Reduce Risk
Where the risk moves
A construction loan and a developer-backed TIF both add risk to a sponsor's balance sheet. Selling the bond moves the TIF's collection and timing risk to Hageman Capital and returns capital to the project, with less contributed equity.
- 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
Valuation
Valuation across a shifting regulatory landscape
Hageman Capital underwrites within the federal, state, and local rules governing the municipal bond market, so bonds are structured and valued correctly. That is what gives municipal partners confidence in the transaction.
- 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
What We Need
What a valuation requires
Plans and costs change, and the pro-forma changes with them. An indicative valuation requires the following:
- Real estate pro-forma
- Construction timeline
- Construction loan closing date
- Funding date
- Length of TIF incentive
- Project narrative
Financial Expertise
Financial expertise across the transaction.
Structuring
The team has decades of experience structuring bonds across multiple states. How the instrument is packaged determines the ceiling on what the incentive can deliver.
Tailored pricing and closing process
Hageman Capital structures and closes the TIF transaction in step with the construction loan closing, on the development's schedule.
Bond Value
How much is your TIF bond worth?
Hageman Capital provides an indicative range at no cost, based on project specifications and current rates.