Historic Rehabilitation Credit Funds
Carlisle creates and manages high-yielding private investment funds for institutional investors. Our experienced underwriting and asset management teams seek to maximize tax credits, cash flow, residual proceeds for our clients through thoughtful transaction structuring and proactive asset management. Our portfolios include more than 60 multi-family residential, office, hospitality, retail, entertainment and mixed-use developments.
Representative Transactions
Client: National Bank
Historic Tax Credits: Est. $50 million
Asset: Mixed-use / office and retail
Description: Conversion of a former Macy’s department store into office, retail and food court along the Skyway system in the central business district. Completion expected in 2019/2020.
Client: Insurance Company
Historic Tax Credits: $1.4 million
Asset: Multifamily
Description: Conversion of a former cotton mill and subsequent office building into 25 luxury apartments known as “The Mill”. Received an award from the National Association of Home Builders for the “Best in American Living” best in adaptive re-use for a multifamily project. Completion occurred in 2015.
Low Income Housing Tax Credit Investments
Carlisle advises institutional investors in low-income housing tax credits (LIHTC) transactions through investment due diligence, transaction negotiation, and portfolio evaluation services. As a registered investment advisor, Carlisle also provides ongoing investment recommendation and portfolio management services. Our clients have invested over $3.5 billion in more than 90 investment funds, helping finance affordable housing in every state and territory.
Representative Transactions
Client: Insurance Company
Investment: $199 million
Asset: National LIHTC portfolio (single fund)
Services: Investment due diligence, transaction negotiation, risk-adjusted return modeling, property site visits
Client: Regional Bank
Investment: $8 million
Asset: Direct-investment LIHTC property
Services: Investment due diligence, transaction negotiation, document review, benefits modeling, property site visit
Client: Insurance Company
Investment: $165 million
Asset: National LIHTC portfolio (17 funds)
Services: Transaction sourcing and recommendation, Investment due diligence, transaction negotiation, document review, benefits modeling
Renewable Energy Tax Credit Equity Investments
Carlisle helps corporate and private investors to identify opportunities to invest in renewable energy tax credit projects. In doing so, we take into consideration your investment criteria including yield metrics, risk tolerance, timing, and ESG or social benefit goals. Our services include originations, partnership structuring, financial modeling, underwriting, due diligence, asset management, and disposition services.
For more information, contact:
Lisa Lyons, Principal
llyons@carlisletaxcredits.com
Tax Credit Equity Bridge Loans
Carlisle provides tax credit equity bridge loans (EBLs) to finance historic rehabilitation and low-income housing tax credit projects nationwide. EBLs leverage deferred tax credit equity installments from investors to finance real estate projects and are generally fully funded at closing.
- Competitive terms and rates
- Loans ranging from $2MM to $25MM+
- Bridge loans for both HTC and LIHTC projects
- Fully funded or draw-down
- Will bridge both deferred federal and state tax credit installments from investors
- National footprint
- Property use agnostic
