Merchants Capital recently closed the Merchants Capital Tax Credit Equity Fund 15, L.P., representing their largest and most diverse national fund to date with a total capital raise of $196.5 million from 14 institutional investors, including 10 repeat and four new investors. This infusion of equity will create or preserve more than 2,300 affordable homes in Minnesota, Indiana, Ohio, Florida Texas Wisconsin Michigan North Carolina Illinois Pennsylvania Kentucky Colorado and California.
This closing comes shortly after Merchants Capital was recognized by Affordable Housing Finance as the #2 largest lender for affordable housing in the United States since launching their national equity platform in 2021; having raised over $800 million in tax credit equity while originating more than $15 billion debt to support multifamily housing across America. Julie Sharp Executive Vice President of Merchants Capital commented “We are proud that our efforts have made such an impact on communities throughout the country”
