Crown Court Properties, Ltd. is a faith-based not-for-profit development company whose mission it is to preserve affordable housing that is at risk of being eliminated due to physical deterioration or conversion to market rate. By transforming run-down or neglected housing projects into quality multifamily homes, Crown Court Properties works to improve neighborhood stability and provide sustainable local investments.
Baker Tilly helped Crown Court Properties enter the affordable housing market more than ten years ago and continues to serve as their trusted advisor on the acquisition and preservation of properties in their growing portfolio. Our services include:
- Tax credit applications and underwriting
- Year 15 recapitalization
- Project conceptualization
- Identification of various sources of permanent debt, including tax-exempt bonds and subordinate financing
Listen as Vice President Menachem Rapoport describes the long-term relationship Crown Court Properties has with Baker Tilly and the ongoing value he sees from our housing transactions team.
“They crunch the numbers. They don't just look at the finances and the economics. They also have a deep knowledge and understanding of what the rules are,” Menachem explains. “I can say, several times that has kept us from taking a turn down the wrong road. Baker Tilly puts the pieces together and helps you see the path of how to do a deal right.”
For more information on this topic, or to learn how Baker Tilly real estate specialists can help, contact our team.