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Syndication Leasing Structures How Tax Credits Become Capital: When and How to Syndicate Panel USING HISTORIC TAX CREDITS IN NEW YORK June 24, 2009
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Tax Credit Investor LLC Tax Credit, LLC (Property Owner) Tax Credit, LLC (Property Owner) Tax Credit Investor Single Entity Structure Tenants Rental Payments Construction/ Perm Lender Managing Member (Developer Affiliate) Managing Member (Developer Affiliate) Historic Tax Credit Equity 99.99% Credits, Profits & Losses and Cash Flow Loan Proceeds Debt Service Payments.01% Credits, Profits & Losses, Fees and Cash Flow Developer Equity Developer Dev. Fee
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