Commercial Real Estate · TIF Capital
Hageman Capital purchases developer-backed TIF bonds
Hageman Capital purchases tax increment financing bonds from commercial real estate developers, converting long term future increments into upfront capital available at the start of construction.
How TIF Works
How tax increment financing incentives convert to upfront capital.
Tax increment financing repays a developer over time from the new tax revenue a project generates. Hageman Capital purchases that future payment stream with balance sheet capital, so the capital is available at the start of the project rather than across its life.
The municipality approves a TIF
A municipality approves tax increment financing incentives to support the development, repaid over 10–30 years from incremental property tax revenue.
Hageman Capital purchases the bonds
Hageman Capital values the future payment stream and acquires the bonds.
Proceeds available at construction start
Proceeds are available upfront as deployable equity, financing the project at the start rather than receiving cash flow in arrears.
What We Do
Principal capital, committed from the balance sheet.
Hageman Capital invests its own balance sheet. Investment decisions are made in-house, which produces certainty of closing and terms shaped to a project’s timeline.
- Outright purchase of TIF and incentive bonds
- Flexible structuring across the capital stack
- Decisive diligence — most valuations returned within days
- Wide range of real estate expertise across the platform
Why Hageman
The scale of an institution. The speed of internal decision making.
Certainty of capital
Hageman Capital commits its own funds. There is no syndication risk and no financing contingency — only an internal investment decision and a closing date.
TIF is all we do
Tax increment financing is the firm’s sole business. That specialization produces sharper execution and fewer surprises at closing.
Aligned over the full term
Hageman Capital’s return depends on the project being delivered. Capital is structured to support project completion rather than to extract at the margins.
Track Record
Selected transactions.
Insights
Perspectives on incentive finance.
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Get Started
Upfront capital, starting with an indicative value.
Hageman Capital reviews project details and returns an indicative value, along with the structure and timeline required to close.