Loren Brueggemann

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.