Developers 2017-08-03T11:14:17+00:00

The benefits of New Markets Tax Credit (NMTC) financing to developers for real estate development are clear. NMTC financing fills the gap between the appraisal, bank lending limits and the costs of new construction, rehabilitation, acquisition, and project enhancements such as energy upgrades, specialized equipment or fit-up. NMTC-funded properties receive financing that involves more favorable terms and conditions than those the market typically offers and may include some of the following:

  • Below market interest rates
  • A longer than standard period of interest only loan payments
  • Higher than standard loan to value ratio
  • A longer than standard amortization period
  • More flexible borrower credit standards
  • Nontraditional forms of collateral
  • Lower than standard debt service coverage ratio
  • Subordination

As Vermont’s largest awardee with over 5 years of experience, VRV is recognized as an industry leader in the NMTC field. Our skilled Investment Team has the expertise to guide you to closing, and our professional Asset Management, Compliance, and Accounting Teams will see you through the life of your NMTC financing.