Hamilton Canal District, Lowell, MA Downtown Lowell Phase I - PowerPoint PPT Presentation

Hamilton Canal District, Lowell, MA Downtown Lowell Phase I Appleton Mills Ham ilton Canal District

Hamilton Canal District, Lowell, MA • 15 acres, adjacent to Downtown • Lowell National Park Historical District • 1.9 million square feet of mixed-use, transit- oriented development • The creation of up to 725 units of market rate and affordable housing, up to 425,000 square feet of commercial space and up to 55,000 square feet of retail

Hamilton Canal District, Lowell, MA

Hamilton Canal District, Lowell, MA

Hamilton Canal District, Lowell, MA

Hamilton Canal District, Lowell, MA

Hamilton Canal District, Lowell, MA

Appleton Mills: New Opportunities for Old Buildings

Appleton Mills: New Opportunities for Old Buildings

Appleton Mills: New Opportunities for Old Buildings

Appleton Mills: New Opportunities for Old Buildings

Appleton Mills: New Opportunities for Old Buildings

Appleton Mills: New Opportunities for Old Buildings Phase 1A-90 Units (4% Credit) USES SOURCES Acquisition: $504,721 Tax Credit Equity: $26,282,806 Hard Costs: $32,613,750 GDI Funds: $13,674,539 Contingency: $3,261,375 AHT: $2,000,000 Soft Costs: $10,698,698 PDF: $1,640,000 TDC: $47,078,544 HSF: $1,000,000 Permanent Loan: $1,465,000 Deferred Developer Fee: $1,008,699 STC Contribution: $7,500 TOTAL SOURCES: $47,078,544 Construction Loan: $22,395,000

Appleton Mills: New Opportunities for Old Buildings Phase 1B-40 Units (9% Credit) USES SOURCES Acquisition: $165,279 Tax Credit Equity: $15,796,463 Hard Costs: $10,871,250 State HOME: $800,000 Contingency: $1,087,125 City HOME: $200,000 Soft Costs: $4,850,309 Permanent Loan: $175,000 TDC: $16,973,963 STC Contribution: $2,500 TOTAL SOURCES: $16,973,963 Construction Loan $12,540,000

APPLETON MILLS – PHASE 1A Trinity Appleton Four Limited Partnership 100% Ownership Interest Special Limited General Partner .005% Partner Trinity Appleton Four, Inc. .001% Limited Partner .004% Trinity Appleton Four STC LLC Investor Limited Partner Red Stone Limited Partner 99.99% Equity Manager, Red Stone - Fund 8 Limited Partnership LLC James G. Keefe Patrick A. T. Lee 50% 50% Stockholder Stockholder General Partner 100% Trinity Appleton Four, Inc. (assignment) Lowell Development and Financial Corporation , assignee of Trinity Appleton Four, Inc.

APPLETON MILLS – PHASE 1B Trinity Appleton Limited Partnership 100% Ownership Interest Special Limited General Partner .005% Partner Trinity Appleton Inc. .001% Limited Partner .004% Trinity Appleton STC LLC Investor Limited Partner Red Stone Limited Partner 99.99% Equity Manager, Red Stone - Fund 8 Limited Partnership LLC James G. Keefe Patrick A. T. Lee 50% 50% Stockholder Stockholder General Partner 100% Trinity Appleton, Inc. (assignment) Lowell Development and Financial Corporation , assignee of Trinity Appleton, Inc.

Appleton Mills: New Opportunities for Old Buildings

Appleton Mills: New Opportunities for Old Buildings

Appleton Mills: New Opportunities for Old Buildings

Appleton Mills: New Opportunities for Old Buildings