Real estate services

Economic development and finance


When it comes to economic development and project financing, our goal is to assist you in structuring your transaction, streamlining the process, negotiating the financing, and meeting your deadlines and budget. Our experience in various disciplines, working with clients in a wide variety of industries, means we can typically anticipate your needs and work towards a result that makes sense for everyone involved. Creative problem solving is crucial to achieving successful implementation of your project, which is why we often call in attorneys with knowledge in other fields to assist. 

Clients in the following areas consistently turn to the attorneys and professionals at our firm for their economic development and project finance needs:
  • Banking 
  • Community development
  • Lenders
  • Equity sponsors
  • Developers 
  • All types of financial advisors and consultants

We provide services that include:
  • Affordable housing/HUD financing
  • Economic development
  • Economic incentives
  • Financing buy out of Tenant in Common partners and LLC members
  • Historic tax credits
  • Investment tax credits
  • Joint venture opportunities
  • Low-income housing tax credits
  • New markets tax credits
  • Private/public partnerships
  • Public finance
  • REITs (link)
  • Renewable energy
  • TIF
  • 1031 exchanges
  • EB-5 Investor Visa Financing

Representative Matters

  • Represented an institution of higher education in all aspects of its $35 million rehabilitation and modernization of a historic building including: development agreements, construction documents, commercial debt financing, obtaining and syndicating federal historic rehabilitation tax credits, state historic rehabilitation tax credits and new markets tax credits, applying for and complying with the requirements of state and federal grants and subsidies, and assisting with capital campaign activities
  • Represented a purchaser in structuring and negotiating a prepaid power purchase agreement and in all aspects of the 2.2MW solar photovoltaic project, including negotiating and documenting the project site lease, bridge loan financing, security interests, and interconnection agreement and reviewing the EPC contract and operation and maintenance contract
  • Represented national financial institutions in numerous historic rehabilitation tax credit and new markets tax credit loan financing transactions
  • Represented a leading private liberal arts college in the redevelopment of a historic theater for use as a modern commercial movie theater and for educational advancement purposes financed in part with federal historic rehabilitation tax credits, state historic rehabilitation tax credits, and new markets tax credits
  • Represented buyer in assumption of 800 apartments from HUD
  • Represented an Ohio university in the complete rehabilitation of a historic dormitory utilizing federal historic rehabilitation tax credits and state historic rehabilitation tax credits to supplement the university’s capital campaign
  • Represented local developer in redevelopment of historic urban office buildings
  • Represented nonprofit in utilizing state and federal historic rehabilitation tax credits in the rehabilitation of a former department store to be used as an incubator and laboratory for high-tech start-ups
  • Represented university in the $33 million redevelopment of a 1960s era student residence utilizing federal historic rehabilitation tax credits and state historic rehabilitation tax credits
  • Represented a developer in a Public-Private Partnership to construct a Public Stormwater Management Facility, including obtaining approximately $50 million in New Market Tax Credit Financings
  • Represented a developer in obtaining $20 million in EB-5 Investor Visa Financing, both equity and debt offerings
  • Represented a developer in EB-5 Investor Visa offering for the acquisition and development of multi-family housing projects
  • Represented lender in ESOP related financing involving retail and wholesale liquor stores in 3 states