1. Medical Dental Building Seattle, WA
Combining Historic and New Market
Tax Credits
Presented by George Petrie

2. Master Tenant Structure Diagram

3. Sources and Uses Total Percentage Bank of America Permanent Loan
50,000,000
67%
TriSail Mezzanine Financing
4,310,000 6%
Federal HTC
6,260,000 8%
NMTC Equity
1,830,000 2%
Deferred Developer Fee & Equity
11,840,000
16%
Total Sources of Funds
74,240,000
100%
62,400,000
Land
13,500,000
Building
25,000,000
Hard Costs
21,290,000
Soft Costs and Financing Costs
14,450,000
Total Development Costs

4. Floor Corridors Before

5. Floor Corridors After

6. Floor Elevator Lobby Before

7. Floor Elevator Lobby After

8. Main Lobby Entrance Before

9. Main Lobby Entrance After

10. All Star Fitness Lobby Before

11. All Star Fitness Lobby After

12. All Star Fitness Facility

13. All Star Fitness Facility

14. Wintergarden Before

15. Wintergarden After

16. Wintergarden After