R4 Capital Reaches Its 10-year Milestone With More Than $5 Billion Tax Credit Equity and Debt Under Management
R4 Capital, a national affordable housing tax-credit syndicator, lender, and asset manager, celebrates 10 years of financing quality affordable housing resulting in the creation and preservation of more than 46,000 residential units across 47 states and territories surpassing $5 billion of tax credit equity and debt invested since inception.
Founded in 2011, R4 Capital has enjoyed steady growth for a decade raising and managing more than $3.8 billion of LIHTC equity investments on behalf of 91 institutional investors. In 2016, R4 Capital expanded to launch R4 Capital Funding, its tax-exempt lending business which, in five years, has originated and services more than $1.65 billion of tax-exempt debt on behalf of the firm's investors.
With four offices spanning the U.S., R4 Capital has developed a leading national presence.The company has become a true one-stop shop offering tax credit equity, tax-exempt mortgage capital financing, and centralized loan servicing, asset management, and underwriting.
Despite the exigencies of the pandemic and the uncertainty surrounding an election cycle, 2020 was a strong year for R4 Capital. "Over the past decade, R4 Capital has experienced exceptional growth and development by positioning ourselves to remain competitive in even the most challenging markets," says Marc Schnitzer, President and CEO. "Our longstanding relationships with the nation's top LIHTC developer and investor partners, and the tenacity and responsiveness of the R4 team, have ensured our collective success."
James Spound, President, R4 Capital Funding (R4CF), notes, "R4 Capital's expansion into construction through permanent financing with R4CF provides a tremendous value for developers and investors. R4's collaborative culture makes us nimble and allows us to provide swift executions even for the most challenging transactions."
The country is in the midst of an historic pandemic that continues to negatively impact families across the nation, underscoring the vital need for new and updated affordable housing. At this milestone, R4 Capital continues to be grateful to its 70 employees for their diligence and commitment to our investor and developer partners in our mission to ensure affordable housing is financed and built nationwide.
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