Understanding the real estate asset is at the center of each TIF transaction. We first underwrite the real estate to determine the feasibility of the project and then determine the tax increment that can be generated from the real estate.
The Capital Provider for TIF
Hageman Capital provides upfront capital to real estate projects through the purchase of single-site, developer-backed, Tax Increment Financing (TIF) Bonds.
By purchasing TIF Bonds, we provide value for real estate developers & our communities.
Our approach to TIF monetization is unlike other investors. We partner with the public and developers to purchase TIF bonds and maximize cash proceeds available for investment into the projects.
Our expertise in real estate and TIF bond structuring combine to reduce risk and maximize proceeds for each project. As a result, we ensure the value created stays in the project, and the community.
$850+ MillionReal Estate Projects Incentivized
$500+ Millionin Real Estate Investments
$100+ MillionTIF Bonds acquired
Hageman Capital assists the development team to reach a structure and terms that maximize net bond proceeds. Our structuring approach foregoes the need for certain covenants (reserve funds, excess coverage, and accelerated amortization) commonly seen in other TIF transactions, which will limit upfront proceeds.
Hageman Capital will work with the development team in reaching an appropriate price. Our interest rate guidance provides a level of certainty on final proceeds unlike other capital providers. We utilize our decades of experience in providing General Partner and Limited Partner equity; as a result, we believe proposal and pricing is an active process, and a dialogue between partners.
There are many stakeholders for the real estate development team to manage during the TIF bond transaction. Hageman Capital assists the developers in the bond closing process so the developer can focus on working with their other partners in achieving a financial close of the entire project.
Hageman Capital was an integral partner of Buckingham for our Carmel Midtown AT&T project. They actively engaged in the process and identified potential pitfalls. Their contribution extended to generating creative solutions within the team and legal framework.
Beyond their professional involvement, Xiao’s relationship-focused approach fostered a collaborative atmosphere. As we look to the future, Hageman Capital has earned a top position on our list, being among the first to explore and assess our upcoming projects.
Christopher W. Myrvold
Chief Financial Officer & Head of Real Estate of Buckingham
Working with Hageman Capital to finance TIF bonds was a great experience, they made the process simple and transparent. We appreciate their partnership and willingness to solve complicated issues fairly and quickly.
Fede Boscaini, Director of Development & Finance of Gershman Partners
Working with Hageman Capital on our Carmel, IN project was a great process. We were able to successfully structure a unique financing arrangement to monetize our real estate tax incentive bonds. Their team took a partnership approach and looked for a win-win solution for both sides. We look forward to our next deal together!
Matt Cremer, Managing Principal of Tegethoff Development
Hageman Capital has found a niche in the real estate capital market by providing developers liquidity in the TIF bond market. The Hageman team is a fantastic partner because they not only understand real estate development but also have expertise in solving unique challenges. It is comforting to know the Hageman Capital team is there to provide capital, but just as important, assist in strategic decision making that helps make our communities a better place to live.
Justin Moffett, Founder of Old Town Companies
The Hageman team’s expertise in commercial real estate, TIF, and public-private partnerships has been an extremely valuable resource for our team. Having Hageman Capital as a financing partner also provides us a great deal of credibility with our investors, construction lenders, and municipal partners. They are a great group of people who care about how their involvement in a project can help achieve extraordinary outcomes for Rebar, our stakeholders, and the communities we serve.
Shelby Bowen, President & Partner of Rebar Development