Who We Are
Credit Capital, LLC (CCL) is a real estate investment firm, located in the coastal city of Santa Monica, California, that specializes in property investments located throughout the United States. We focus on sponsoring affordable housing investments, including transactions that use the Section 42 federal Low Income Housing Tax Credit (LIHTC) and the federal Historic Tax Credit (HTC). We are also experienced with various state housing, donation, and historic tax credits.
As a boutique operator, we endeavor to provide you with the same level of personal service that we like to receive ourselves.We take pride in creating value for our clients while serving the housing needs for America’s families and seniors. Safe, clean housing contributes positively to our communities and supports families, and Credit Capital is there for developers and investors who are ready to serve those needs.
We work closely with you to ensure that your deal gets done. We know that our developer clients want timely results and need honest answers. Closing a deal can be complex and time consuming, and CCL endeavors to serve you as efficiently and as quickly as possible.¬† By staying ahead of the curve, we help you to manage risks and to stay on schedule, keeping you on track and maximizing your returns.
We provide the tools that you need to receive the returns and benefits projected for your investment. We sweat the details so that you don’t have to. Not only do we provide the due diligence needed for you to make prudent investment decisions, but we also provide the oversight and support needed to help keep your investments on track, from beginning to end. When we bring a deal to you, it will have been thoroughly vetted and will be presented with a candid and fair assessment of its risks, as well as its benefits. Our asset management track record boasts the lowest percentage of “watch list” deals in the industry.
CCL was formed in April 2002 by former executives of National Partnership Investments Corp. (“NAPICO”): its President and Chief Operating Officer, its Director of Syndication and its Director of Acquisitions. The combined affordable housing experience of these executives exceeds 50 years. In 2001, NAPICO was ranked the 9th largest landlord in the United States by National Real Estate Investor Magazine, with ownership interests in over 70,000 affordable housing units located throughout 48 states and territories. Since 1988 NAPICO raised approximately $1.4 billion in tax credit equity for affordable housing investments located throughout the United States including its territories. In March 2002 NAPICO’s assets were acquired by Apartment Investment and Management Company (AIMCO), the largest publically traded multifamily real estate investment trust in the United States (NYSE: AIV); CCL retained NAPICO’s active syndication business and since inception has invested over $1 billion in affordable housing communities nationwide.
Bruce E. Nelson is jointly responsible for corporate acquisitions as well as daily operations of the company. From 1989 through 2002, Mr. Nelson was the President and Chief Operating Officer of NAPICO and was responsible for the securities aspects of NAPICO’s public and private real estate investment programs, which originated over 700 affordable housing properties. Mr. Nelson has been a speaker at various affordable housing conferences and was a Director of the Affordable Housing Tax Credit Coalition. He received his Bachelor of Arts degree from the University of Wisconsin and is a graduate of the University of Colorado School of Law.
Mirko D. Jokanovic is also responsible for corporate acquisition as well as new business development. From 1995 through 2001 Mr. Jokanovic was a senior executive officer with NAPICO, serving as Director of Acquisitions. He was principally responsible for identification, due diligence and underwriting review, as well as negotiation of nearly 100 tax credit (low-income and/or historic) investments throughout the United States. Heading a department of 12 seasoned individuals, Mr. Jokanovic acquired over $150 million in affordable multifamily developments for NAPICO. Mr. Jokanovic received his Bachelor of Arts degree from California State University at Northridge in 1994 and continues to hold a California real estate sales license.
Credit Capital is a proud sponsor of the LA Neighborhood Land Trust and the Juvenile Diabetes Research Foundation.