New Market Tax Credit (NMTC) Gap Financing Solutions

The New Market Tax Credit Program is a powerful tool in economic development and can serve as a difference maker in making your project successful. Key benefits of the new market tax credit financing solutions:

• Serves as Gap Financing

• Interest Only Payments During the First Seven Year NMTC Compliance Period

• Interest Only Payments Approximate 1.0 - 1.5% During First Seven Years

• Nontraditional and Favorable Terms and Flexible Underwriting Criteria

• Forgiven Loan Portion Forgiven At End of Seven Years

• Non-Forgiven Loan and Term Up to 40 Years

• Ability to Obtain Additional Financing (Based Upon Above Benefits)

For Profit and Non Profit Candidates for Borrowing with NMTC Financing:

• Manufacturing Operations

• Health Care Operations

• Grocery Store Operations

• Charter and Independent School Operations

• Mixed Use Projects

• Community Facility Operations

• Renewable Energy and Recycling Operations