Banking & Finance

Tax Credit Financing

The attorneys in Messerli Kramer’s Banking and Finance group have vast experience in assisting clients with tax credit-based financing. We have been involved in numerous transactions using various tax credit financing mechanisms including federal and state historic tax credits; low income housing tax credits; and new market tax credits. Our attorneys work on behalf of lender clients documenting various short and long-term tax credit structures, typically used with multiple layers of financing in a single transaction. Our in-depth knowledge and experience in the area helps us simplify the complex nature of next tax credit loan transactions for our clients.

Representative Experience

Represented lender in a $9 million federal historic, state historic and low income housing tax credit bridge loan transaction to a borrower as one of several layers of a $50 million loan to rehabilitate and construct a 144-unit multi-family housing project.
Represented lender in a $7.9 million state and federal historic tax credit bridge loan transaction to a borrower as one of several layers of a $33.5 million to rehabilitate and construct a mixed-use development consisting of 80 market-rate residential units and commercial space.
Represented lender in purchasing tax-exempt bonds from a municipality for use as a loan to borrower constructing 62 units of affordable senior housing; included a second loan in the amount of $2 million to bridge tax credit equity into the project.
Represented lender in a federal historic, state historic and low income housing tax credit loan transaction to borrower, using permanent and bridge loans, to acquire and rehabilitate a 120 year-old building into a multi-family affordable housing project.
Represented borrower in a complicated federal new markets tax credit financing project for its first charter high school in Minnesota, including contributions of allocations of credits from several lenders combined into a single leveraged loan structure and accommodation of additional revenue bond financing.
Represented multiple borrowers in historic and low income housing tax credit transactions for equity contributions into redevelopment projects which included tax increment financing (TIF) and PACE loan financing.