We underwrite the deal.Then we deploy the capital.

The first test on any assignment. Intake screening, feasibility and appraisal-gap analysis, sources and uses, absorption modeling, and credit-ready underwriting memoranda written for lenders, CDE investment committees, and boards.

Engaged by

Sponsors, lenders, CDEs, public agencies

Typical output

Underwriting memo, gap analysis, sources and uses

Stage

Pre-development through committee

Design of the full stack once feasibility holds. Subsidy layering, leverage-loan design, intercreditor and closing coordination across tax credit equity, bank debt, grants, and forgivable subordinate financing so a project that does not pencil conventionally reaches a closing.

Engaged by

Sponsors and developers

Typical output

Term sheets, structure memo, closing checklist

Stage

Structuring through closing

Transaction execution inside the New Markets Tax Credit program. QALICB formation and qualification testing, allocation sourcing, deal packaging, placement with allocated CDEs and tax credit investors, and CDFI Fund AMIS allocation and amendment requests.

Engaged by

Sponsors, allocatees, investors

Typical output

QALICB structure, allocation placement, AMIS filings

Stage

Allocation sourcing through compliance period

Federal, state, and city program work: BRNI, CL, CCG, BVRI, SSBCI, EDA, and the Maryland capital budget. Application strategy, agency negotiation, award documentation, and the reporting obligations that follow the money.

Engaged by

Sponsors, nonprofits, municipalities

Typical output

Applications, award agreements, compliance reporting

Stage

Application through award and compliance