St. Leonard Center

St. Leonard Center Limited Partnership
8400 St. Francis Drive Centerville, OH 45458-
100 Units, New Construction, Elderly

Asset Manager Staff : Todd

Development Staff : Roy

Bedroom Mix
75 One-Bedroom Units, 25 Two-Bedroom Units

Narrative
St. Leonard Center has built on success with the construction of a new 100-unit facility on the existing Franciscan at St. Leonard retirement campus. Residents enjoy access to facilities located on the spacious 240-acre site, including dining rooms, supportive services and a chapel. The new facility replaces part of the existing housing.

Development Team

St. Leonard Center	Sponsor
St. Leonard Center	Developer
Miller Valentine	Builder/Contractor
St. Leonard Center	Management Company
St. Leonard Center I, Inc.	General Partner
Franciscan at Saint Leonard	Sponsor
Franciscan Home Development, Inc.	Sponsor

OEF Equity Fund Sources

OEF VI	$1,458,910.00
OEF IX	$290,305.00

Equity Fund Sources

Star Bank	$700,849.00
Key Community Development Corporation	$410,544.00

Total Equity Sources:

$2,860,608.00

Non-Equity Fund Sources

National City Bank	$1,150,000.00
Affordable Housing Fund	$245,000.00
Franciscan at Saint Leonard	$508,700.00
Montgomery County     (HOME)	$175,000.00
Ohio Department of Development     (OHTF)	$300,000.00
Total Non-Equity Sources:	$2,378,700.00

Total Sources:

$5,239,308.00

Financing Uses

Land Cost	$100.00
Building Acquisition	$0.00
Site Work	$250,000.00
Hard Construction Costs	$4,172,400.00
Soft Construction Costs	$347,494.00
Development Fee	$245,000.00
Construction Loan Interest	$85,355.00
Reserves	$0.00
Bridge Loan Interest	$138,959.00
Total Uses:	$5,239,308.00
Funds: OEF IX