SVA's Real Estate Transaction Structuring Benefits Mirus Partners
Mirus Partners, Inc. focuses on developing and managing real estate investments that bring added value to their neighborhood and represent a solid asset to the life of the community. Christopher Jaye, President and Kristi Morgan, COO focus on creating high-quality housing opportunities for a variety of income levels through public and private partnerships.
As owners of a real estate development company, Kristi and Christopher rely on strong relationships to move projects from concept to reality. Working on affordable housing developments requires the skill to research and utilize tax credits, grants, and subsidies available through local, state and federal agencies. This process is often complex so Mirus Partners utilizes SVA who brings the expertise to assist with structuring transactions to maximize tax credit opportunities.
“Our projects rely on state, local and federal funding, as well as available tax credits, which brings a high level of complexity to the financial aspects of each development. SVA’s level of experience and expertise helps us make sure the projects are not only financially viable for the area, but also financially viable for our company,” states Kristi.
Real estate transaction structuring projects involves applications for funding, cost projections, feasibility reviews, and compliance audits. “We specialize in affordable housing and SVA is a leader in tax credit knowledge,“ says Kristi. “Having SVA as a partner is integral to our success.”
SVA consults on the formation of real estate entities, cash vs. accrual determinations, tax planning, and performs compliance audits for Mirus Partners.
Mirus Partners can focus on delivering affordable housing, knowing that SVA has the technical knowledge to make each project a financial reality.