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OnDemand Course

Combining New Markets Financing With Other Federal, State and Local Economic Development Incentives

Walk away knowing how to combine TIF, 108 Loans and USDA Loan Guarantees with New Markets Financing.

New Markets Financing is the most powerful Federal Economic Development Incentive in our tool box! Yet many fear the challenge of making it work. The goal is to get you to take the plunge to learn how to make it work. It will be worth the effort. Most New Markets Transactions will generate gap equity of 25% or more of the capital stack. This topic will show you how to how to dock into the Annual New Markets Allocation Cycle and pull it all together for the right projects.

Runtime: 89 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

New Market Tax Credit Basics

The Current Hot Projects Targeted by CDEs

The Current NMTC Allocation Timeline

Understanding the Challenge of Obtaining a Leveraged Loan

How to Structure the New Markets Transactions Loan Using Other Federal, State and Local

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on October 29, 2015.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Frank A. Hoffman

Frank A. Hoffman

Krieg Devault LLP

  • Partner at Krieg DeVault LLP
  • Leads the firm's Innovative Finance & Incentives Group
  • Concentrates his practice in creative and complex federal, state, and local incentive-based financing transactions for closely-held business organizations and nonprofits
  • Closed more than 15 New Markets Tax Credit Financing transactions that resulted in over $100M in NMTC Tax Credit Equity and funded over $430M in total Project Costs since 2005
  • Structured and closed two of the Top 100 New Markets Tax Credit Financing Transactions (Marion – Winterfield & Indianapolis – Hoosier Gasket) selected by the National New Market Tax Credit Coalition from over $30,000,000,000 in transactions closed during the first 10 years (2002-2012) of the Federal New Markets financing program
  • Can be contacted at 317-238-6240 or [email protected]
David M. Umpleby

David M. Umpleby

Krieg Devault LLP

  • Of Counsel at Krieg DeVault LLP
  • Practice focuses on structured financings involving the use of New Markets Tax Credits, federal Historic Rehabilitation Tax Credits, and various state tax credits, including the CReED Tax Credit, with an emphasis on transactions involving public/private financing of real estate development and operating businesses
  • Represented the issuer of private activity bonds in order to provide a credit enhancement for a $19 million hotel and waterpark development financed through a combination of New Markets Tax Credits, private bank debt, and bonds credit enhanced with TIF
  • Structured, negotiated, documented, and closed a $9.4 million “twin” New Markets Tax Credit and Historic Rehabilitation Tax Credit “combined” financing of mixed use facilities for two separate borrowers in two separate towns
  • Represented the project developer in a $23 million CReED tax credit financing of a manufacturing facility
  • Can be contacted at 317-238-6324 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 392712
Published 2015
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