Finding the Sweet Spot Today in Historic Credit Deals
By Caitlin Jones
1 min read
Tax Credit Advisor — November 2010 ““ What’s the “sweet spot” today in the historic tax credit rehabilitation world? Which projects are getting funded and developed? “Smaller transactions are being done; we’re not seeing as many of the large deals these days,” says Charlotte, N.C. CPA Jonathan Gross, of Reznick Group. “Twinning with new market credits is a good combination. Or sometimes we have a smaller project with a well-capitalized developer, or who has balance sheet to be able to pay the debt; that’s also a good combination.” He adds, “It seems like balance sheets are driving the day in this arena. Otherwise debt may be hard to come by.” Read More…
