Stephen M. Seidel

Stephen M. Seidel

Shareholder

Practice Groups: Housing and Tax Credit Finance

888 SW Fifth Avenue, Suite 1250
Portland, OR 97204
Tel: 503.972.9927 | Fax: 503.972.9947
Email: SSeidel@BatemanSeidel.com
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Steve is a founding Shareholder in Bateman Seidel Miner Blomgren Chellis & Gram, P.C. Steve’s practice consists of representing lending institutions, syndication companies, investors, government agencies and developers in the financing and development of multi-family residential housing. Steve concentrates in the area of affordable housing development and has significant experience in transactions financed with tax-exempt bonds, low-income housing tax credits (LIHTC) and other government subsidies. Prior to forming Bateman Seidel, et al., Steve was a partner in the Portland Office of Preston, Gates & Ellis LLP.

Education & Credentials
J.D., cum laude, Northwestern School of Law of Lewis and Clark College, 1988
B.S., Colorado State University, 1983

Bar Admissions
Oregon
Washington

Prior to joining Preston, Steve was the risk management officer for PNC Bank’s Affordable Housing Segment and senior vice president of the Bank’s wholly owned subsidiary, PNC MultiFamily Capital where he held positions as director of underwriting and director of asset management. Steve was also a partner at Miller Nash LLP. Collectively, Steve has over 15 years of experience in LIHTC transactions and has been involved in hundreds of transactions. The following is a representative sample of transactions that Steve has been involved with:

  • represented investor in the portfolio acquisition of existing LIHTC projects
  • represented syndicator in the acquisition and sale of various LIHTC projects
  • represented investor in various upper-tier fund investments including guaranteed fund investments
  • represented investor with the direct investment in various LIHTC projects
  • represented investor in the acquisition of syndicated LIHTC projects
  • represented syndicator and investor in various workouts of troubled LIHTC projects
  • represented construction/term lender in financing LIHTC projects
  • represented investor in upper-tier bridge financing
  • represented term lender in securitized financing transactions
  • represented letter of credit provider in financing LIHTC and tax-exempt bond projects
  • represented developers in various projects including:
    • development of the air space over an existing structure
    • multi-phased/mixed-use projects
    • assisted living with LIHTC and tax-exempt bonds
    • special needs housing
  • represented state housing agency in connection with its LIHTC program

PUBLICATIONS

Contributing editor to Practitioner Publishing Company’s Guide for Construction Contractors, Oregon state law reporter to Prentice Hall’s Limited Partnership Laws, Oregon state law reporter to Prentice Hall’s Limited Liability Company Laws, Contributor to Oregon State Bar Association’s Practitioner’s Guide to Oregon Real Estate Law.