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Home > Financial Services > Stock Brokers > Fallbrook Capital Corporation
Fallbrook Capital Corporation
Fallbrook Capital Corporation is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of seven exams.
Over the past fifteen years, Craig Sheftell and Brandt Blanken of Fallbrook Capital have been working with many of the largest companies in the US to make tax incentive investments. During that time Fallbrook’s investors have been able to lower their effective tax rates, increase their cash flow, increase their after-tax earnings, improve corporate image These investors include companies from all sectors including banking, financial services, retailers, health care, media and manufacturing.
The program is administered by state housing agencies that award the credits to projects within their jurisdiction based on project criteria. Each state receives $1.75 per capita annually for distribution to as many projects as it deems suitable. In return for the receipt of the credits, the project has to designate specific units to be occupied by qualified tenants and must follow the rental guidelines which include maximum rents for those units.
The cost of these investments varies based on the characteristics of the underlying facility and vary in price from $.90 to $1.20 per credit generated. The prices vary based on the placed in service, indemnifications provided by the seller and the structure of the investment. The typical investment requires a minimal amount of up-front cash investment followed by quarterly investments comprised of both fixed and variable notes based on the price per credit. Recently there has been significant interest in the programs because of the substantial volume of credits generated and the compelling economic return for the investor.
A Community Development Fund which has been awarded will invest in qualified low-income community investments which can be from loans on commercial property or to businesses. These investments, along with their normal economic incentives, will generate a tax credit. The credit will be paid out over seven years for a total of 39 percent of the qualified investments the fund receives. The investors in the fund will receive credits of 5 percent of investment for the first three years, followed by 6 percent of investment for four years.
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