Redevelopment of a Mixed-Use Retail and Office Using Tax Credits
Advised a local economic catalytic organization as the Qualified Active Low-Income Community Business (“QALICB”) in a transaction that involved New Markets and Historic Tax Credits. The tax credits were used to redevelop a mixed-use retail and office as part of a comprehensive revitalization effort.
Development of a Midwestern hospital
Served as counsel for the source and direct lender in the financing for the development of a Midwestern hospital in a deal that utilized New Markets Tax Credits and assisted the lender and other parties to resolve a myriad of complex real estate problems that arose during the project.
Acquisition, Financing and Restoration of an Historic Inner City Hotel
Represented a developer in a joint venture with a Minority Business Enterprise in a $35 million project involving the acquisition, financing and restoration of an historic inner city hotel, which included both the conversion to office space and the leasing of the office to a major healthcare organization. The transaction “twinned” New Markets and Historic Tax Credits in conjunction with other private and public financing vehicles.
Financing for Mixed-Use Development Project
Represented two well-known developers and an investment partner in a $75,000,000 mixed-use retail, office, entertainment and residential development project in Cincinnati. The deal included Bond, Tax Increment and New Market Tax Credit financing for construction of the University Square Project. In total, the transaction spanned three years, leveraged a multitude of financing vehicles including a blend of grants, bonds and tax credits and involved negotiations and coordination between three law firms, a public university, the City of Cincinnati and one of the area’s largest regional banks.