Financing
Bringing restoration projects and complex developments to life often requires more than vision, expertise, and community support — it demands well-structured financing. Whether addressing adaptive reuse of landmark buildings or new construction in underserved areas, financing solutions help align private capital, public incentives, and project goals to ensure feasibility from concept through completion.
For projects leveraging tools like Historic Tax Credits or New Markets Tax Credits, financing plays a key role in bridging the gap between early-phase expenses and the realization of long-term equity.
Structuring Effective Financing
Financing serves as the essential link that keeps complex restoration and development projects moving forward during critical phases. Tax credit equity, grant funds, and other incentives are typically disbursed only after substantial milestones or full completion.
As projects progress towards these milestones, interim financing provides the working capital needed to cover architectural, construction, and project management costs — ensuring that the project remains on track and meets the rigorous requirements of incentive programs.
Equally critical, the timing of funding is as important as the funding itself. Well-structured financing ensures that skilled teams and contractors are paid, materials are procured, and unforeseen challenges are managed without delay. This seamless flow of resources helps safeguard project quality and delivery schedules.
At Palmer Westport, we assist clients in navigating this critical phase by providing insight and coordination to help projects access and manage financing efficiently. Our role often includes support in areas such as:
- Financing strategy & capital stack design — Developing cohesive plans that integrate tax credit equity, bridge loans, and other funding sources in alignment with project timelines.
- Lender and investor coordination — Helping connect clients with bridge lenders, community development financial institutions, tax credit syndicators, and public funding partners.
- Cash flow modeling & draw management — Creating detailed financial models and managing draw schedules to ensure funding is available as work progresses.
- Risk assessment & compliance guidance — Identifying potential cash flow risks, lender requirements, and compliance obligations early in the process.
- Stakeholder communication & project coordination — Acting as a financial liaison among developers, contractors, legal teams, and other partners to align funding, documentation, and schedules.
Ultimately, financing is more than just a bridge — it is a strategic tool that helps align a project’s financial structure with its broader goals. It supports the realization of community, cultural, and economic benefits while allowing developers and stakeholders to fully leverage available public and private resources.
