Project Analysis
Streamlined project analysis
Hageman Capital's diligence is built specifically for TIF transactions: real estate underwriting condensed to what the bond valuation requires, without the timeline of a conventional process.
- Outright purchase of TIF and incentive bonds at competitive valuations
- Flexible structuring across the capital stack, from senior to gap funding
- Decisive diligence — most valuations returned within days, funded in weeks
- Discretion and continuity from first call through closing
Feasibility
Feasibility across asset classes
Urban development carries requirements — affordable housing, infrastructure, public improvements — that a project must absorb. TIF offsets them, and monetizing the bond converts that offset into capital. Hageman Capital purchases bonds across:
- Multifamily
- Mixed-use commercial
- Industrial
- Retail
- Hospitality
Developer perspectives
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, 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.
Shelby Bowen, President & Partner, Rebar Development
TIF Districts
TIF districts and municipal incentives
Municipalities create TIF districts to target zones for major development. Anchored by “but for” findings, these incentives bridge the financing gap — providing capital upfront while minimizing the equity developers must contribute.
- Outright purchase of TIF and incentive bonds at competitive valuations
- Flexible structuring across the capital stack, from senior to gap funding
- Decisive diligence — most valuations returned within days, funded in weeks
- Discretion and continuity from first call through closing
TIF Value
Indicative TIF valuations.
An outright sale delivers the incentive as capital at closing, lowering contributed equity and improving project-level returns.