WHAT WE DO
Forest Road is a senior-secured lender against state and federal tax credits in the historical rehabilitation space. We are the only national tax credit firm to offer fully-integrated tax credit services and financial products to developers of historic properties. We help you with:
State Tax Credit Purchasing
Federal Tax Credit Investing
Bridge Lending against both Federal and State Credits
Historic Qualification Assessments
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.