To the end borrower, NMTC’s are almost indistinguishable from a conventional loan. Depending on the lender you use they may be able to work the entire loan for you. If your lender doesn’t deal in NMTC’s, GSMP can put you in contact with consultants who work in this field to guide you through the entire process. Your lender or a consultant can put an actual dollar amount to the savings value of using NMTC.
A large portion of the Greater San Marcos region qualifies for New Market Tax Credits (NMTC). NMTC investments allow businesses to access more favorable lending terms and conditions than the market typically offers. Terms can include lower interest rates, flexible provisions such as subordinated debt, lower origination fees, higher loan-to-values, lower debt coverage ratios and longer maturities.