Michael Duffy, Senior Vice President, Project Finance
Mike Duffy has 11 years of experience in structuring and underwriting mixed-finance, new market and low income housing tax credit (LIHTC) investments. Mr. Duffy joined the Project Finance Team at McCormack Baron Salazar in September 2005 as a finance manager. Mike now leads the housing finance group working across all company projects, creating the deal’s financial structure, managing the financial and legal aspects of the financial closing, and overseeing the close-out process upon project completion. Working closely with the executive team and individual project managers, Mr. Duffy helps determine and assess the risk profile of each development and works with stakeholders, gap funders and private lenders and equity providers helping to create transformative and financially sustainable communities.
Between 2005 and 2010, Mr. Duffy has participated in closing dozens of transactions, totaling almost $800 million in development of thousands of units of mixed-income, mixed-use communities in cities across the country.
Prior to joining the Project Finance Team, Mr. Duffy worked for two tax credit equity syndicators in Ohio and Missouri. He holds a bachelor’s degree in American Studies from St. Louis University and master’s degrees in both City Planning and Public Policy from The Ohio State University. He was a participant in FOCUS St. Louis’ 2004-2005 Leadership St. Louis program.