Daniel P. Sweeney

Associate

Cleveland
T +1.216.861.7107
F +.1.216.696.0740

Overview

Daniel P. Sweeney is a member of the firm’s Tax Credit Finance and Economic Development Incentives team. His practice areas include real estate finance, with a focus on non-traditional financing sources such as new markets tax credits and historic tax credits, as well as general business and corporate matters. He has represented real estate developers, investment banks, nonprofit organizations, private equity firms, and manufacturers, among others. By applying his thorough and broad knowledge of tax credit nuances and regulations, Daniel provides the knowledgeable counsel his clients need to achieve their economic goals.

Select Experience

  • Dayton Arcade: Assisted with the representation of a consortium of developers in connection with nearly $100 million financing for the redevelopment of a complex of historic buildings located in Dayton, Ohio and commonly known as the "Dayton Arcade." The project's complex capital stack included: state and federal NMTC financing, state and federal HTC financing, LIHTC financing, PACE financing, tax-increment financing, a structured lease and New Community Authority bond financing.
  • Euclid Grand: Assisted with the representation of a real estate developer and various foreign investors in connection with a $75 million financing for the redevelopment of the historic John Hartness Brown complex in Cleveland, Ohio. Financing sources included state and federal HTC financing, tax increment financing, and over $40 million in conventional debt financing.
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Experience

  • Dayton Arcade: Assisted with the representation of a consortium of developers in connection with nearly $100 million financing for the redevelopment of a complex of historic buildings located in Dayton, Ohio and commonly known as the "Dayton Arcade." The project's complex capital stack included: state and federal NMTC financing, state and federal HTC financing, LIHTC financing, PACE financing, tax-increment financing, a structured lease and New Community Authority bond financing.
  • Euclid Grand: Assisted with the representation of a real estate developer and various foreign investors in connection with a $75 million financing for the redevelopment of the historic John Hartness Brown complex in Cleveland, Ohio. Financing sources included state and federal HTC financing, tax increment financing, and over $40 million in conventional debt financing.
  • Small Business Capital Fund: Represented a nonprofit investment firm in its role as lead source lender in connection with the capitalization of a small business capital fund designed to provide below-market rate loans to underserved small businesses in low-income communities. Financing for the fund included over $18 million in source loans, and approximately $8 million in federal NMTC equity.
  • Steel Processing Plant: Assisted with the representation of a steel processing company in connection with a nearly $10 million federal NMTC financing used to outfit and upgrade equipment at one of its plants in Mobile, Alabama. Worked with the Mobile Area Chamber of Commerce and the Mobile County Commissioners office to ensure local support for the project.
  • TriState Capital Bank: Assisted with the representation of TriState Capital Bank in its role as federal HTC investor in connection with various real estate development projects throughout the Midwest region.

Recognitions and Memberships

Memberships

  • Cleveland Metropolitan Bar Association
  • Ohio State Bar Association

Emerging Issues

Prior Positions

  • The Honorable Nancy A. Fuerst, Cuyahoga County Court of Common Pleas: Staff Attorney (2017 to 2018)
  • The Honorable Dan A. Polster, U.S. District Court, Northern District of Ohio: Judicial Extern (2014)

Admissions

  • Ohio

Education

  • J.D., Cleveland-Marshall College of Law, 2016, magna cum laude; Cleveland State Law Review, Managing Editor; CALI Awards for Excellence: Secured Transactions, Contract Law, Property Law and Constitutional Law
  • B.A., Ohio University, 2012