Investment Experience

Meridian Investment’s 28 year history with over $6 billion in energy financings and $9 billion in low income housing financings has included many unique tax equity financing structures and long-term financing programs for project sponsors.

In 1988, Meridian Investments developed the post K-1 investment tax payment system to help low income housing developers attract institutional investment in the LIHTC using this risk-sharing structure.

Since 1991, Meridian Investments has served as the exclusive placement agent for the Section 42 tax credit investment programs of three respected industry sponsors and has supported the construction of approximately $12 billion in multi-family and elderly housing.

In 1992 and 1993, Meridian Investments pioneered the development of the first guaranteed yield tax credit products in a $225 million deal sponsored by AIG-SunAmerica. This structure was instrumental in broadening the Section 42 tax credit marketplace to appeal to new institutional buyers.

In 1995, Meridian helped pioneer the secondary market for LIHTC investments. Since this time, Meridian Investments has served as the exclusive representative for Centerline Capital Group, a leading sponsor of Low Income Housing and Historic Preservation tax credits and the second largest owner of multi-family housing in the United States.

In 1998, Meridian marketed $100 million of equity for the only affordable housing program offered with a yield guarantee by Fannie Mae.

In 2002, Meridian Investments raised capital to finance The Victor, a 341-unit multifamily luxury development along the Camden, NJ waterfront, using historic rehabilitation tax credit equity. This was followed by an equity raise in 2004 for Venice Lofts, a 128-unit waterfront multifamily development in Philadelphia, PA, also using historic rehabilitation tax credit equity.

In addition to serving Centerline Capital Group, Meridian Investments also serves as the placement agent for the WNC Companies, a leading sponsor of housing tax credit investments for more than 37 years, having financed over $4.3 billion in affordable multifamily rental properties.

Meridian is a founding board member of the Affordable Housing Tax Credit Coalition and subscribes to the best practices of this important housing production industry group.