ONB Community Equity LLC partners with Monarch Private Capital to support rehabilitation of historic buildings
Posted: Jul 26, 2018
Monarch Private Capital (MPC) has announced the launch of Monarch Federal Historic Preservation Fund I (“Fund I”) as a vehicle to promote investment in federal historic tax credits. ONB Community Equity LLC, a wholly owned subsidiary of Old National Bank (“ONB”), will enter as the lead investor in Fund I and will also apply its tax credit expertise to provide origination, underwriting and monitoring services to a portion of Fund I’s projects. MPC has partnered with ONB Community Equity on previous investment in historic and state tax credit transactions and shares in the mission of preserving historic assets in the communities they serve.