Investor Services

NTCIC’s acquisitions managers identify potential investment opportunities and assess project readiness and qualification. Team members focus on multi-state territories and cultivate relationships with project sponsors, developers, and quality referral sources.

Once an investor has approved the pre-qualification information, NTCIC will negotiate terms with the developer, engage counsel on behalf of the investor and manage the closing process. NTCIC reviews all diligence items, underwrites all key terms, and obtains approval of the Investment Committee of the Board of Directors prior to recommending to an investor for final approval.

Following the financial closing of the transaction, NTCIC’s asset management team will be the liaison between the investor and the development team until the transaction exit. Immediately following closing, the team will gather and assess information related to subsequent funding benchmarks. The team will conduct site visits both during construction (or solar installation) and during the operations of the project.

NTCIC can serve as managing member of funds that aggregate multiple investments. In addition to non-fund asset management services related to individual projects, NTCIC’s fund management responsibilities include preparing necessary quarterly and annual tax and accounting returns and reports as well as quarterly watch list and annual fund performance reports. For NMTC transactions, NTCIC also serves as loan servicer. In the event that a project is struggling, NTCIC will lead workout or restructuring efforts.

At all phases of the transaction, NTCIC focuses on eligibility and compliance with the tax credit requirements. NTCIC interfaces with regulators such as the National Park Service or CDFI Fund on a regular basis and through our management team’s leadership roles across the tax credit industry, we continually refine our expertise. NTCIC’s asset management staff includes a dedicated New Markets Tax Credit Compliance Officer who monitors CDE and QALICB compliance with all NMTC regulations.