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 [...]
“The timing is right. It’s the right project with the right people. We are bullish on this project. And we are bullish on downtown Springfield.” —Gov. Charlie Baker, from The Republican newspaper One of the fundamental principles behind state and federal historic tax credits is to provide both developers and investors with the financial leverage to re-energize America’s small [...]
BOSTON--(BUSINESS WIRE)--Preservation of a registered historic landmark in Lowell, Massachusetts has begun following completion of pre-development funding for the Lowell Legacy Hotel. The funding was arranged by the Cherrytree Group of Newton, Massachusetts. The five-story building, built between 1896 and 1905, was recently declared eligible to receive Federal tax credits for historic preservation. Syndication [...]
After purchasing our own historic building at 287 Auburn Street, Newton, Massachusetts in late September of 2017, we were anxious to begin rehabilitation of the building and move into our new home. The task was made more acute as we had already negotiated an exit from our existing lease on June 30, 2018, and we [...]