Lisart Capital, LLC has been providing tax credit brokerage and syndication services since 2005. We have invested hundreds of millions of dollars for our federal investors in Historic tax credits, New Market tax credits, and Affordable Housing tax credits.
Our state tax credit brokerage business began in Missouri and has now expanded to Arkansas, Iowa, Kansas, Oklahoma, and Texas. We have brokered transferable certificates totaling hundreds of millions of dollars. These include AHAP tax credits, Historic tax credits, Brownfield tax credits, Neighborhood Preservation tax credits, Rebuilding Communities tax credits, Specialized Equipment tax credits, etc. We have also worked extensively with Missouri Affordable Housing tax credits.
There are many competitors in our industry, so what makes us different? First, we are a boutique firm that takes a hands-on approach. There are no institutional layers of bureaucracy and the accompanying costs, and we can turn around commitment letters and transfer documents very quickly. Second, our President Art Weiss has been involved in the industry for over twenty years. The firm is known in the tax credit industry and has personal relationships with the leading tax credit banking, tax, legal, government personnel and investors. Third, we try to put together “one stop shop” deals whenever possible. We can move more quickly and cost effectively because we can bring federal investors to the table that also purchase state tax credits and provide tax credit bridge financing, construction financing, etc. This often eliminates conflicts between the lender and the investor.
Art Weiss, the managing member, is a CPA with over 35 years of financial experience. He has a Master of Accounting Science degree from the University of Illinois and a BSBA degree in Accountancy from the University of Missouri-Columbia. He started his career in the tax department of Arthur Andersen in St. Louis. He then founded the accounting and consulting firm of Weiss, Yess and Co., which he later sold to CBIZ. Prior to founding Lisart Capital, he served as an Executive Vice-President at Allegiant Bank. He founded their tax credit program. Art has been directly involved in over $500 million of tax credit transactions.