A classic Greek Revival building was converted into studio apartments providing supportive housing for individuals who have completed rehabilitation treatment programs. The team at Cherrytree formed the equity partnership which funded the project and successfully secured tax credits for investors. Read the case study
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 [...]
Cherrytree teamed with a respected local developer to create a fund which invested in three new utility-scale solar power facilities — including the largest solar array in New Hampshire. The fund allowed individual investors to obtain Federal tax credits which they may use to their own tax planning advantage. Read the case study [...]
As a result of the Covid-19 pandemic the IRS extended the deadline to file tax returns and make tax payments from April 15, 2020 to July 15, 2020. IRS added to those earlier Notices by issuing Notice 2020-23, which allows for certain taxpayers to have more time to invest "eligible gain" into a Qualified [...]
There are a number of provisions in the new Coronavirus Stimulus package that affect the methods for depreciation of real estate assets for tax purposes — and these changes are likely to be significant for our industry.
These are scary and uncertain circumstances that we are living through. The speed with which the Coronavirus took over our lives is truly transcendent and unparalleled, causing us to face overwhelming challenges. However, on a day when there was snow on the ground in March and Tom Brady announced that he is leaving the Patriots, you wonder how we could extract some positives from our current lives.
First and foremost, our hearts go out to everyone who has been affected by the coronavirus (COVID-19) pandemic. It is important to us that we maintain a healthy environment for our employees, clients, colleagues, family and loved ones. We need to work as a team to do our part to "flatten the curve" thus leading us to [...]
Unless you happen to earn your living in the financial planning field, you maybe be only slightly aware of the monumental nature of the changes to the IRS’s tax reform passed by Congress in 2017. How big were those changes? It was the first time in over 30 years that truly significant tax relief could be contemplated by [...]
The Cherrytree Group has recently created two Qualified Opportunity Zone Funds. The funds employ a unique strategy to generate higher returns by layering the benefits from investing in an Opportunity Zone with the benefits from utilizing tax credits.
Over the past 12 months, The Cherrytree Group helped investors and developers identify ideal opportunities for safe, stable growth. Where did the year 2019 take us at the Cherrytree Group? Well, we made our first forays into states in the Southeast and Midwest — and closed on our first hybrid historic-low income housing tax credit [...]
