WHAT WE DO
We are inspired by those who put heart and soul into making blueprints a reality, and we want to support and enhance this process. Forest Road is the only national tax-credit firm to offer fully-integrated tax-credit services and financial products to developers of historic properties. We work with developers to provide the necessary funding, resources, and services for important and challenging historic preservation projects.
Our seamless loan process allows for immediate distribution of funds to you or your subs, and in most cases, our capital counts as your own equity to support a construction loan from a bank. Developers are the catalyst for historic preservation, and we're here to fuel the fire. Let us help you plug the hole in your construction budget, so you can focus on bringing your vision to life.
W E H E L P Y O U W I T H
STATE TAX CREDIT SALE
We buy your credits directly, no middle man. In the case of refundable credits, we help you obtain your state refund quickly and efficiently.
FEDERAL TAX CREDIT INVESTING
We invest in your tax credits directly.
BRIDGE LENDING AGAINST BOTH FEDERAL AND STATE CREDITS
We can lend you tax credit dollars for use in construction, long before the proceeds of your state and federal credits are available.
ACQUISITION AND PRE-DEVELOPMENT FINANCING
In some cases, we are able to provide initial funds necessary for purchasing property, creating architectural plans, and other pre-development work (including financial projections and federal and state tax credit applications).
HISTORIC ADVISORY SERVICES
We bring the best historic advisors in the industry to help your project qualify for all available incentives.
Over the last three years, the principals and managers of FRC have transacted more than $45MM worth of state historic rehabilitation tax credits earned on dozens of projects across multiple states. These projects account for more than $180MM in qualified spending. They are also currently managing 21 active projects that are expected to incur more than $166MM in qualified spend, generating $38.4MM in state credits over the course of the next 18 months.
WHAT IS A HISTORIC TAX CREDIT?
In 1976, a law was put into place so that the Federal Government could offer a tax credit to real estate developers who rehabilitate and preserve historic structures in the US. In the last ten years, individual states have begun competing with one another to enact similar programs to attract investment, jobs & tourism within their borders.
Today more than 30 states offer corresponding state historic credits (“SHC”) with more than $1 billion awarded last year.
FHCs & SHCs have become an integral part of the financing structure of many large scale real estate redevelopment projects. It now represents a $9 Billion industry. Yet, the industry is underserved from a financial perspective.