Developers
Your Partner in Development
Providing Lending Solutions for Tax Incentives or Historic Tax Credits
Untamed Equity provides developers with the tools to get projects to the finish line. Our Tax Increment Financing (TIF) Monetization loan program and Historic Tax Credit (HTC) bridge lending program are geared toward helping developers bridge gap equity.
TIF districts were originally created to renew slum and blight areas in cities around the United States. Many successful projects have been completed by leveraging TIF funds, from innovative historic renovations to groundbreaking public infrastructure improvements.
Generally, we monetize 3 types of TIF loans: 1) Pay-As-You-Go rebates 2) TIF Notes or Developer Notes and 3) Revenue Obligation Bonds. All of these types rely on the source of repayment being generated from property tax and sales tax increment rebates.
As for Historic Tax Credits, we can bridge both Federal and State tax credits throughout the country. We understand the complex ownership structures for these projects and provide a one stop solution for niche products.
Services for Developers
Consulting Services to Maximize your TIF Incentives
Consulting Services to Facilitate Asset Management of Complex Financing Structures
Monetization of TIF Incentives
Historic Tax Credit Bridge Lending
Bridging the Gap Equity
It’s a known issue in the commercial development industry that the lack of equity needed to close project funding can often cause deals to be delayed or to eventually fall through. That’s why the Untamed Equity team specializes in monetizing tax incentives and bridging historic tax credits throughout the country.
By utilizing a TIF monetization loan or an HTC bridge loan, developers can fund equity in their current project in order to bridge the gap and finish construction.
The Benefits
Tax Increment Financing for Developers
How can TIF monetization loans benefit the commercial developer?
No Out-of-Pocket Investment
Instead of putting in your own money to fund the project, you’re putting in our partners’ money. The TIF loan reduces upfront cash requirements, and in turn, you can use that equity to build your capital stack, creating larger and quicker returns on investment.
Invest in larger incented projects
The funds received from TIF monetization on one project doesn’t have to go right back into the same project; instead you can use them to invest in other projects. You can also free up value trapped in incented stabilized projects for use in an unrelated project.
Push projects toward the finish line faster
Monetizing TIF allows developers a viable opportunity to get projects completed. And not only are the projects more likely to happen – they’re more likely to happen much faster and more efficiently than they typically would.
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Learn More about TIF Benefits for Developers
Get started
Ready to turn TIF funds or HTC into cash up front?
Would you like to know more about how TIF monetization or HTC bridge loans could be used for your next project? Untamed Equity’s team is ready to partner with you.
Not only will we structure the deal and originate the loan with a trusted financial institution, we will work with you every step of the way to service the project until the loan is paid off. Our knowledge comes from years of experience in banking, commercial lending, and economic development.
We understand the challenges that developers face, and our expertise allows us to structure the most strategic deal for you and consult on the project along the way.
Our Services
How We Help
Loan Origination
Untamed Equity will analyze an HTC or TIF project to create a loan structure tailored specifically to your needs. We will partner with a financial institution to hold the loan and collect all documentation through the loan closing.
Loan Servicing
Until the loan is paid off, Untamed Equity will maintain a strong relationship with the developer. We’ll manage any communications between the financial institution and the developer, perform annual reviews, generate statements, and ensure a seamless experience for everyone.
Loan Renewal
As renewals are needed, Untamed Equity will lead negotiations, update underwriting, facilitate investor approval, and document the renewal.
Asset Management Consulting
Untamed Equity will assist you by modeling property management financials, assisting in property management budgeting, and discussing high level exit strategies.
TIF Consulting
Let us be your liaison with municipalities, so you can focus on development. We review hundreds of development agreements each year from municipalities across the country. Untamed Equity can help optimize your incentives, enhance your development agreement, and verify TIF calculations.
HTC Bridge Lending
HTC and TIF enhance a project when the TIF eligible costs are tied to rehabbing “slum and blighted” areas. With a historic rehab, your TIF eligible costs are greater, as well as your incentives. Untamed Equity will help you fill the capital stack, avoiding multiple lenders, potentially saving money, relieving headaches, and much more.
Next steps
What we need to get started for TIF Loans
Two items are needed for us to present a term sheet for a TIF loan:
Development Agreement draft or final version
Projections of the property tax or sales tax figures
Next steps
What we need to get started for HTC Loans
Two items are needed for us to present a term sheet for an HTC loan:
Draft of Projections with the total QREs (Qualified Rehabilitation Expenses)
Letter of intent from the tax credit investors
Let's talk.
Contact us today to learn how we could help with your next project.
