ST. LOUIS--(BUSINESS WIRE)--Advantage Capital, a leading impact investment firm, announced today the expansion of its state low-income housing tax credit (LIHTC) business line, which invests in affordable housing initiatives to help ensure family and community stability across the country, with the addition of industry veteran Natalie Moretz as Senior Vice President.
“We are thrilled to welcome Natalie to the team,” said Cindy Colvin, Managing Director, Advantage Capital. “With a well-documented track record of success in the industry, Natalie will play an important and essential role in our affordable housing investment strategy.”
Moretz will work across the capital markets function and be primarily responsible for originating investor tax credit equity for the firm’s state LIHTC funds. She will work with an established team to help developers finance their new construction, rehabilitation and mixed-use developments – building upon Advantage Capital’s more than 30-year history of impact investing, including expertise in efficiently structuring and closing complex transactions. Prior to joining Advantage Capital, Moretz held progressively senior roles at Berkadia Commercial Mortgage, AllianceBernstein and Citigroup Global Markets.
“I am excited and eager to join this talented team and accelerate the firm’s already impressive growth within the affordable housing space,” said Moretz. “Affordable housing finance is increasingly important in America, and we are ready to expand our footprint in the industry.”
Advantage Capital has syndicated more than $2.4 billion in state tax credits – and more than $2.3 billion in federal credits – and is currently active for state LIHTC in Arizona, Arkansas, Colorado, Georgia, Hawaii, Kansas, Missouri, Nebraska, Oklahoma, South Carolina, Utah, Virginia and Wisconsin.
About Advantage Capital
Advantage Capital is a leading impact investment firm with an emphasis on driving capital to underserved areas. The firm provides flexible financing to growth-ready entrepreneurs and industries located in communities that often lack access to conventional sources of capital. Since 1992, the firm has invested more than $4 billion in more than 900 companies to support more than 67,000 quality jobs. The firm also invests with intention in affordable housing developments and renewable energy solutions to grow economies and communities. Learn more at Advantagecap.com.
Advantage Capital is an Investment Adviser registered with the U.S. Securities & Exchange Commission. Such registration, however, does not imply a certain level of skill or training. This release has been prepared for informational purposes and to announce a prior event, and nothing herein should be construed as an offer of investment advisory services or as an offer to sell or a solicitation of an offer to purchase any securities or investment product. All offers of investment interests in any fund or investment vehicle managed directly or indirectly by Advantage Capital are and will be made only to qualified prospective investors pursuant to separate and definitive offering and subscription documents in accordance with applicable federal and state securities laws. Advantage Capital is an equal opportunity provider.
