1. How Credits Become Capital: When and How to Syndicate Putting together the Syndication Dream Team John Tess Heritage Consulting Group Historic Rehabilitation Tax Incentive Specialists Portland, Oregon, Philadelphia, Pennsylvannia 503-228-0272

2. Why do you need a Team Heightened sophistication of deals Competition for resources Time Credibility Specialties needed

3. Who are some of the team players Developer Attorney(s) Accountants Preservation Consultant Other Consultants Contractor Architects and engineers Other Consultants

4. Other possible team players Local review bodies Neighborhood SHPO NPS

5. Result of Bringing the right team together Peace of Mind Peace of mind in any historic deal because of the complexity of the process is attained by putting together the correct project team and early identification of issues early as well as continued team work throughout the project.

7. John M. Tess Heritage Consulting Group 1120 NW Northrup St. Portland, OR 97209 (503) 228-0272 82 Bethlehem Pike Philadelphia, PA 19118 jmtess@heritage-consulting.com www.heritage-consulting.com