New Markets Tax Credits may be the answer to bringing your real estate project to life in a distressed or rural community
If your business qualifies, you need an expert to navigate the complexities of NMTC-financed loans.
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Secure allocation for your project
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Maximize funding sources
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Minimize legal fees
Stay focused on the work you do best.
NMTCs are designed to help offset the cost of investing in distressed communities, thereby attracting developers who bring healthcare facilities, manufacturing plants, community centers, charter schools, grocery stores and more to communities where they are needed the most. But not every eligible project is attractive to CDEs. In order to benefit from the below-market interest rates and generous terms unlocked by NMTCs, real estate developers need an expert to guide them to the right CDEs and to navigate the complexities of this type of financing.
Sanders works with real estate developers to package and market their project to CDEs that have available allocation and to structure a favorable loan; negotiate; and assist with the closing process.
Here’s How We Do It:
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Confirm Project Eligibility
The NMTC Program provides an incentive for investment in “Low-Income Communities” (LICs), which are census tracts that meet certain poverty rate and population guidelines. Enter your project address here to confirm its eligibility.
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Connect with CDEs that have Allocation
NMTCs are awarded to certified financial intermediaries called Community Development Entities (CDEs), not to individuals or businesses. Sanders helps real estate developers package and market their projects to CDEs that not only have allocation but also invest in the area and type of project that is proposed by the developer.
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Access Capital From Multiple Sources
Sanders’ expertise is structuring sophisticated capital stacks that may include NMTCs, historic tax credits, low-income housing tax credits, SBA and USDA loans and more.
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Structure a Forward-Looking Loan
NMTCs can be unnecessarily restrictive if not structured properly. Sanders excels at structuring loans that minimize risk and maximize future growth potential.
Sanders partners with attorneys and leverage lenders to create efficiencies that reduce legal and transaction fees. Our expertise, however, does not eliminate the need for legal and accounting representation to ensure that all qualifications are met and guidelines are followed.