On Wednesday, a groundbreaking ceremony marked the beginning of the 12-month construction of the new NOCCA Forum.
NOCCA Forum Construction Commences with Festive Groundbreaking Ceremony.
Tax Credit Investors
Crescent Growth Capital closes books on first calendar year; over $180 million in tax credit financings during the course of 2009
Capping off its first calendar year of operations, Crescent Growth Capital closed seven transactions in December 2009, representing $95 million of New Markets Tax Credits financings. These end-of-year transactions, executed on behalf of entities in both Texas and Louisiana, brought CGC’s full-year total to over $180 million of tax credit financings.
“We feel fortunate to have had the opportunity to execute tax credit equity transactions on behalf of so many worthy entities this past year,” remarked Managing Director Eric Finley. “That we’ve been able to decisively contribute to helping realize better health outcomes, improved educational opportunities, and more effective social service delivery says a lot for the skills deployed by my colleagues, our consultants and the other parties to these complicated transactions.”
“Closing New Markets financings requires long-term collaboration across disciplines, and the flexibility to bend first one way, then another in the interests of getting across the finish line,” added Director Ryan Kenter. “Make no mistake, it’s a challenging business – but it’s truly fulfilling work.”
For more information, visit www.crescentgrowthcapital.com
Crescent Growth Capital opens its doors with New Orleans, Dallas locations
Crescent Growth Capital, LLC is pleased to announce its debut last month as a skilled provider of financial advisory services for tax credit financing. Its four principals, Eric Finley, Ryan Kenter, Ray Rabalais and Troy Villafarra, possess a combined total of more than sixty years of banking experience coupled with a particular expertise in structuring transactions involving the use of New Markets Tax Credits.
“Since 2005, my colleagues and I have collaborated to close over $380 million of New Markets Tax Credit financings. We anticipate our new venture helping to further broaden the successful application of this comparatively recently-established federal government tax credit program, which has already generated several billion dollars of investment in America’s most severely disadvantaged communities,” stated Managing Director Ray Rabalais.
Crescent Growth Capital encourages project sponsors, community development entities, banks, and potential tax credit investors to contact its principals to learn more about the benefit they may derive from tax credit equity.
For more information, visit www.crescentgrowthcapital.com