Impact Real Estate

Enhanced Capital finances real estate projects across the nation that stimulate economic and social growth and sustainable practices through projects that focus on:

Historic Building Preservation
Renewable Energy & Energy Efficiency
Commercial, Municipal, & Mixed-Use Redevelopment
Low-Income & Affordable Housing

Impact Real Estate Products

Bridge Lending
Commercial Property Assessed Clean Energy (C-PACE)
Construction Lending
Energy Efficiency
Historic Tax Credits
LIHTC & Affordable Housing

Bottleworks District
Project Spotlight
Bottleworks District
INDIANA
Tax Credit Investment: INDIANA INDUSTRIAL RECOVERY TAX CREDITS, FEDERAL HISTORIC REHABILITATION TAX CREDITS
In 2020, Enhanced Capital participated in the Bottleworks District redevelopment project to transform the iconic Coca-Cola Bottling Plant into a 12-acre urban mixed-use development in downtown Indianapolis. Bottleworks will serve as a culinary, arts, and entertainment hub, featuring the city's first food hall, a boutique hotel, unique residential options, as well as 180,000 square-feet of flexible office space and 175,000 square-feet of prime retail space. The development aims to build a legacy, showcase local talent, and create authentic experiences that fill the city with pride while also generating economic activity and job opportunities. The first of four phases was completed in January 2021.
Copley
Project Spotlight
Copley
Illinois
Impact Real Estate Lending: Bridge Financing, C-PACE
Tax Credit Investment: State Historic Rehabilitation Tax Credits
In 2020, Enhanced Capital participated in the financing of the Copley Hospital campus redevelopment project in Aurora, IL. The campus, featuring energy efficient upgrades, will provide senior housing, an apartment community for adults with developmental disabilities, office space for healthcare providers and other medical services, community resources, and administrative offices for the local School District. Nearly 500 construction jobs and over 220 direct full-time jobs will be created from the project.
McDonogh 19
Project Spotlight
McDonogh 19
Louisiana
Tax Credit Investment: Federal & State Historic Rehabilitation Tax Credits, Federal New Markets Tax Credit Allocation
In 2020, Enhanced Capital proudly collaborated with Alembic Community Development and Leona Tate Foundation for Change (LTFC) to support the McDonogh 19 Elementary School's redevelopment into the Tate, Etienne & Prevost (TEP) Center, named after the three young African-American girls who were part of the schools' historic integration in 1960. The TEP Center, located in New Orleans' Lower Ninth Ward, will have 25 affordable apartments for seniors, the People's Institute for Survival and Beyond with anti-racism curriculum, and the TEP Interpretive Center and museum operated by LTFC.
Mural Arts Lofts
Project Spotlight
Mural Arts Lofts
Pennsylvania
Tax Credit Investment: Federal Historic Tax Credits
Enhanced Capital helped transform a long-vacant building in Philadelphia, previously known as the Thaddeus School, into an expansive residential complex with modern amenities. Now known as the Mural Arts Lofts, the renovated building also contributes to a vibrant downtown community, serving as the cornerstone for Mural Arts, the largest public art program in the country.

Featured Projects All

Enhanced Capital Supports Elko Community Health Center in Nevada to Deliver Healthcare Infrastructure to Rural Communities

September 9, 2024

Enhanced Capital is pleased to provide financing for the Elko Community Health Center, a critical healthcare infrastructure project in Elko, Nevada. The project, developed by Community Health Development Partners (CHDP), LLC, was made possible through a federal New Markets Tax Credit (NMTC) allocation, allowing for the equipping and working capital to support a state-of-the-art healthcare campus in an economically distressed, rural area.

Enhanced Capital Finances Voluntary Brownfield Remediation and Construction of Mixed-Use Property in New Rochelle, NY

May 24, 2023

Enhanced Capital was pleased to join Allstate Ventures, Mayor Noam Bramson, City Council Member Ivar Hyden, Deputy City Manager/Development Commissioner Adam Salgado, City Manager Kathleen Gill, and the building architect Chris Fogarty for the groundbreaking ceremony at 33 Westchester Place in New Rochelle, NY, on Tuesday, May 23^rd. The 27-story development is New Rochelle’s first PACE project and will offer 315 Class A apartment units, a rooftop solarium, and retail space.

Baking Fresh Economic Opportunity by Revitalizing the Historic Kerns Bakery in Knoxville

October 10, 2022

Enhanced Capital’s Impact Real Estate group and Crossroads Impact Corp (Crossroads) are proud to partner with developer Four Stones Real Estate, LLC to support economic activity in South Knoxville, TN. Through federal Historic Tax Credits and a bridge loan provided by Enhanced Capital, the former Kern’s Bakery is being redeveloped into an innovative mixed-use community after years of vacancy and voided development attempts.

Enhanced Community Development Awarded $65 Million in New Markets Tax Credit Allocation from U.S. Treasury Department

September 26, 2024

Enhanced Community Development, a subsidiary of Enhanced Capital Group, LLC, announced that it has been awarded $65 million in New Markets Tax Credits (NMTC) allocation by the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund.

Preservation Iowa’s “Preservation at its Best” Award Honors the Wilson Lofts Redevelopment Project

August 15, 2024

Enhanced Capital is pleased to announce that the Wilson Lofts redevelopment project and its developer, Economic Growth Corporation (GROWTH), received the Preservation at its Best award for “Adaptive Reuse” at the annual Preservation Iowa Summit.

Enhanced Capital’s Richard Montgomery to Speak at the On-site and Virtual Alternative Capital and Economic Development Roundtable

August 12, 2024

Enhanced Capital’s Richard Montgomery, Managing Partner, will be speaking at the Alternative Capital and Economic Development Roundtable on Tuesday, August 13, from 9:00 a.m. to 12:00 p.m. CST in Austin, TX.

Impact Real Estate