Ryan P. Sommers, CPA

Managing Director of Financial Services

Overview

As managing director of financial services, Ryan Sommers identifies, secures and manages private and public financing opportunities for business expansion projects and real estate development. Ryan is currently managing financing for a $1.64 billion project pipeline with $440 million in public financing for public-private partnerships including 1401 Elm - Dallas, Texas, Cleveland Terminal Tower redevelopment, nuCLEus, Starks Building - Louisville, Standard Building, Tower at Erieview, Shaker Van Aken, Centric, 925 Euclid - Huntington Building and University Circle City Center.

Structured Finance
  • Pro forma development and financial feasibility analysis
  • Intergovernmental funding strategies (local, state, federal)
  • Bank financing assistance
  • Public sector bond financing negotiation
  • Tax increment financing, new markets and historic tax credit strategies and analysis
Experience
  • National Interstate - Multi-million dollar public financing and incentive page for headquarter expansion project
  • Fat Head's Brewery - Coordinate public financing and incentives for brewery and production facility project
  • Stark Enterprises – nuCLEus Development Project – Structuring private and public financing for $500 million redevelopment
  • 925 Euclid Avenue Redevelopment – Structuring private debt, tax credits and public financing for $280 million historic redevelopment
  • Geis Companies – Ameritrust Redevelopment – Structured private and public financing for the $180 million redevelopment of the Ameritrust complex and new Cuyahoga County Headquarters
  • 1401 Elm Street, Dallas, Texas – Assisted Drever Capital Management with tax credit structuring and public financing for $240 million historic redevelopment of office tower
  • Hillcrest Food Services – Multi-million dollar public financing and incentive package for headquarter expansion project
  • Geis Companies - Monument Hotel – Indianapolis, Indiana - Structuring private and public financing for mixed-use redevelopment project
  • Midwest Development Partners – Structuring public financing for $200 million development project in University Circle
  • Applied Industrial Technologies – Multi-million dollar public financing and incentive package for headquarter acquisition
  • Statler Garage – Coordinated financing for acquisition of parking garage in Cleveland Central Business District
  • Hudson Holdings – Coordinated private and public financing for acquisition in St. Louis, Missouri, Kansas City, Missouri and Cincinnati, Ohio
  • Morgan Management – Structuring and securing $7.5 million in tax credit and bridge financing for renovation of National Terminal Warehouse Apartments
  • Weston, Inc. – Standard Building Redevelopment – Structuring public financing for $65 million redevelopment
  • RMS – Forest City Enterprises – Structuring public financing for $90 million mixed-use project
  • Flats East Bank – Finance Director for $700 million mixed-use redevelopment with 32 different sources of financing over four major asset classes
  • Phillips Edison & Company – Parmatown Mall Redevelopment/Parma, Ohio
  • Cuyahoga County Convention Center Hotel – Project finance and accounting
  • Fairmount Properties – College Town Development Project/Rochester, New York
  • Slyman Group & Dalad Construction – Redevelopment of 1220 Huron Road in Playhouse Square
  • University Circle Incorporated – Various mixed use projects/Cleveland, Ohio
Additional Experience
  • EB-5 Financing - $150MM +
  • Tax Increment Financing - $100MM +
  • New Market Tax Credits - $100MM +
  • State of Ohio Loans and Grants - $50MM +
  • Historic Tax Credit Equity (State and Federal) and Bridge Loans - $200MM +
  • Taxable and Tax Exempt Bond Issuance's
  • Industrial Revenue Bonds
  • Procured HUD 108 Loans totaling $58MM
  • Secured over $500 million in bank, institutional, CMBS and life insurance project financing
Distinctions
  • Crain’s Forty Under 40, Class of 2014

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