Financing For Developing Real Estate in the DC Area

Infrastructure function is an innovative financing solution that will change the face of real estate in the DC area. They provide a wide variety of financial resources for the development of a community. Transforming the face of the DC area will cost a substantial amount of money that can be funded through clear financial choices involved with real estate development. Innovative financing supports the improvement of expansion and redevelopment projects. Each year, the government contributes to transportation, education, and others, but fails dramatically to contribute financially to building prospects. DC is looking for a suitable solution to development projects across the area.

Where Does Innovative Financing Come From?

Innovative financing can come from a variety of sources, but the best one will understand the basis of your development and provide funding. Finding solutions to finance your project will take research or possibly the consultation of a finance group. Financing should be a financial benefit and provide flexibility to the redevelopment of your community. Being a part of a market group will put you in a better position to receive the money allocated by the Small Business Credit Initiative. Investors and co-investors will be supplied with capital for start-ups. Business investors will not have to take the traditional route for financing options.

Development ideas in the DC area need to be backed with sustainable funding. This benefits the private sector and cross sector partnerships in development goals. They are also commercially suitable to support business growth. Present day DC has a vast amount of real estate that can benefit from innovative financing. Some programs also provide additional incentives with ROI accounts. Innovating financing also promotes co-investments and baseline projects. Frank Haney is in the top sector for recruitment and locally funded expansion. New applications for existing financing programs will promote development.

Separate budgeting may cause your development project to excel. Innovating financing can bring nature-based development to the DC area. The public area will continue to be financed and creating a method to combine innovative financing is essential to the growth of the DC infrastructure. Public housing in the DC area can directly benefit from innovative financing techniques. The government can get a percentage of the money back from financing the infrastructure of the DC area. Innovating financing programs are easy to apply for and a great way to invest or co-invest with the government funding system.

Established Head Hunters in Washington, D.C.

If an individual is looking for Gary Burnison a reputable executive recruiter who can help him or her land a desirable position in the city of Washington, D.C., there are quite a few excellent options available out there. Finding a coveted position as a respected executive isn’t always an easy task in today’s competitive and demanding job market. If a job seeker has the assistance of a seasoned and capable executive recruiter on his or her side, however, finding a position that’s ideal shouldn’t be a stressful or difficult experience in any way.

Lucas Group is a prominent employment agency that’s in International Square in the heart of D.C. The executive recruiters on Lucas Group’s staff work hard to find suitable professionals for some of the most desirable positions in the entire city. Noah Rogers and Loretta Razny are two examples of diligent executive recruiters who work for this company. Andrea “Andi” Jennings serves as the CEO of Lucas Group.

The McCormick Group Inc. is just outside Washington, D.C. in the community of Arlington, Virginia. It’s a leading executive search company that offers national services. The McCormick Group has the noteworthy distinction of being the D.C. region’s biggest independent executive search agency. Bill McCormick is its namesake. He’s also the company’s CEO and founder. Other key employees on the company team are consultant Nancy Carpenter, Principal Ivan Adler and managing principal Elizabeth Humphrey.

JDG Associates Ltd. is in Rockville, Maryland close to all the action in D.C. Darren DeGioia is the president of this well-known recruiting company. Other significant staff members at JDG Associates Ltd. include research associate Anne Mesmer, Principal Anthony Brown and executive advisor Joe DeGioia.

ESGI Executive Recruitment is an established retained executive search company that’s on Connecticut Avenue in the city. Evan Scott is the CEO and president at ESGI Executive Recruitment. He created the company in 2000. Michael P. Humenik works as the company’s principal.

Battalia Winston is a sizable executive search company that has an office on D.C.’s 15th Street. It’s one of the United States’ biggest executive search agencies. The company has offered job placement services for many seasoned and capable executives. Dale Winston is the CEO at Battalia Winston. She’s also the company’s chairwoman. She’s been part of the executive search field for more than a quarter of a century so far. Battalia Winston focuses on fields such as technology, retail and financial services.

Innovative Financing for the DC Real Estate Market

What is Innovative Financing

Innovative financing is a range of alternative methods used to raise more funding for development assistance through various projects such as public-private partnerships, market based transactions, taxes, and micro-contributions. Since the beginning of 2010, most innovative financing methods that still exist have been allocated for the health care industry within developing countries. Nevertheless, innovative financing methods have raised US$2 billion over the past few years; thus, providing the great opportunity for real estate developers and investors to take advantage of.

How does this help Real Estate in DC

With this in mind, real estate professionals can take advantage of this program for different types of developments: Rather it’s for subsidized housing, which is very much needed for urban areas in big cities, like Washington DC; commercial buildings to encourage more business and more jobs; and to encourage more people to visit Washington DC, which is also good for their economy, thus bringing in more business. The more real estate professionals take advantage of this spectacular opportunity, the better it would be for that city’s economy.

Innovative Financing for real estate would meet capital needs through various investment structures of debt, equity, investor, mezzanine, and other mechanisms. Company’s such as Columbia National Real Estate Finance, LLC. and Frank Haney are often involved in building DC properties. The real estate finance organization arranges equity, debt, and structured financing between the affiliated capital sources and the developers/owners of commercial and multi-family real estate. Their staff have decades of expertise in capital markets and commercial real estate, and their clients continually rely on them for innovative financial solutions. Another company of such caliber for Washington DC’s real estate market is the John Hancock Real Estate Finance Group. They have the same qualifications, and they have an established track record of success.

Other Viable Information

There are great possibilities of promising innovative financing available for real estate development. The development of new innovative financing methods has been improved through the contribution of various players. Different interagency initiatives, such as The Leading Group on Innovative Financing for Development, serve as a platform for the introduction of new innovative financing techniques, and they have coordinated processes among actors. LSL World Initiative also focuses on innovative financing by assisting governments in establishing public-private partnerships, taxes, and micro-surcharges for fund raising and for financing development projects.

Venture Capital that Invest in Small-Businesses and Start-Ups

Raising capital is a challenge for many start-ups and small businesses. Many entrepreneurs come up with great ideas that would earn millions of dollars in revenue in the long term but fail to raise enough capital to implement their ideas. Small businesses and start-ups cannot raise capital through the stock market and neither do they meet the necessary requirements to qualify for substantial bank loans. Financial institutions consider the revenue trends, stability and value of assets to grant loans.

Venture capital is the best alternative for small businesses and start-ups to raise capital. Venture capitalists such as the CAPCO program enable these firms to actualize their ideas expand their operations. Venture capitalists do not just fund projects or ideas but also provide valuable expertise in the business. Entrepreneurs do not have to learn from experience how to grow their market share in their respective industries. Venture capitalists introduce valuable connections to a firm, which enables it to grow and expand fast.

Investing in small businesses is beneficial to the national economy because it creates new jobs. A reduction in unemployment increases the disposable income of households, which spurs economic growth. Some of the venture capital programs and companies that fund small businesses and start-ups include:

  1. Small Business Investment Company (SBIC) program

The US Congress created the SBIC program over fifty years ago to provide capital to small businesses. The program works with private investments funds that access loans guaranteed by the US Small Business Administration (SBA) to invest in small businesses. The investments funds also use their capital raised from pensions, individuals, banks, and foundations. SBICs provide managerial expertise, equity capital, and long-term loans to small businesses.

  1. CAPCO Program

The District of Columbia’s Certified Capital Company Program (CAPCO) consists of investment funds (CAPCOs) managed by expert venture capitalists. The purpose of starting this program was to create more jobs and promote the creation of new businesses in different industries. CAPCOs provide long-term debt and equity to existing and new small businesses. They evaluate companies to determine if they qualify for investments from the DC CAPCO program.

  1. Kleiner Perkins Caufield & Byers (KPCB)

KPCB is among the top-ranked venture capital firms in the Silicon Valley. This company stands out among other venture capital companies because it specializes in early stage and incubation investments. The firm has funded more than 300 information technology companies, most of which are largest firms in their respective industry. Today, these firms have employed hundreds of thousands of employees.

  1. Sequoia Capital

Sequoia Capital is another venture capital firm that supports companies in their incubation, early-stage, and start-up stage. The US- based firm has expanded its operations to the international market. Sequoia Capital has helped more than 250 companies start and expand their operations.

Tax Credits: Providing Help Around America

The need for jobs and opportunities in the United States is more than evident, especially after the recession that hit a few years ago. The ramifications of that stressful era in recent history are still having a major impact on the United States. This is especially true when referring to some of the most distressed communities in the US. But there are some companies–with the help of tax credits–who are committed to reinvigorate American potential and the economy.

Understanding the New Markets Tax Credit

The New Markets Tax Credit (NMTC) program belongs to the BCC, and it is focused on investing in particular communities. The investments are usually related to economic development, which should also create more jobs in that area.

The NMTC program was definitely a hefty undertaking that would take real commitment, but it was absolutely necessary. A prosperous economy does rely on all Americans having more money. What BCC understands is that low-income creates desperation, meaning that people will spend less on things other than the bare necessities. Focused spending on just necessities does not drive the economy upward and diminishes the opportunity for small businesses to flourish.

The purpose of the NMTC program was to reverse this issue that seems to be crushing some communities in the United States

Impact that the New Markets Tax Credit Has Had

As of right now, the BCC has collected a total of seven NMTCs from the US Treasury. This means that the program has been able to allocate about 468 million dollars. Remember that this number only reflects a small number of NMTC, meaning that BCC is still capable of raising a lot more given the opportunity.

The number just mentioned has given BCC the opportunity to disperse about six of the allocations among 16 states across America. The negotiations have always been courteous and benefiting to both the state and the community that the BCC was attempting to help.

For example, states like West Virginia, Maine, California, Washington and Oregon were given the opportunity to start sustainable forestry projects. This is something that these states are hoping would give their communities an opportunity to work jobs that are eco-friendlier. Texas and North Dakota were both given money to invest in commercial real estate to attempt to revitalize a community that is going through hard times.

No one is saying that these tax credits are solving all of America’s problems, but at least a step in the right direction has been taken.


White Collar Law Q&A Review

The white collar laws around the world help protect consumers from corruption, and those laws are often handled by a specialist law firm. This article covers a few items about white collar law that are important for the average consumer, and Sean Hecker at Debevoise & Plimpton LLP offers answers about how his firm helps clients. There are many reasons to address worldwide white collar laws, and a specialty lawyer is the only person who can help.

#1: White Collar Laws Affect Everyone

Consumers around the world see their prices rise, quality dip and products fall apart due to the breakage of international law. The law firm works with regulators who are searching for answers about certain companies, and the firm advises its own clients on laws that must be followed. Remaining on the right side of the law is important for every client at the firm, and the advising process takes time when many countries are involved.

#2: White Collar Laws Are Changing

White collar laws are altered by countries around the world every year, and the laws that are on the books today could be updated tomorrow. The firm is familiar with the laws on the books today, and the firm reads consistently on changes that could impact their clients. Clients are counting on the firm to understand changes to the law, and the firm sends alerts to clients who are in need of salient updates for their businesses.

#3: Why Are White Collar Laws Important?

White collar laws regulate the manner in which business is done, and every company must be aware of every little law that has to do with their profits and losses. Even the smallest infractions could lead to massive fines for a client, and the firm ensures that every client is operating properly. Small infractions may be settled outside of court for small fines, and the firm will step up to protect their clients when a reasonable effort has been made to comply with the law.

Business law is an interesting sector of the legal code that must be covered by specialists. A specialty firm such as Debevoise & Plimpton LLP allows clients the peace of mind needed when working internationally. The laws in every country are different, and a lawyer must be on retainer to ensure that the company is protected in the event of legal trouble. All corporate must be handled in like manner for everyone’s safety.


Why Is the New Markets Tax Program So Important in Maine?

Maine is one of the vast untouched landscapes in America today, but the state is small enough to allow development every town. There are many new places where business may flourish, and the New Markets tax program helps businesses move to those communities safely. This article explains why jobs will be created using the tax credits, and there are many communities in the state that will see a surge in growth as a result of this program.

#1: What Do the Tax Credits Do?

A business that moves into a brand new market in Maine will receive tax credits from the state and federal government that pay for the overhead required to move. Each of these companies receives aid that helps them stay afloat, and jobs are created the moment every business opens. A city or town that wants to create jobs may do so easily, and many businesses may be invited to a new market.

#2: How Many Jobs May Be Created?

There is no limit to the number of jobs that may be created under the New Markets program. The federal government ensures that every new business is given a tax credit proportionate to the size of their business. Expansion is inevitable, and the companies that are working on expansion may see their tax credits extended. A tax credit that helps a business open this year may pay for that business to hire new staff the next year.

#3: How Does Maine Benefit?

Maine benefits from the New Markets program by creating commerce in parts of the state where it may have left. There are factories and other forms of commerce that may be long out of business, but new companies may move in to provide a new job source for every community. Small towns all across Maine will see their citizens receive new jobs, and the tax base for every community will improve. City services improve, education funding improves and the state will see more people moving to its beautiful shores.

The state of Maine is in need of companies to move into new markets, and the tax program offered by the federal government helps every new business create jobs. The tax credits offered by the state and federal government encourage businesses to move, and the jobs brought to every town improve the quality of life for everyone. The New Markets tax program is an ingenious way to improve commerce in Maine.

How government real estate works in Washington DC

The city of DC was originally planned by Pierre Charles L’Enfant to be a new capital with wide, tree-lined streets reminiscent of Paris. DC is the political hub of the United States of America, and it’s ranked as a world-class city for several attributes such as; a thriving, diverse economy, outstanding educational institutions, abundant cultural attractions and magnificent museums. With a population of 6 million the Washington Metropolitan area is the seventh largest metropolitan area in the country. Governments regularly outsource several real estate jobs on contracts to cable companies. Several companies incuding Frank L. Haney usually take interest and take up these contracts from the government.

One such company is DTZ, which recently merged with Cushman & Wakefield. DTZ has served the Washington DC metropolitan commercial real estate market. They have received several accolades such as being singled out as the #1 Tenant Representation Firm and the #3 Property Management Firm by The National Law Journal & Legal Times. In the DC metro region alone they manage over 32 million square feet.

Jones Lang LaSalle (JLL) has a Government Investor Services (GIS) team that makes them the first provider for government real estate advisory services. JLL combines broad market experience and political tradecraft with major research and financial analysis. Their headquarters are in Washington, DC. On December 3rd, 2015, JLL announced that it had been selected to enroll the U.S Army’s Operations, Maintenance and Minor Construction Program.Being a partner in this U.S Army Medical Command (MEDCOM) and U.S Army Corps of Engineers Initiative, JLL received a multiple-award contract offering the ability to provide facilities management and healthcare advisory services to hospitals, clinics and research facilities throughout the U.S and Caribbean.

Arent Fox LLP located in 1717 K Street, NW, Washington DC. They assist and guide clients through the complex issues that can arise in public buildings consisting GSA leasing, bond finance and disposition of public assets and represent owners, developers, underwriters, credit enhancers, General Services Administration and state and local government.

Their services include:

Advising owners, developers and federal, state and local government on the disposition of government assets.

The acquiring surplus for this federal and municipal buildings and land for economic development opportunities.

Counselling concerning all government and political approvals required for the use and disposition of public buildings and grounds.

The fin of projects rents to the federal government, including under leases that are subject to termination for non-appropriation.

Counselling on BRAC and military housing privatization projects.

CEO Recruiting and Staffing

When a CEO leaves vacates his or her position in a company, it is not as easy as simply replacing an employee, due to the fact that they play such a pivotal role to the company. Because of this, there is a very thorough CEO recruiting process, which is focused and aimed at finding an individual that has a wealth of experience in the same field and appears to be able to fit into the position well. This is easier said than done, as a CEO makes huge decisions and typically has a certain way that they run the company. Every decision that they make affects the entire company, so it is very important to find a replacement that can come in and run the company in a similar fashion.

If a CEO happens to leave a company, you can bet that a head hunter will come into the picture, who has the job of going out and finding a replacement CEO. The majority of the time, these individuals that go out and find replacement CEO’s have a deep network of people that they can contact, as they are usually always on the lookout for top notch people to fill certain positions. Because of this, they likely have an idea of some people that may be able to fit the bill, so they will go out and find a host of people that may fit the company and will usually invite them for an interview. During the interview process, they will have to make the decision as to who would be the best fit for the role and in the end they offer the job to one of the candidates.

These people that go out and find successors for CEO positions, as well as various other top level positions in companies, can truly affect whether a company is successful in the future or not and in all reality, a lot of the company rests on their backs. Professionals like Dennis Carey of Korn/Ferry International are extremely well versed in CEO succession. If they happen to hire someone that comes in and does not do a good job, there is a good chance that the company could greatly suffer, or even crumble. For this reason, there is an incredibly lengthy interview process, although the bulk of the courting process for the position starts well before the interviews start, as the head hunter has the job of assessing people from a distance before approaching them for the job.

How to Qualify for Capital Investment Program

The Maine New Markets Capital Investment Program is modeled after the federal New Markets Tax Credit Program. The program is believed to attract investment capital to the communities who have low income. They do this by giving the investors an opportunity to get a state tax credit on the equity investments that they are able to make in the Community Development Entities which is known to many as CDE.

The funding for the program is done in cooperation with the Maine Revenue Services and the Maine Department of Economic and the Community Development. It is then administered by FAME.

For a CDE to be able to participate in this program, they should first be certified to be a qualified Community Development Entity. This should be done by the Secretary of the United States Treasury. It should also be a party to an already existing allocation agreement with the Department of Treasury’s Community Financial Institution Fund that is still in effect and not in any way subject to revocation or even cancellation. The agreement should have Maine in their service area. On top of this, the CDE should be able to give answers to four of the mandatory five questions positively.

However, there are some basic requirements that every CDE must meet for its eligibility to be approved.

  • First the CDE might seek an allocation of tax credit authority, reserving their tax credit eligibility for their later qualified equity investments. This can be done by filing allocation their applications with FAME.
  • The mandatory allocation for each CDE is $62,500,000. The allocation of the tax credit authority will only be useful for two years.
  • After getting the qualified equity investments in the approved allocation, and reinvested in the right active low-income community investment for use , the CDE should then file for a certification application from FAME giving the details in the transaction.
  • FAME is then supposed to review the application to ascertain if the eligibility of the certification for the program tax credits. It is approved, and then FAME will give notice to the CDE and even to the Maine Revenue Services for the persons qualified for the credits and amount thereof.
  • The individuals eligible for the tax credit might get refundable state income tax credits which could go up to 39% from their eligible investment, which might be taken on an increasing basis for over seven years.

When a CDE has qualified to be awarded the tax credit allocation authority should file their annual report with FAME.