Merchants Capital announced the closing of two tax credit equity funds totaling more than $233.4 million.
“The successful closing of Merchants Fund V and III, with more than $233.4 million in capital raised from 17 investors, is a milestone achievement for our affordable housing equity platform,” said Julie Sharp, senior vice president of tax credit equity at Merchants Capital. “With more than $22 billion in capital provided to multifamily housing since inception, our company has emerged as a leading debt and equity provider for affordable housing across the United States.”
