By Jeff Cotton, CEO of True Mountain Capital
Securing New Markets Tax Credit (NMTC) financing can be transformative for companies and organizations developing or expanding facilities in underserved communities. However, navigating the complexities of the NMTC program requires expertise, strategic planning, and the right partnerships. True Mountain Capital distinguishes itself as a leading consulting firm uniquely positioned to assist clients in obtaining NMTC funding.
With nearly $500 million in financing closed for approximately $750 million in project capitalization, True Mountain Capital brings over a decade of experience to the New Markets and Historic Tax Credit industry. This extensive experience aids clients in navigating the complex NMTC process effectively.
Comprehensive Approach to Financial Solutions
We employ a holistic approach to financial solutions, combining debt, equity, and tax strategies to meet the unique demands of each client. This approach ensures that every project is equipped to maximize potential subsidies appropriately aligned with the client's goals.
Our proprietary True Mountain Summit™ platform enhances efficiency by streamlining the sourcing, qualification, structuring, and management of all phases of project development. This technological leadership allows clients to successfully navigate the NMTC funding process with reduced complexity and increased chances of success. To obtain a detailed analysis of your project and a demo of Summit™ please use the following request form.
Tailored Consulting Services
True Mountain Capital offers a wide range of consulting services tailored to client needs. Our hands-on approach ensures active involvement from initial evaluation through project funding, construction and operations. Services range from initial eligibility and community benefits analysis, to financial structuring and modeling, to financial closing management and execution, as well as back-end whole loan trading.
Strategies for NMTC Success
To ensure success in obtaining NMTC financing, the following strategies are essential:
- Thorough Understanding of Eligibility Criteria:
- True Mountain Capital helps clients assess their projects against NMTC eligibility criteria, which include factors such as poverty rates, median family income and unemployment levels within the targeted community. We also offer a free online tool that allows clients to rapidly determine eligibility for each of these factors.
- Strategic Project Structuring:
- Proper structuring of projects is crucial to meet the requirements and attract investor interest. True Mountain Capital guides clients in structuring deals that maximize tax credit benefits while aligning with community development goals
- Collaboration with Local Stakeholders:
- Engaging local stakeholders, including community leaders and organizations, is vital for gaining support and ensuring that projects address real community needs.
- Effective Use of Data and Analytics:
- Utilizing data-driven insights to identify opportunities and optimize project impact is a key strategy. True Mountain Capital leverages data analytics and artificial intelligence to help clients make informed decisions throughout the NMTC process
- Long-term Vision and Sustainability:
- Focusing on the long-term sustainability of projects ensures lasting impact. True Mountain Capital emphasizes strategies that promote economic growth and community revitalization beyond the initial NMTC funding
Your Partner in the NMTC Funding Process
The NMTC process can be challenging and time-consuming, with timelines ranging from several months to over a year. Our expertise and hands-on approach provide clients with the guidance and support needed to successfully navigate this process, from understanding eligibility criteria to structuring projects for maximum impact.
True Mountain Capital is the ideal partner for obtaining NMTC financing with our unique blend of industry knowledge, comprehensive financial solutions, innovative technology, and commitment to community development. By choosing True Mountain, clients will gain a trusted partner in achieving NMTC funding success. For more information please contact us at True Mountain Capital .
Warm regards,
Jeff Cotton
President & CEO
True Mountain Capital, LLC
jcotton@truemountaincapital.com
(901) 347-7276