SC Tax Credit Sellers

Beginning in 2009, the principals of Tax Credit Marketplace, LLC (“TCM”) first connected investors in South Carolina with the opportunity to obtain millions of dollars of transferable South Carolina state income tax credits (“SC Tax Credits”), which in effect reduced the investors’ state income tax liabilities.  A steady increase in supply and demand for SC Tax Credits led to the 2013 formation of TCM as an expert partner for (1) investors/buyers wanting to purchase SC Tax Credits to minimize their South Carolina income tax liability; and (2) Property Developers who have unused/excess SC Tax Credits which they wish to sell, thereby infusing cash into their real estate projects.    

More Project Developers now understand and leverage the competitive advantage gained by properly utilizing the SC Rehabilitation Acts to attract additional capital into their projects.  Often development projects generate more SC Tax Credits than the Property Developers can utilize.  The excess credits can be monetized to provide cash to those Property Owners or Developers.  TCM assists Property Developers with properly applying for SC Tax Credits and structuring their Projects so they can take full advantage of SC Tax Credits.

While the Project work is being completed, the Developer tracks qualifying expenses.  The total of these qualifying expenses establishes the amount of SC Tax Credits the Project will generate under the applicable Act.    In concert with this process, TCM reviews the Project’s financial statements, formation/operating agreements and qualifying expenses and then ensures SC Tax Credits are certified by an outside accounting firm.  This process greatly simplifies the Property Developer’s ongoing role and expenses in monetizing its SC Tax Credits.  Once the Project is completed, TCM accepts the project's credits into its fund, which in turn provides the Project with a pool of potential Qualified Investors who are actively seeking to invest in SC Tax Credits. The fund manages the investor process and correspondence. The fund is a single-source contact for the project, again simplifying the process for the Project's ownership.  

As of 2019, the principals of TCM have facilitated the transfer/monetization of more than $50 million in SC Tax Credits.  These projects represent hundreds of millions of dollars of revitalized real estate projects in South Carolina, such as hotels, multifamily residential, retail centers, schools, medical office, self storage and office complexes and distribution centers.

TCM has become the leader in South Carolina in educating Developers, Property Owners, Tax Credit Investors and their trusted Advisors about the benefits of buying and selling SC Tax Credits and, in the process, has simplified an inefficient market.