Gaslamp Capital - Historic Tax Credit Investor

Investing in the past,

returns for the future

A boutique Historic Tax Credit investment fund

Syndicating federal and state HTCs across the country. 

ABOUT US

Gaslamp Capital

Daniel Budish

PRESIDENT

Gaslamp Capital is quality focused as opposed to volume focused.  What this means to Gaslamp's clients and partners is threefold:

 

  1. Gaslamp Capital performs extensive due diligence on each project within its portfolio to provide a high level of comfort to investors

  2. Gaslamp Capital provides its developer clients with the highest level of customer service, ensuring that each project moves through financial closing as efficiently as possible without leaving any detail overlooked

  3. Gaslamp Capital works with its developers and investors to individually customize terms of each investment for maximum mutual benefit

Since its founding in 2015, Gaslamp Capital has consulted on and sourced equity for projects totaling over $307M in development costs.

Daniel Budish is an experienced fund manager with extensive knowledge of historic tax credits from both the developer and investor perspective.

 

Prior to opening Gaslamp Capital, Mr. Budish was Managing Director of a historic tax credit investment fund called the MainStreet America Fund.  Under Budish’s supervision, the MainStreet America Fund saw great success, lining up millions of dollars worth of high quality projects for its investors.

 

Mr. Budish also has experience on the development side, working as Vice President of The Chesler Group, a historic development company based in Ohio and as a Development Officer for the City of Cleveland's Department of Economic Development. 

 

Mr. Budish holds postgraduate degrees in urban planning and city design from both the London School of Economics and Cornell University.

 
 

OUR SERVICES

Gaslamp Capital provides a seamless, full-service experience to its investor and developer partners, including:

 

  • Identification of high quality historic development projects across the country

  • Extensive due diligence on each project to ensure deal quality and suitability

  • Working closely with the developer, attorneys and accountants towards a thorough, yet speedy closing

  • Provision of the requisite tax documentation to the investor, enabling the investor to obtain the credits without delay

  • Asset management over the entire life of the investment

 

FEATURED WORK

MERCHANT'S NATIONAL BANK BUILDING

Mobile, Alabama

Mixed-use residential, office, and retail

195,000 SF

$33.1M Project Cost

Gaslamp Capital syndicated the $5.3M of Federal Historic Tax Credits for this major downtown redevelopment project. Gaslamp Capital also sourced a non-profit partner to provide a bridge loan for the Alabama State Historic Tax Credits, shepherding the developers through this complicated closing process. 

 

PROJECTS IN THE NEWS

The Astrup Awning Building

Cleveland, OH

The Hayden

Columbus, OH

The Reunion Building

Tulsa, OK

 

TESTIMONIALS

MICHAEL TOMKO, PRESIDENT

The Tomko Company

We couldn't have chosen a better partner for our project than Gaslamp Capital. Daniel was instrumental in bringing together the many stakeholders and working with both the developer and investor closing teams. In this complex transaction, Daniel managed the process with tenacity and a clear understanding of all relevant interests from the different parties involved. We appreciate the creativity and energy Daniel brought to this process, and look forward to working with him on many future deals.

 

CONTACT 

INTERESTED IN LEARNING MORE?
CONTACT US

Daniel Budish, President​

Email: Dbudish@gaslamp.capital
Tel:  216-533-3825

 

Or simply fill out the following contact form and we will be in touch:

2019, Gaslamp Capital LLC

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