Engineering Institutional Grade Execution Through Tax Exempt Capital Markets
WFHP STRUCTURES MUNICIPAL BOND TRANSACTIONS WHERE TEFRA SEQUENCING, BORROWER ALIGNMENT, AND DISCIPLINED CAPITAL ARCHITECTURE CONVERT COMPLEXITY INTO QUANTIFIABLE, FINANCEABLE OUTCOMES.
WFHP STRUCTURES MUNICIPAL BOND TRANSACTIONS WHERE TEFRA SEQUENCING, BORROWER ALIGNMENT, AND DISCIPLINED CAPITAL ARCHITECTURE CONVERT COMPLEXITY INTO QUANTIFIABLE, FINANCEABLE OUTCOMES.
Real estate is the medium. Structured finance is the engine.
Who We Are
WFHP is a finance platform. It develops real estate. That sequence is not a flourish; it is the architecture of the firm. More than 20 million square feet, nationally, and every layer of the capital stack, yet the firm operates like a capital markets business from the inside. The edge is not market timing or site selection or construction expertise, though the firm has all three. The edge is structural finance: TEFRA sequencing, 501(c)(3) governance, reimbursement rule compliance, private-use constraints, and multi-party closing coordination that most sponsors cannot execute. The complexity that deters competitors is, by design, the source of WFHP's margin.
What We Do
WFHP identifies land the market has not yet priced correctly, controls it through long escrow, option, or direct acquisition, and then does what most sponsors cannot: advances entitlements to a permit-ready milestone, independently appraised, that the tax-exempt bond market will underwrite. A 501(c)(3) borrower acquires the asset at that appraised fair market value. The bond closes. Working equity returns, not after a construction cycle or a refinancing that depends on a market that may not cooperate, but on closing day. It then moves to the next site. Each closing returns capital, reinforces issuer relationships across jurisdictions, and sharpens the execution playbooks that make the next deal faster and more certain. That is not a pipeline. That is a flywheel.
CASA at FIU
Issuer
Miami-Dade County Industrial Development Authority
Total Par
$241,206,953.70
Rating
Not Rated*
Scaling
295 units (820 beds) · 21 Stories · ~676,500 SF
Underwriters
J.P. Morgan · KeyBanc Capital Markets
Trustee
Wilmington Trust, National Association
Borrower
PRG – Casa Properties LLC
Developer
WFHP RAL SW JV LLC
$241.2M in tax-exempt bonds. Miami-Dade County IDA. J.P. Morgan and KeyBanc.