Project Name: Pacific Gas & Electric Building
Project Description: Adaptive Reuse of a National Register building into 275 apartment lofts utilizing the 20% Historic Tax Credits.
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Scope of Service:
Consulted and assisted in independent evaluation of developers plan to adaptively reuse his National Register Building and take the 20% historic tax credit. The independent analysis of the Part II Tax Credit Application proposal assisted Wachovia in underwriting the transaction and making an offer to purchase the historic tax credits and make the construction loan to the developer.
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