We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byAmelia Hoffman
Modified over 3 years ago
Syndication Leasing Structures How Tax Credits Become Capital: When and How to Syndicate Panel USING HISTORIC TAX CREDITS IN NEW YORK June 24, 2009
The Rehabilitation Tax Credits Internal Revenue Code Section 47
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
Tax Credit Investor LLC Master Tenant, LLC (Master Tenant) Master Tenant, LLC (Master Tenant) Landlord, LLC (Property Owner/Lessor) Landlord, LLC (Property Owner/Lessor) Master Lease/Credit Pass-Through Structure Sub-Tenants/ End Users 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 >50% Profits & Losses, Fees and Cash Flow Pass-through of Historic Tax Credits & Share of Residual Lease Payment & Equity Investment <50% of Landlord Profits & Losses
Andrew Potts, Esq. 401 9 th Street, NW Suite 900 Washington, DC 20004 202.585.8337 202.585.8080 (Fax) firstname.lastname@example.org Thank You
Historic Preservation Tax Credits The Next Level: “Master Tenant” Syndication.
Reznick Group Building Business Value 0 Property Owner Tenants Rent SINGLE ENTITY STRUCTURE.
Using Historic Tax Credits in New York Combining HTCs and NMTCs Wednesday, June 24, 2009.
Historic Tax Credits for Developers: A Guide to Syndication and Beyond 10:45am – 12:15pm Thursday, February 8 Combining Historic Tax Credits and New Markets.
Laying the Foundation: The Basic Tax Rules Governing HTCs Historic Tax Credit Developers Conference February 5-6, 2009 Miami Beach, Florida Presented by.
Laying the Foundation: The Basic Tax Rules Governing HTCs NCSHPO/National Historic Tax Credit Conference September 24, 2008 Chicago, IL Presented by Daniel.
Midwest Lenders Association Conference Federal and State Tax Credit Programs October 13, 2015.
How Credits Become Capital: When and How to Syndicate Incentives for Historic Preservation in Detroit Thursday, June 5, 2008 The Detroit Athletic Club.
Historic Tax Credit Equity Syndication Basics Historic Tax Credit Developers Conference Thursday, February 5, 2009 Miami Beach, Florida.
HTC Deal StructuresStep by Step IPED HTC Developers Conference February 8, 2008 Mark Einstein.
Developing Imaginative Strategies for Higher Education Institutions to Capitalize on the New Markets Tax Credit Program June 28, 2007 Robert Fenning, Old.
By: Merrill Hoopengardner, Esq. and Aleks Frimershtein, Esq.
MODULE 10 Basic Premises w Risk/Return analysis is critical to establish project feasibility w Financial and ownership structures affect participants’
How Credits Become Capital: When and How to Syndication Incentives for Historic Preservation in Seattle Conference Thursday, July 12 Seattle, WA.
Tax Credits Vs. Cash Grants In Renewable Energy Deals Speakers Anita Molino – Bostonia Partners LLC Tony Grappone – Novogradac & Company LLP Moderator.
1 CRITICAL TAX ISSUES IN TODAYS HOUSING TAX CREDIT TRANSACTIONS: DEFERRED DEVELOPMENT FEES San Francisco, California July 24-25, 2008 Molly R. Bryson.
Michael J. Goldman, Esq. Donald Nimey, CFA, FRM Daniel J. Smith, CPA.
Advocacy Update Using Historic Tax Credits in New York City Wednesday, June 24, :00 pm New York Athletic Club - New York, New York.
Using Historic Tax Credits in New York Joel Cohn, CPA Reznick Group
Asset Management of Debt and Equity Investments Presented by: Armando Pérez Principal, Director of Asset Management.
© 2017 SlidePlayer.com Inc. All rights reserved.