Independent advisory for complex incentive-driven real estate transactions.

Battle Hill structures and executes the incentive component so the development team can remain focused on building.

INSTITUTIONAL TRANSACTION EXPERIENCE

0 +

Transactions

$ 0 M+

TAX CREDIT FINANCINGS

$ 0 B+

Project Capital

0 +

Years Experience

Inclusive of transactions completed at prior firms

Five connected areas of advisory work. Engagements are tailored to the transaction.

HTC ADVISORY

We walk sponsors and their internal teams through how the credits work, what the structural choices mean for the deal, and how each decision affects equity partners and project economics.

HTC EQUITY PLACEMENT

We position the transaction for institutional investors, advise on pricing and structure, negotiate terms, and coordinate the tax equity closing alongside the rest of the stack.

HTC BRIDGE FINANCING

We structure the bridge against the construction loan, the equity timeline, and the regulatory schedule, drawing on direct experience as a bridge lender.

CAPITAL STACK INTEGRATION

We structure the stack around how each capital provider sees the opportunity, sequence the financing so the components support each other, and surface structural conflicts early.

EXECUTION AND CLOSING

We track workstreams across every counterparty, anticipate problems before they become delays, and keep the sponsor's interests intact through funding.

Selected Transactions

61 Broadway
New York, NY

Federal + State HTC I Office-to-Residential Conversion I HTC Advisory

Pembroke Place
Indianapolis, IN

Federal HTC I Office-to-Residential Conversion I HTC Advisory

Climate Pledge Arena
Seattle, WA

Federal HTC I Entertainment Venue I HTC Bridge Loan

Electric Works West
Fort Wayne, IN

Federal HTC + NMTC + State Credits I Mixed Use I HTC Bridge Loan

Our Approach

A developer should not have to become an HTC expert to execute an HTC deal.

Three seats.
One transaction.

Equity, debt, and advisory each see the same deal differently. Battle Hill has worked from each seat. That perspective shapes how we represent the sponsor across the full capital stack.

01

HTC syndication

Operating as a syndicator at Foss & Company showed how institutional investors actually evaluate transactions, where equity pricing has room to move, and which terms investors will and won’t concede.

02

Bridge and construction lending

Underwriting bridge facilities at Octagon Finance showed how lenders price completion risk, how the bridge and construction loans interact, and how the capital stack gets sequenced to balance sponsor economics and lender risk appetite.

03