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They Know Gov’t Financing

They Know Gov’t Financing
They Know Gov’t Financing
Yesterday morning's Real Estate Investment Association's breakfast at Maggiano's in River North cued everyone into new market tax credits to get financing in lower income neighborhoods. But Pathways Senior Living's Jim Keledjian, Michael Vick and Aaron D'Costa  seem to already have it figured out. Pathways recently completed two senior centers on the south side, including the first LEED-certified senior living facility in Chicago. In celebration, Aaron's off to Myrtle Beach this weekend.
 
They Know Gov’t Financing
Baker Tilly Virchow Krause's Josie Kotsioris,  NEF's Joe Hagan,  and JP Morgan Chase's Matt Reilein  say more and more clients are coming to them with soft sources of debt, like municipal funding or private grants. Joe says the sources are not attached to the collateral, which makes lenders hesitant. (As for our borrowing, we'd love that massive tablecloth when the restaurant is done with it.)