Charlotte, NC (PRWEB) April 1, 2010
TAXINVESTMENTS.COM will provide a more efficient way for buyers and sellers of trade-able tax credits to find each other.
The online marketplace allows sellers of tax credits to list their projects for free and subscribers to the site will be able to search for credits based upon their discreet criteria or tax appetite.
“It is more efficient because it allows a buyer to search for credits based on various criteria, such as type of tax credit, project location, tax credit amount, or any combination thereof. The benefit to the seller is that it greatly expands the pool of potential buyers for their credits at no cost,” says TAXINVESTMENTS.COM founder, Larry Kendrick.
Kendrick, who is a CPA and has been involved in the tax credit industry for over 10 years, believes that it is an idea whose time has come. “It is a no lose proposition. It costs nothing to list your credits. You increase the exposure, and therefore the potential equity for your project, and it only takes about 5 minutes.”
In addition to matching sellers and buyers, TAXINVESTMENTS.COM also links participants with the professional resources necessary to close their transaction. “Tax credit deals are highly technical,” says Kendrick, “and finding the right team of professionals to shepherd you through the process and close the transaction is critical to the success of the project.”
The online marketplace is not restricted in the tax credits it services. Currently, there are databases for federal and state Affordable Housing, Historic Rehabilitation, New Markets, Solar, Film, Wind, Conservation, CAPCO, and Angel Business tax credits. Kendrick is ready to expand that list at any time. “If there is a tax credit that is trade-able then it will find a market at TAXINVESTMENTS.COM.”