William H. Fazzano

Partner, Director of Asset Management and Underwriting

Mr. Fazzano, a Director for Boston Capital Finance, leads both the underwriting and the asset management teams. On the underwriting side, he is responsible for reviewing all third party reports, collecting due diligence, completing or reviewing investment summaries, negotiating loan documents and working with both bond council and bond trustees to ensure a successful closing process. Over the past several years, the transactions have consisted primarily of tax-exempt construction to permanent bonds ranging in size from $10 million to $65 million. During his 28 years at Boston Capital Finance, he has closed over $3.0 billion in affordable housing debt and worked with approximately 20 institutional investors including both insurance companies, banks and endowments.

On the asset management side, Mr. Fazzano is responsible for working with nationally recognized third party engineers to review both construction progress and change orders, overseeing all monthly construction draws as well as all investor reporting. Boston Capital Finance utilizes hands on asset management approach and visits each site both prior to closing and at construction completion. Each transaction is re-sized as part of the stabilization process to make sure that the project meets each investors required debt service coverage ratio. Once a property has achieved stabilization, Mr. Fazzano is responsible for the collection of monthly rent rolls, quarterly property financial statements and year-end audits. This information is then presented to our investors in a format that meets their internal requirements.

Additionally, Mr. Fazzano’s responsibilities include aiding in Boston Capital Finance’s fund raising initiatives including but not limited to creating debt initiatives, presenting investment alternatives to corporate executives and ultimately negotiating fund documents. Mr. Fazzano has over 35 years of lending experience and has been an employee at Boston Capital since 1994.

Prior to joining Boston Capital in 1994, Mr. Fazzano was a commercial real estate lender at Citizens Bank between 1989 and 1994. From 1982 through 1989, he served as a commercial loan officer for Fleet National Bank.

Mr. Fazzano holds a BS in Marketing and an MBA in Finance from the University of Denver.