New Markets Tax Credit Financing
The Central Valley NMTC, LLC (CVNF) uses its New Markets Tax Credit (NMTC) Allocation to make investments into catalytic community development projects located within qualifying low-income census tracts throughout the Central Valley of California.
CVNF structures each of its NMTC investments to provide the maximum financial benefit to the project and project Sponsors. CVNF's investments are typically structured to have one or more of the following characteristics:
- Debt with equity features (i.e., debt with royalties; debt with warrants; convertible debt)
- A longer than standard amortization period
Alternative Funding Sources:
CVNF can also help developers and project sponsors identify and access alternative project finance mechanisms, such as government and foundation grants and below market loans. These sources of financing help high-impact projects move forward. CVNF will also help developers access attractive market rate debt and will leverage its strong relationships with many small- to mid-size local banks and large multinational lending institutions to complete project financing