We have several projects in South Carolina that may qualify for Tax Credits. It may be possible to receive an allocation of up to 25% of the 1st Mortgage amount.The Tax Credits could be used to provide equity for the project or a subsidized interest rate on the loan. We are interested in an Equity Investor that will provide working capital for the projects, loan guarantees and any additional equity if required. A 7 year investment in the qualifying properties is required as a condition of the Tax Credits. A preferred return of 8% on Equity Contribution and 50% of the profit.
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