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Ryan P.Sommers CPA

Managing Director of Financial ServicesRyan.Sommers@AboutPMC.com

Ryan P.Sommers CPA

Managing Director of Financial Services

Structured Finance Experience

  • Financial architecture with a focus on public-private partnerships
  • Federal and state historic tax credits structuring and syndication
  • Pro forma development and financial feasibility analysis
  • Intergovernmental funding strategies (local, state, federal)
  • Public sector bond financing
  • Tax increment financing, new markets and job creation tax credit strategies

Project Experience

  • Playhouse Square Lumen Tower – Structuring private and public financing for $140 million construction project
  • Euclid Grand – John Hartness Brown – Managing tax credit structuring and public financing for $80 million historic redevelopment of vacant complex
  • 441 Smithfield – Pittsburgh – Managing tax credit structuring and public financing for $70 million historic redevelopment of vacant complex
  • Adcom HQ relocation – Structuring private and public financing for new headquarters project in northeast Ohio
  • Millennia Housing Management – Structuring public financing for redevelopment of Cleveland apartment project
  • The Bowery – Coordination of tax credits, public financing sources and private debt financing for redevelopment of vacant complex at “main & main” in downtown Akron
  • Equity Trust Campus – Coordination of local and state incentives for corporate campus expansion
  • Confidential distribution center – Securing various incentives for 400,000 sq. ft. e-commerce distribution and fulfilment center in Florida
  • 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
  • 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
  • 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 Issuances
  • Industrial Revenue Bonds
  • Procured HUD 108 Loans totaling $58MM
  • Secured over $500 million in bank, institutional, CMBS and life insurance project financing
  • Crain’s Cleveland Business, Forty Under 40, Class of 2014

Professional Associations

  • American Institute of Certified Public Accountants
  • Council of Development Finance Agencies
  • Ohio Society of CPAs
  • Urban Land Institute

Education

  • Weatherhead School of Management, Case Western Reserve University, 2001,

    Cleveland; Masters of Accounting (focus in auditing)

  • Case Western Reserve University, B.S., 2000,

    Cleveland; B.S. in Accounting (focus in economics)