Services Overview

New Markets Tax Credit and Debt Placement

$100M+ closed

25+ years

Operator & Advisor

Nonprofit • Finance • Community development

Transactions across NMTCs, debt, PRIs

CFO + Consulting experience

How NMTC Helps

The New Markets Tax Credit contributes new dollars to qualifying community projects in low‑income areas. In most cases it covers about 20–25% of total project cost. NMTC funds reach the project as a loan that is forgiven after seven years if the project stays in place, serves the community, and follows program rules.

Services

NMTC Advisory

(Assess → Structure → Secure → Close)

Rapid fit check: location, purpose, and project readiness

  • Capital plan: size the NMTC gap (typically 20–25%), sources & uses, and timeline

  • Structure: set up the right project entity and documents to qualify

  • Allocation path: package the project and engage allocation groups that award NMTCs

  • Leverage & bridge: line up affordable loans and grants to complete the stack

  • Close: coordinate the closing steps, flow of funds, and reporting setup

Debt Placement

Construction, permanent, and NMTC leverage loans

  • Bridge‑to‑grants and equipment financing

  • Program‑Related Investments (PRIs) and other impact‑aligned credit

  • Focused RFP process with aligned lenders

  • Side‑by‑side term‑sheet analysis and covenant review

Tech Center West at Crenshaw Lofts (SoLa Impact) — Workforce & Digital Training (Los Angeles, CA)

Role: Lead NMTC advisor to the sponsor (full‑scope).
Financing snapshot: Secured $29M in NMTC financing to support community and workforce development spaces.
MRC scope: End‑to‑end NMTC advisory—feasibility/eligibility; subsidy sizing & financial model; intake package & impact narrative; CDE targeting and outreach; investor/leverage‑lender coordination with term‑sheet analysis; closing preparation including flow‑of‑funds and NMTC accounting/tax setup.
Status: Completed.

Model Z — Modular Manufacturing (Los Angeles, CA)

Role: NMTC advisor and debt support to the sponsor.
Financing snapshot: Project financing included ~$19M in NMTC allocation and $6M in PRI—about $25M in catalytic capital.
MRC scope: Capital stack modeling; NMTC strategy execution; leverage/bridge support; closing coordination support; setup for draws/reporting.
Status: Completed.

Duchesne Academy — Education & Community Facility (Omaha, NE | In Progress)

Role: Lead NMTC advisor to the school.
Financing snapshot: Pursuing NMTCs as gap financing to reduce project cost
MRC scope: Capital stack modeling; CDE targeting and intake materials; financing structure development; internal readiness (cash‑flow updates, accounting setup for NMTC, draw procedures).
Status: In Progress (pending NMTC allocation and financing).

How MRC Delivers

Assess • Structure • Secure • Close

  1. Rapid Fit — verify location and use; quick NMTC gap sizing

  2. Bankable Plan — build sources & uses; schedule and funding map

  3. Structure & Diligence — set up QALICB; organize documents and approvals

  4. Allocation & Financing — prepare intake; run targeted outreach to CDEs and lenders

  5. Close — negotiate terms; coordinate flow of funds and closing checklist

Internal Readiness

(What MRC Manages with You)

  • Board approvals and calendars

  • Budget and cash‑flow updates

  • Accounting setup for NMTC

  • Reporting templates

  • Construction draw procedures

  • Roles, responsibilities, and timelines. This operator‑lens support keeps the team aligned through the Close.

Where MRC Focuses

  • Community facilities: service hubs, clinics, education and workforce centers

  • Manufacturing (including modular),

  • Rural facilities and mixed‑use with meaningful non‑residential and residential components