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Counsel

John M. Schmid

A successful affordable project is a win-win; it simultaneously benefits communities and clients.

My Approach

The lack of affordable housing is one of the biggest challenges of our time.  I believe it is possible to profitably tackle the affordable housing problem across our country.  I work with banks and other lenders to finance affordable multifamily housing projects, with an emphasis on low-income housing tax credit (LIHTC) projects, construction and bridge loans, permanent loans, forward loan commitments, and conversions.  My goal is to be a partner in these deals by pulling on the same rope as everyone else, and contributing value without over-lawyering.

On each deal, I bring to bear my technical knowledge of the law as well as an experienced, practical know-how to advise clients on deal structure, loan documentation, title and survey matters, and all the many out-of-the-box and tricky issues that are part and parcel of dealing with this type of valuable asset.  My favorite aspect of this practice is finding a way to get to “yes,” and there is nothing quite like the collective celebration when an affordable deal has successfully closed.

Outside of work, I love all things music, and you will often find me making noise in my home recording studio.  I also enjoy being outdoors and exploring the many Twin Cities parks and lakes with my wife.

Practice Areas

Honors & Awards

Minnesota Rising Stars

2020-present

Associations & Memberships

Minnesota State Bar Association

Hennepin County Bar Association

American Bar Association

Aeon

Volunteer

Minnesota Music Coalition