We Get Bonds & Tax Credits.

We understand what is needed to assist lenders in making sure borrowers will qualify.

 

 

 

Tax Credit Finance and Bonds

Rosenberg Martin Greenberg’s Real Estate Finance Group has considerable experience representing lenders in structuring and documenting financing of construction and development projects involving multiple sources of financing, including transactions involving commercial real estate designated as certified historic structures.

In addition, attorneys in this group have represented lenders on mixed-use real estate development projects involving a variety of financing sources and unique methods of securing loans, including the use of:

  • Federal Historic Rehabilitation Tax Credits
  • New Market Tax Credits
  • Tax Increment Financing (“TIF Bonds”)
  • other state and local funding options

Tax credit financing

Economic downturns and unfavorable credit market conditions in recent years have continued to generate intense interest in a wide range of alternative financing methods for capital projects. The team of tax credit finance attorneys at Rosenberg Martin Greenberg stand ready to represent lenders, investors and others wishing to utilize these opportunities as means to improve not just their own bottom lines, but also their communities.

Federal historic tax credits

The federal Historic Preservation Tax Incentives program provides tangible benefits for developers by way of a 20 percent tax credit for the rehabilitation of certified historic structures, a 10 percent credit for rehabilitation of non-historic structures put into service prior to 1936, and other potential tax benefits for developers willing to grant historic preservation easements on or around assets slated for development.

Obtaining the benefits of these programs can be a complex undertaking, and therefore it is wise for lenders or developers to consult with attorneys experienced in assisting with such transactions. Toward that end, RMG attorneys can negotiate exit strategies, master leases, up-front agreement structuring and necessary partnership and operating agreements that ensure fulfillment of our clients' critical objectives.

New market tax credit programs

Another crucial method of facilitating development and economic growth during difficult financial times is known as the New Markets Tax Credit (NMTC). This vehicle is intended to boost capital in-flow to lower income rural and urban communities and businesses by offering tax benefits to private entities willing to invest in them. Investors can receive a substantial tax credit, but the necessary negotiations leading to a successful transaction can be complicated and highly detailed, making the help of seasoned tax professionals truly invaluable to investors, leverage lenders, community development organizations and business enterprises alike.

The attorneys of Rosenberg Martin Greenberg regularly serve as counsel for NMTC-involved transactions, providing:

  • Guidance on transaction structuring, identifying available incentives and finance sources and risk aversion strategies
  • Issuance of opinions for tax credit investors and other interested entities
  • Negotiating, structuring and documenting all compliance requirements and credit provisions
  • Consulting on state and federal reporting requirements
  • Formation of community development enterprises and completion of all required NTMC allocation applications
  • Documentation of loans and investments and coordination of transactions and necessary closings

Construction loan financing & tax exempt bonds

Rosenberg Martin Greenberg routinely represents parties to transactions involving taxable and tax-exempt bond financing throughout the Mid-Atlantic region, standing ready to serve as bond counsel, bond purchaser counsel and underwriter counsel in a range of construction contexts encompassing housing construction projects, stadium and theater construction, hospital expansions, downtown redevelopment initiatives and more. Whether offering stand-alone representation or as a supplement to existing in-house general counsel services, our team can render the comprehensive assistance developers and construction loan lenders seek when project stakes are high.

We at Rosenberg Martin Greenberg are committed to facilitating transactions that hold tremendous promise not just for developers, but for the entire region. We invite you to contact us to learn more about how we can help with your historic rehabilitation tax credit, tax increment financing, new market tax credit or other construction loan finance project in Virginia, Maryland, Delaware, DC or elsewhere in the Mid-Atlantic region.

Bonds and Tax Credits Team

The Latest from the Knowledge Center...

Rosenberg Martin Greenberg Welcomes Four New Attorneys

September 9, 2021

Rosenberg Martin Greenberg is pleased to announce the addition of  Bryan K. Saxton, Brooke A. Hutchins, Drew E. Tildon, and Thérian (Jung Yong) Lee. Barry Greenberg, RMG’s Managing Partner and head of the Firm’s real estate practice group, said: “Our new attorneys add additional depth to multiple practice groups within the firm and are eager to work…

Seventeen Rosenberg Martin Greenberg, LLP Attorneys Selected for Inclusion in Baltimore Best Lawyers in America in 2022

August 23, 2021

Rosenberg Martin Greenberg, LLP is proud to announce that 17 of its attorneys have been selected by their peers for inclusion in the Best Lawyers® in America 2022 List, to be featured in U.S. News & World Report. Best Lawyers® is a respected peer-review publication in the legal profession which has been published for over…

Rosenberg Martin Greenberg, LLP Welcomes Seven New Attorneys During Pandemic of 2020-21

April 12, 2021

Rosenberg Martin Greenberg is pleased to announce the addition of our “COVID class” of seven new attorneys to the firm during the past 12 months. We would like to welcome Christina “Chrissy” Bolmarcich, Brett F. Baldino, Jeffrey S. Greenberg, Gabrielle D. Shirley, Jessica L. Duvall, Robert M. Berman and M. Ari Storch. Barry Greenberg, RMG’s Managing Partner and head of the Firm’s real…

Nineteen Rosenberg Martin Greenberg Lawyers Honored by Maryland Super Lawyers® in 2021

December 15, 2020

Rosenberg Martin Greenberg is proud to announce that nineteen of its attorneys have been selected for inclusion in the 2021 edition of Maryland Super Lawyers®. The firm’s attorneys who have been selected include Benjamin Rosenberg, Gerard Martin, Barry Greenberg, Gerard Gaeng, Andrew Baida, Louis Ebert, William Hallam, David Wyand, Caroline Hecker, Charles Curlett, Jr., and…

Rosenberg Martin Greenberg LLP Ranked in 25 Practice Areas in 2021 “Best Law Firms” List

November 5, 2020

Rosenberg Martin Greenberg LLP is pleased to announce that the firm has been ranked in the 2021 U.S. News – Best Lawyers® “Best Law Firms” list nationally in 6 practice areas and regionally in 19 practice areas. Firms included in the 2021 “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings…

Consumer Lending Laws May Be A Trap For Even The Wary

October 5, 2020

It is no surprise to anyone involved in consumer lending that laws designed to protect consumers from inception of the loan relationship through collection of the loan following default vary greatly from state to state and even by loan type within a state. Not staying on top of these variations can get even an experienced…

Rosenberg Martin Greenberg, LLP Elects Five New Partners

September 16, 2020

Rosenberg Martin Greenberg, LLP is pleased to announce the election of five of its attorneys as partners of the firm, effective September 10, 2020. The new partners are R. Kelvin Antill, Adam D. Baker, Jamar R. Brown, John A. Carpenter, Jr. and Jeffrey M. Lichtstein. “I am very proud of our new partners, all of whom are exceptional people and highly…

Building Black-Owned Business in Baltimore

July 10, 2020

The protests engulfing the country over the last month have not only raised overdue awareness of the criminal justice system, but that they are just a symptom of the legacy of government policies and institutional practices that have advanced and perpetuated racial inequality. As a Baltimore-based law firm, we have reflected on ways that we…

June 4, 2020

Clowns Congress to the Left, Jokers the SBA to the Right, Here Business Owners and Banks Are, Stuck in the Middle of Impending Conflicts Created by the Paycheck Protection Program By Brian J. Crepeau and Brandon N. Mourges In March 2020, Congressional leaders “got the feeling that something ain’t right.”  Mass hysteria was building and…

Rock, Paper, Scissors: Virginia Supreme Court Adopts Partial Subordination Rule to Interpret Subordination Agreements

February 11, 2020

Everyone is familiar with the “Rock, Paper, Scissors” method of resolving disputes where scissors cut paper, paper covers rock, and rock breaks scissors.  In Futuri Real Estate, Inc. v. Atlantic Trustee Services, the Virginia Supreme Court had to decide whether a Subordination Agreement in which the first lienholder agreed to subordinate its lien to the…