Loren Brueggemann

 
loren-1.jpg

Principal

For over forty years, Loren E. Brueggemann has been developing multifamily housing, institutional housing and commercial real estate on a national basis. He is responsible for over $600,000,000 in urban improvements during his career.

For the last 21 years, Loren has dedicated himself to multifamily housing, mixed use development and adaptive reuse, emphasizing the use of both affordable and market rate housing as a tool for reinvigorating neighborhoods. An innovator in the use of multi-source financing mechanisms, his approach layers resources to help achieve the redevelopment goals of the community. His work has often resulted in award-winning housing projects.

Loren has worked with:

  • Tax Increment Financing

  • Tax Exempt Bonds

  • HUD 221 D4, 223F and 236 decoupling loan programs

  • CRA Driven Mortgage Debt

  • Collateralized Mortgage Obligations

  • Real Estate Mortgage Investment Conduits

  • Syndication Equity

  • Ground Leases

  • PACE Funds

  • Interest Rate Swaps

  • 236 Decoupling with IRP strip out

  • Agency Loans and Grants

  • HOME Funds

  • Recycled CDBG funds

  • Freddie Mac

  • Collateralized Debt Obligations

  • Neighborhood Stabilization Program

  • Pension Funds

  • Bank Debt

  • Securitized Debt

  • Interest Rate Derivatives and SWAPS

  • 4% and 9% LIHTC

  • Cleanup grants

  • Sandwich Leases to incorporate any and all of the aforementioned resources

Currently Loren is working on:

Rice Street Flats

Currently under construction, Rice Street Flats will bring 41 new affordable apartments to the South of Maryland neighborhood of St. Paul, MN. This project is funded by tax exempt bonds, 4% tax credits, HOME funds and a land loan from the St. Paul Housing and Redevelopment Authority.

Dutton Flats

Through a partnership with non-profit developer Integrity Housing, Dutton Flats will provide 41 affordable housing units in a five-story building near downtown Santa Rosa, CA. Construction is anticipated to be completed in 2021 and is funded by 9% tax credits, conventional mortgage from Freddie Mac, and a loan from the Santa Rosa Housing Authority.

St. Paul Preservation Project

This acquisition/rehab and conversion to LIHTC of 172 apartment units across five locations was funded using conventional bank financing, 9% tax credits, Freddie Immediate Funding, and a bank construction bridge loan to fund Freddie holdback and tax credit equity. Read the full Case Study here »