and developer clients for participating in this high-quality investment fund,” said Andrew J. Weil, Executive Managing Director of Centerline and head of the Affordable Housing Group. “The closing of CCP 38 demonstrates investor demand exists for quality affordable housing investments offered by strong fund sponsors such as Centerline.”

With the closing of CCP 38, Centerline has raised $10,089,308,010 in aggregate tax credit equity across its 136 investment funds since 1986. The company has financed affordable housing in 47 states, Washington DC and Puerto Rico.

[TobiasFunke]

Thanks for the info. I'll be sure to file that post under "highly relevant".

[MakinBank]

getting some action off news

[hang ten]

See anything going for Centerline? TIA

[el_guapo]

I have been watching for some time, and I believe it is time for a bounce.