Merchants Capital closes $160 million Tax Credit Equity Fund 31
MBIN•Fund 31 closes at $160 million
Merchants Bancorp unit Merchants Capital closed Merchants Capital Tax Credit Equity Fund 31, a USD 160 million multi-investor fund.
Supports affordable housing properties
Fund 31 targets equity for nine affordable housing properties, supporting creation or preservation of more than 1,400 homes.
Tax credit equity platform has topped $3 billion
Merchants Capital’s tax credit equity platform has raised more than USD 3 billion across 31 states since launch five years ago.
