Strength in Securing, Structuring and Closing NMTC Financing
We work with clients to successfully navigate the New Markets Tax Credit Program, securing flexible financing for high-impact projects.
SB Friedman helps nonprofits, developers and expanding businesses access NMTC financing to support high-impact projects across the country. We have structured and closed over $4 billion in NMTC financing for nearly 300 projects nationwide, giving us the breadth and depth of expertise required to bring challenging projects to fruition.
Over two decades, we have built deep relationships with NMTC funders (CDEs), tax credit investors and other funders that allow us to bring together the optimal financing for each client.
Our Services Include
Securing NMTC financing by identifying the right CDEs and tax credit investors for each project and converting their interest into committed term sheets
Highlighting community impacts by developing customized materials that tell each project’s story in a compelling way and speak directly to CDE priorities
Maximizing the financial benefits by negotiating financing terms that increase the net subsidy generated by the NMTCs
Structuring transactions that efficiently combine NMTC with other sources, including debt from banks and CDFIs, state/local grants, historic tax credits, tax-exempt bonds, philanthropic grants, program-related investments, and more
Leading the closing process, identifying and resolving “gating” issues early and coordinating the deal team, documents and due diligence to keep closings smooth and efficient
Educating staff, boards and stakeholders on program dynamics, timing, deal structures and compliance requirements through hands-on training and education sessions
Providing post-closing compliance guidance for the seven-year compliance period, from loan servicing and impact reporting to the eventual unwind of the transaction
