Historic and Low-Income tax credits totaling $2.4 million were syndicated by Cherrytree. Hampton Financial Partners — a Cherrytree affiliate — also provided $900,000 in pre-development funding, allowing the project to advance prior to the availability of tax credit equity and construction financing. The project involves the renovation of a former high school in Shelbyville, Indiana into 49 rental apartments catering to low-income households. This was Cherrytree’s first hybrid tax credit project (low-income and historic tax credits combined).
Warren founded Cherrytree in 2011 and has spent the past eleven years building a highly specialized tax credit consultation, brokerage, and syndication firm. He has relied on three decades of experience and a law background to focus on the structural and development finance aspects of tax incentivized real estate-based transactions — particularly in the environmental remediation (Brownfields), renewable energy, and historic rehabilitation areas.