Everyone needs an edge in today’s volatile real estate markets. Projects which once looked like a no-brainer may now be on the bubble. You may even be contemplating abandoning the project altogether.

We can help. Levenfeld Pearlstein’s Tax Credit Service Group focuses on assisting real estate developers in bridging the financial gap through tax credit financing. We have helped many clients and ultimately saved entire development projects by finding government credits that work toward the bottom line. We know our way around these complex credits and our ever-growing client list is great proof.

Our cross-disciplinary Tax Credit Service Group involves attorneys from our business, finance, real estate, partnership, securities, and tax areas so we can work quickly to get your project moving along. Our expertise enables us to provide clients with innovative solutions for complex problems and our experience also allows us to be extremely efficient throughout the entire process.

Our attorneys regularly structure transactions involving New Markets Tax Credits, Historic and Rehabilitation Credits, Affordable Housing Credits and Energy Credits. These credits play an vital role in the financing and development of historic preservation and affordable housing projects, as well as retail, industrial, office and mixed-use real estate in low-income communities.

The New Markets Tax Credit promotes investment in low-income communities by providing tax credits for qualified investments. Most clients never realize these funds might be available, but since qualifying areas are determined by the prior census, the areas that qualify are often surprising. Our attorneys have assisted clients in New Markets Tax Credit transactions involving hotels, shopping centers, community facilities, office space and mixed-use developments throughout the Midwest and nationally.

We have extensive experience in structuring Historic and Rehabilitation Credit transactions and bring a unique perspective to preservation matters as a result of our representation of the Landmarks Preservation Council of Illinois, a charitable organization dedicated to preserving historic structures in Illinois. We also regularly handle twinned transactions that combine Historic Tax Credits with New Markets Tax Credits.

Services

• Historic and Rehabilitation Credit transactions using direct and pass-through credit structures
• Structuring and preparing offering documents for tax credit syndications
• Structuring Leveraged New Markets Tax Credit transactions including preparation of Qualified Low Income Community Investment loan documents and leverage loan documents
• Structuring non-leveraged New Markets Tax Credit transactions including negotiation and preparation of loan documents
• Managing Twinned Credit transactions combining New Markets Tax Credits with Historic or Rehabilitation Credits
• Developing strategies for avoiding credit recapture in troubled credit transactions