Combining our tax, finance, partnership and real estate expertise, Applegate & Thorne-Thomsen professionals represent tax credit syndicators, direct investors, developers (for-profit and non-profit) and public agencies on a nationwide basis in all facets of transactions involving federal low-income, historic, new markets and renewable energy credits, as well as numerous corresponding state credit programs. At the outset of a transaction, we work with our client, the project accountant and other financial consultants to analyze the transaction structure. We prepare (or review) organizational and transaction documents and provide structuring advice and legal opinions to assure the tax objectives of the parties to the transaction are achieved.
At the local level, we represent developers who utilize tax credits, in combination with other federal, state and local incentives, to develop affordable housing and other community assets, including schools, health care clinics, job training facilities, as well as commercial and retail developments that stimulate jobs and economic growth. Depending on the nature of the project and the client’s objectives, we sometimes work with our client to successfully combine different types of credits for one project.
On a nationwide basis, we represent tax credit syndicators and direct investors in their initial investment in tax credit projects, as well as secondary market transactions involving the re-syndication of ownership interests. Working with our syndication and investor clients, we have an efficient, comprehensive and timely approach to the review and evaluation of the tax, real estate and financing aspects of each investment. We utilize the latest in internet technology to keep and maintain a portal for clients to coordinate the due diligence process. Our practice includes not only initial involvement with transaction structuring and closing, but ongoing representation of developers and investors throughout the life of the investment. We often work with our clients on disposition and recapitalization strategies.