Financing Solutions to Help Build Communities

For many Americans, the dream of a safe, decent home means a safe, decent apartment they can afford. That’s why Bulls Capital Partners is committed to the creation and preservation of affordable rental housing for low- and moderate-income families. We provide debt financing on a national scale.

Financing ranges from less than $1 million to over $100 million for most types of multifamily properties: suburban garden apartment complexes, urban high-rises, new construction, renovation of existing properties, rural housing, and subsidized housing.

Through relationships with lenders, developers, tax credit syndicators, nonprofit organizations, housing finance agencies, foundations, and federal, state, and local governments, Bulls Capital Partners offers a variety of financing solutions to help increase the availability of affordable rental housing.   Click here to download a printable version of our Affordable Products sheet.

Debt Financing Solutions

• Forward Commitments provide a dependable source of liquidity for new construction and substantial rehabilitation of moderately priced rental units with or without rent or income restrictions. A forward commitment locks in a fixed rate for permanent financing at the start of construction, so developers know their debt service in advance of completion. There are no geographic or loan size limitations.

• LIHTC Debt Financing: Bulls Capital Partners is an excellent source of long-term financing or refinancing for stabilized rental properties with rent and income restrictions generally in accordance with the requirements of the Low Income Housing Tax Credit program.

Bond Credit Enhancements and Direct Purchases

To encourage the development of affordable properties that otherwise may have difficulty accessing tax-exempt financing, our partner, Fannie Mae, guarantees the timely payment of principal and interest on tax-exempt and taxable bonds issued to finance multifamily housing developments.

Credit enhancement is provided during both the construction and permanent loan phases for new or rehabilitated properties as well as for refunding issues and bonds issued to finance the acquisition of existing properties. Bulls Capital Partners can also replace an existing credit enhancer, without refunding the bonds, if permitted by the bond documents.

Bulls Capital Partners provides credit enhancement for fixed-rate bonds, variable-rate demand obligations, and auction rate bonds.

Equity Solution: LIHTC

Low Income Housing Tax Credits (LIHTCs) encourage the production and preservation of affordable housing by providing tax credits for investment in well-built, well-maintained rental properties that are affordable to renters earning 60 percent or less of area median income. Fannie Mae has been making investments since 1987 through syndicator partners and today is the nation’s largest LIHTC equity investor.

Preservation Initiatives

Bulls Capital Partners is dedicated to preserving the availability and affordability of both subsidized and unsubsidized rental housing for low-income renters. Our financing solutions can be used in conjunction with project-based Section 8 housing assistance payment contracts and Section 236 Interest Reduction Payments (IRPs). Favorable terms are available for properties that have committed to long-term affordability for residents and for 501(c)(3) organizations.

Building on Success; Committed To Do More

Yet much more needs to be done. That’s why Bulls Capital Partners has a Commitment to tackle America’s toughest housing problems and increase the supply of affordable rental housing where it’s needed most.

To learn more about the Dedicated Student Housing product borrowers should contact Herman Bulls, CEO, or Mark Van Kirk, CFO, at Bulls Capital Partners at (703)848-8001.