About Us

S.B. Clark Companies is a public finance consulting firm located in Denver, Colorado.

Clients include state and local governmental entities, public housing authorities, not-for-profit corporations such as affordable housing providers, educational institutions, and healthcare providers as well as for-profit developers in specialized tax credit assignments.

Mission

The firm strives to provide the highest quality advisory services possible to its clients. Each client has unique issues and objectives. The key to providing high quality advisory services is spending time up-front learning the client's business, culture, and style. Frequent communication and maintained confidentiality are priorities.

Style and Approach

The client's interest is foremost and sole. All of S.B. Clark Companies' actions and work associated with an assignment are on behalf of its client. S.B. Clark Companies acts only as a representative as defined by the entity. S.B. Clark Companies does not act as principal in the purchase or sale of financial instruments. Any potential conflicts of interest are disclosed and discussed at the assignment outset or whenever such potential may arise.

Since its formation, S.B. Clark Companies has grown a significant practice in representing clients in transactions including but not limited to:

  • Application preparation and follow-through support for competitive 9% and noncompetitive 4% private activity bond (PAB) low income housing tax credits (LIHTC),
  • Application preparation and financing structure negotiation with allocating community development entities (CDEs) and equity investors and leverage lenders for new markets tax credits (NMTC),
  • Placement of debt and/or equity for new markets, low-income housing, historic and energy tax credit projects,
  • Tax-exempt and taxable bond issues, both competitive placement and negotiated underwritings,
  • Proforma plans of finance for mixed finance, disposition/disposal of public housing, HOPE VI projects, and commercial development, and
  • Evaluation and recommendations for refinancing opportunities including defeasance of existing bonds prior to call date.

Firm History

S.B. Clark Companies was started by Stephen B. Clark in 2001 incorporating his 25-plus years in the public finance investment banking industry. His daughter, Laura E. Clark, joined the firm as an associate in 2003. John Lowry retired in 2010, having joined as a principal in 2004 lending experience in housing and municipal finance. Barrett Lucero joined as an associate in 2008 and Robert Plimpton joined as an associate in 2011. In 2012, S.B. Clark Companies was joined by Emily Kingsley.

Take a moment to find out more about what each of our team members bring to the table.