Services We Provide

Stack of PapersFollowing are brief examples of financial advisory services provided by S.B. Clark Companies.

Engagements can be structured on a retainer, specific-fee-for-service, hourly basis, or any combination of these.

Please note that this is not an exhaustive list of services, as each client's needs and situation are unique.

Financing Transaction Support Services

Supports and advises an issuer during the preparation and execution of a specific financing transaction.

  • Evaluating financing feasibility, private versus public offering formats, and negotiated versus competitively bid pricing execution.
  • Developing the timetable of events and managing, as requested, the closing process.
  • Rating agency presentations and legal document review for business points and financing structure accuracy.
  • Independent verification of market conditions and preparing post-pricing analysis.

Proforma Financial Feasibility Studies for Development and Redevelopment

Assists housing authorities and affordable developers in determining appropriate financing types for new developments or acquisitions, or refinancing existing developments to rehabilitate existing housing.

This may include:

  • Discussion regarding 4% and 9% low income housing tax credits (LIHTC),
  • New markets and historic tax credits (NMTC/HTC), and
  • Private activity bonds (PAB), HOPE VI projects, investment grade tax-free bonds, bank qualified bonds, line of credit (mezzanine), and other appropriate financing.

Tax Credit Support Services

The firm has wide experience preparing applications, plans of finance, and implementing and transaction structures for:

  • Low income housing tax credits (LIHTC),
  • New markets tax credits (NMTC),
  • Historic tax credits (HTC), and
  • Investment tax credits (ITC), including energy credits.

Interest Rate Swaps, Caps, and Collars

Advises clients regarding these derivative applications, providing risk assessment, pricing verification, and, as requested, competitive bidding processes.

HUD Capital Funds and Mixed Finance

Works with housing authorities to provide appropriate actionable understanding of options around HUD financing intrecacies including:

  • HUD disposition/demolition,
  • Mixed finance combining public housing capital funds in LIHTC partnerships, and
  • Securitization of HUD public housing capital funds (also called capital funds financing) to forward-fund needed capital improvements.

Other Service Examples

  • Debt capacity analysis review of a client's debt capacity, typically employing a comparison analysis to published rating agency medians,
  • Letter of credit or liquidity facility renewals/replacements,
  • Board member education providing "Bond Finance 101" and beyond education sessions, and
  • Ongoing market condition reporting.