Sugar Creek Capital makes it easy for developers of affordable housing properties to access and benefit from state tax credits.
Developers trust our team to deliver the greatest value for state equity investments, while providing the flexibility to deliver an efficient, seamless experience. They appreciate our willingness to modify state equity investment requirements to mirror a federal syndicator’s process and terms, eliminating additional time and paperwork.
While our investment process is disciplined and rigorous, we’re not afraid to take on risk to ensure that our partners receive the greatest financial benefit.
And our team’s broad expertise and understanding of complex tax law issues equips us to offer ongoing guidance, quick turnaround and impeccable service throughout the relationship.
We pay well and match our terms to the developer’s chosen federal syndicator, eliminating the most significant difficulties in dealing with two equity sources. We also have a deep understanding of state and federal tax law and state housing agency practices regarding the state tax credit.
Sugar Creek invests in state credits in many states, though we primarily focus on affordable housing state tax credits in Colorado, Georgia, Hawaii, Missouri and Oklahoma.
Unlike state tax credit brokers, Sugar Creek invests our own capital in state tax credits and stands behind them with a guarantee provided by its state credit fund.
Our financial strength translates to more money per deal.
Because our in-house team understands state tax law and regulatory requirements, we can help developers spot tax issues and other traps that may not be obvious to their team.
We encourage you to expand your knowledge about this industry. Here are some resources that may help:
Facilitating a Rapid Transaction
Challenge: The developer had fewer than 30 days to find a new state tax credit investor after another investor backed out.
Solution: Sugar Creek Capital stepped in, matching the federal investor’s terms and due diligence process to facilitate a quick turnaround.
Result: Just 23 days after receiving an initial phone call about the situation, Sugar Creek Capital wired the state investor funds to the closing table.
Connecting New Partners
Challenge: Two weeks before closing a deal, a developer lost its federal syndicator partner because of an underwriting issue that a top-tier investor would not accept.
Solution: Leveraging its wide base of syndicator relationships, Sugar Creek Capital identified a partner that would be interested in participating in a transaction with this unique issue.
Result: The developer closed its deal on great terms with a new syndicator and built a productive long-term relationship as a result.
17 W. Lockwood Avenue St. Louis, MO 63119 p: 314-968-2205
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