Services OverviewCapital Project Planning, NMTC and Debt Placement
Capital projects · New Markets Tax Credit
$125M+ closed. $350M+ in transactions closed and in development.
Closed across NMTC, bonds, debt, PRI
$125M+
$350M+
Transactions closed and in development
Operator
25+ yrs
Nonprofit finance and community development
CFO + advisor experience
How NMTC Helps
New dollars for community projects
The New Markets Tax Credit brings new dollars to qualifying community projects in low-income areas, typically 15–25% of total project cost, depending on structure. 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
Rapid fit check: location, purpose, and readiness
Capital plan: size the NMTC gap, sources and uses, timeline
Structure: the right project entity and documents
Allocation path: package the project and engage CDEs
Leverage and bridge: affordable loans and grants
Close: closing steps, flow of funds, reporting setup
Debt Placement
Construction, permanent, and NMTC leverage loans
Bridge-to-grants and equipment financing
PRIs and other impact-aligned credit
Focused RFP process; term-sheet and covenant review
Selected projects
Closed · NMTC
Model Z 2.0
Los Angeles, CA
PROJECT DETAILS
Role: Full project consultant, NMTC (sponsor side)
Financing: $32M NMTC allocation (Greenline CDF $18M; New Markets Community Capital $14M)
MRC scope: NMTC strategy and structure; CDE outreach and securing allocation; closing execution
Impact: Working capital to build modules ahead of site construction; ~800 near-term units; 117+ permanent jobs
Status: Closed
Year: 2026
Closed · NMTC
Model Z (Round 1)
Los Angeles, CA
PROJECT DETAILS
Role: NMTC advisor and debt support to the sponsor
Financing: $19M NMTC allocation, alongside $6M PRI (~$25M catalytic capital)
MRC scope: Capital stack modeling; NMTC strategy; leverage/bridge support; closing coordination; draw/reporting setup
Impact: Build-out and equipping of the Watts modular factory
Status: Closed
Year: 2024
Closed · NMTC
Crenshaw Lofts — Tech Center West
Los Angeles, CA
PROJECT DETAILS
Role: Lead NMTC advisor to the sponsor (full scope)
Financing: The $29M NMTC allocation made the $105M project possible.
MRC scope: Feasibility; subsidy sizing and model; CDE outreach; investor/leverage coordination; closing and NMTC accounting setup
Impact: Workforce and digital training center within a $105M mixed-use development
Status: Closed
Year: 2025
Closed
Selected other closings
Consultant and sponsor‑side closings
$25M municipal bond financing
$18M Chicago-based nonprofit tax credit financing and acquisition closing
$7M program-related investments (PRIs) for organizations
$3M nonprofit financing
$10M additional nonprofit financing, consultant and sponsor manager
Status: Closed
Current NMTC pipeline
Project profiles available to CDEs and investors on request.
In development · NMTC
Southern California for-sale housing
Orange County, CA
PROJECT DETAILS
Role: NMTC advisor
Financing: ~$20M structure
MRC scope: NMTC structuring
Impact: For-sale townhomes; homeownership for households at ≤80% AMI
Status: In development
Year: 2027 pipeline
In development · NMTC
Chicago for-sale housing
Chicago, IL
PROJECT DETAILS
Role: NMTC advisor
Financing: ~$28M structure
MRC scope: NMTC structuring
Impact: For-sale housing on Chicago’s South / West Sides
Status: Structuring
Year: Allocation pipeline
In development · NMTC
Modular manufacturing campus
Orange County, CA
PROJECT DETAILS
Role: NMTC advisor
Financing: ~$20M structure
MRC scope: NMTC structuring
Impact: For-sale townhomes; homeownership for households at ≤80% AMI
Status: In development
Year: 2027 pipeline
In development · NMTC
Women’s and family shelter campus
Midwest
PROJECT DETAILS
Role: NMTC advisor
Financing: ~$30M NMTC structure for a ~$35M project
MRC scope: NMTC structuring and positioning
Impact: New women’s and family facility: shelter, healthcare, and wraparound services
Status: Positioned for next allocation round
Year: 2027
In development · Owner’s rep + NMTC
Youth wellness community facility
Sacramento, CA
PROJECT DETAILS
Role: Owner’s representative and NMTC advisor
Financing: ~$14M structure
MRC scope: NMTC advisory; owner’s representation
Impact: Clinical rooms, education wing, community gym for youth behavioral health
Status: In development
Year: 2027
How MRC Delivers
Assess • Structure • Secure • Close
Rapid Fit
Verify location and use; quick NMTC gap sizing
Bankable Plan
Sources and uses; schedule and funding map
Structure & Diligence
Set up QALICB; documents and approvals
Allocation & Financing
Intake; targeted CDE and lender outreach
Close
Negotiate terms; flow of funds and checklist
Working with you
(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.
Financing is half the work. MRC stays on through construction as owner's representative: draw management, budget control, and compliance to closeout. → Owner's Representation
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