Cabretta Capital
- Company typePrivate
- Founded2015
- HeadquartersSavannah, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Cabretta Capital does
Cabretta Capital Corporation is a privately held specialty finance firm headquartered in Savannah, Georgia, founded in January 2015 by Brent Watts. The firm operates as a tax credit syndicator and structured equity provider, specializing in public-private partnership tax incentive programs. Its core function is intermediation between two sides of a fragmented market: developers and property owners who produce tax credits through qualifying activities (affordable housing developments, historic building rehabilitations, renewable energy installations, and film productions), and institutional or private investors seeking to utilize those credits to offset federal or state tax liabilities. The company offers state-level tax credits across Georgia and South Carolina, with a product suite that includes Low Income Housing Tax Credits, Historic Tax Credits, Georgia Film Tax Credits, South Carolina Historic Credits (income-producing), South Carolina Abandoned Building Credits, and South Carolina Textile Mill Credits. Cabretta has syndicated over $700 million in state tax credits cumulatively and manages ongoing asset management and compliance for nearly 4,000 housing units.
The underlying technology is conventional syndication infrastructure — financial modeling, underwriting, partnership structuring, and asset management systems — rather than a proprietary software platform. The firm operates a vertically integrated team covering acquisitions, underwriting, fund management, asset management, compliance, and accounting, led by a leadership group with prior experience at PwC, Deloitte, The Hartford, American Express, and a national tax credit syndicator. Revenue is generated through transaction fees on syndicated equity placements, supplemented by recurring asset management fees on its portfolio of housing units. The go-to-market motion is sales-led and relationship-driven, with dedicated coverage for institutional investors (banks, insurance companies, public corporations), private wealth channels (CPAs, financial advisors, family offices, high net worth individuals), and developer origination. Marketing is anchored by industry conference participation (GAHC, Novogradac conferences) and content/news distribution.
The customer base spans two distinct segments: developers/property owners who supply deal flow, and tax credit investors who supply capital. Cabretta's positioning is regional (Southeastern U.S. with depth in Georgia and South Carolina) but it has articulated a stated national expansion ambition through its institutional sales leadership. The company operates as a founder-led, closely-held corporation without disclosed external institutional investors or parent entity.
Cabretta Capital firmographics
Firmographics- Name
- Cabretta Capital
- Legal name
- Cabretta Capital Corporation
- Website
- https://cabrettacapital.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Cabretta Capital industry classification
Industry- Product category
- Tax Credit Syndication / Specialty Finance
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM)
- akta.pro secondary industries
- Private Credit / Direct Lending (FSAAAHAG), Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO) (FSAHAIAB)
Keywords
Where Cabretta Capital is headquartered
LocationHeadquarters
- HQ city
- Savannah
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Cabretta Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Tax Credit Syndication: Cabretta Capital generates revenue by syndicating tax credits to investors. They connect credit producers/developers who need capital upfront with end users who may not need a whole production. The company monetizes various tax credits including Low Income Housing Tax Credits, Historic Tax Credits, Renewable Energy Tax Credits, and state-specific credits (Georgia and South Carolina).
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Cabretta Capital product offering
Product offeringCore offering
Cabretta Capital is a specialty finance firm that structures and syndicates tax credit equity, connecting developers and property owners who produce government tax credits (e.g., Low Income Housing, Historic, Renewable Energy, Film, Abandoned Building, and Textile Mill credits) with banks, insurance companies, corporations, family offices, and high net worth investors who use them to offset tax liabilities. The firm underwrites, places, and asset-manages tax credit investments across multiple states with emphasis on Georgia and South Carolina.
Product overview
Cabretta Capital is a specialty finance firm offering structured tax credit equity solutions. The company operates as a single integrated platform focused on tax credit syndication, connecting developers who produce credits with investors who need them. Their core offering is State Tax Credits, which encompasses multiple sub-products including Georgia Historic Credits, Georgia Low Income Housing Credit, Georgia Film Tax Credits, South Carolina Historic Credits, South Carolina Abandoned Building Credits, and South Carolina Textile Mill Credits. The company has syndicated over $700 million in state tax credits to date, primarily serving developers and investors in the affordable housing, historic preservation, and film production sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- State Tax Credits Syndication of state tax credit programs including Low Income Housing Tax Credits, Historic Tax Credits, Renewable Energy Tax Credits, and Georgia/South Carolina state-specific credits. Cabretta Capital has syndicated over $700 million in state tax credits across multiple states. Targeted to developers/property owners producing credits and to institutional and individual investors utilizing credits.
- Georgia Historic Credits State tax incentives available for owners of historic properties who carry out substantial rehabilitation in Georgia. Developers can receive a credit equal to 25% of qualified rehabilitation expenditures. For developers/owners of historic properties and investors seeking Georgia state tax credits.
- Georgia Low Income Housing Credit State-level supplement to the federal Low Income Housing Tax Credit program in Georgia. Properties must qualify for the federal housing credit as defined in Section 42 of the IRC of 1986. For affordable housing developers and investors.
- Georgia Film Tax Credits Tax credits for film and television production in Georgia. Productions spending $500K or more qualify for a 20% tax credit, with an additional 10% credit available for including the Georgia promotional logo. For film/TV production companies and investors seeking Georgia state tax credits.
- South Carolina Historic Credits (Income Producing) South Carolina state income tax credits of 10% or 25% (not exceeding $1 million per certified historic structure) for rehabilitation of income-producing historic buildings. For developers/owners of income-producing historic properties and investors seeking South Carolina state tax credits.
- South Carolina Abandoned Building Credits Financial incentives under the South Carolina Abandoned Buildings Revitalization Act for rehabilitation, renovation, and redevelopment of abandoned buildings. Developers can receive a 25% credit of rehabilitation expenses. For developers of abandoned buildings and investors seeking South Carolina state tax credits.
- South Carolina Textile Mill Credits Incentives under the South Carolina Textiles Communities Revitalization Act for rehabilitation of textile mill sites. Developers can receive a 25% credit of rehabilitation expenses. For developers of textile mill sites and investors seeking South Carolina state tax credits.
Quantifiable outcome
- Syndicated over $700 Million in state tax credits
- +2 more outcomes
Companies that use Cabretta Capital
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Cabretta Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cabretta Capital partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Solutions for VeteranscoreSolutions for Veterans, Inc. (led by President and CEO Craig Taylor) was instrumental in developing Freedom's Path at Dublin, GA - a veteran housing project. Cabretta Capital provided state tax credit equity for this public-private project.
- City of DublincoreCity of Dublin partnered on the Freedom's Path veteran housing development project.
- Dublin Housing AuthoritycoreDublin Housing Authority collaborated on the Freedom's Path veteran housing project.
- Garrisons for VeteranscoreGarrisons for Veterans was part of the development team for Freedom's Path at Dublin, GA veteran housing.
- Communities for VeteranscoreCommunities for Veterans participated in the Freedom's Path veteran housing development.
- Choate ConstructionminorChoate Construction partnered with Cabretta Capital on the historic renovation and preservation project of the 38th Street School building in Savannah.
- Basin CompanyminorCabretta worked with Basin Company on a historic tax credit project - bringing a Victorian District home back to life.
- Wellington Development CompanycoreWellington Development Company was part of the Freedom's Path Dublin Development Team for the veteran housing project.
- NorSouth ConstructioncorePatrick Johnston, now Director of Asset Management at Cabretta, previously served as Chief Operating Officer of NorSouth Construction. Cabretta continues to work with NorSouth on various projects.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Cabretta Capital competitors and assessment
Company assessmentDirect peers
- Hunt Capital Partners: National tax credit syndicator focused on LIHTC and historic rehabilitation credits, sourcing equity for affordable housing developers. Direct competitor with broader geographic footprint and similar institutional investor base.
- Boston Financial Investment Management: Major LIHTC and historic tax credit syndicator with multi-state platform and asset management services. Closely comparable to Cabretta's tax credit syndication and asset management model, including nearly 4,000-unit portfolio management.
- Enterprise Community Partners: National nonprofit syndicator and investor in affordable housing using LIHTC, including state-specific credits. Competes directly with Cabretta for developer relationships and institutional tax credit investors across multiple states.
- Raymond James Tax Credit Funds: One of the largest national LIHTC and historic tax credit syndicators, providing equity placement and asset management for affordable housing and community development projects. Direct competitor to Cabretta in the tax credit syndication space with broader geographic reach.
- National Equity Fund: Nonprofit LIHTC syndicator with national platform providing equity for affordable housing developers. Competes with Cabretta for both developer-side origination and institutional investor capital.
Others
- Novogradac & Company LLP: Accounting and advisory firm exclusively serving the LIHTC, historic, and renewable energy tax credit industry. Comparable ecosystem participant through which Cabretta reaches institutional investors and developers via conferences and consulting.
Broad incumbents
- Wells Fargo Community Lending and Investment: Bank-affiliated tax credit equity and community development lending platform. National scale incumbent with broader product portfolio competing for the same institutional tax credit investor relationships.
- PNC Real Estate (Tax Credit Capital): Bank-affiliated LIHTC syndication and equity placement business with national reach. Broader incumbent competing with Cabretta, especially for institutional investor mandates and large multi-state developers.
- Capital One Community Development Finance: Large bank-affiliated LIHTC and community development equity provider. Competes with Cabretta for institutional tax credit placements and corporate tax liability solutions.
Regional players
- Magnolia Capital (Southeast): Regional tax credit syndicator serving the Southeastern United States with LIHTC and historic credit expertise. Geographic overlap with Cabretta in Georgia, South Carolina, and surrounding states.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
Cabretta Capital social profiles
Digital presenceCabretta Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cabretta Capital leadership team
Management profileNumber of profiles
Profiles13 records
Cabretta Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cabretta Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cabretta Capital
What does Cabretta Capital do?
Cabretta Capital is a specialty finance firm that structures and syndicates tax credit equity, connecting developers and property owners who produce government tax credits (e.g., Low Income Housing, Historic, Renewable Energy, Film, Abandoned Building, and Textile Mill credits) with banks, insurance companies, corporations, family offices, and high net worth investors who use them to offset tax liabilities. The firm underwrites, places, and asset-manages tax credit investments across multiple states with emphasis on Georgia and South Carolina.
Is Cabretta Capital a public or private company?
Cabretta Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cabretta Capital founded?
Cabretta Capital was founded in 2015. It employs 11 to 50 people.
Where is Cabretta Capital based?
Cabretta Capital is headquartered in Savannah, United States, in the North America region.
How does Cabretta Capital make money?
One revenue line is on record: tax Credit Syndication.
Who are Cabretta Capital's main competitors?
Direct peers on record are Hunt Capital Partners, Boston Financial Investment Management, Enterprise Community Partners, Raymond James Tax Credit Funds and National Equity Fund. Novogradac & Company LLP is listed as an others. Broad incumbents are Wells Fargo Community Lending and Investment, PNC Real Estate (Tax Credit Capital) and Capital One Community Development Finance. Magnolia Capital (Southeast) is listed as a regional player.
Does Cabretta Capital have an API?
No public API is recorded for Cabretta Capital.
What industry is Cabretta Capital in?
Cabretta Capital's product category is Tax Credit Syndication / Specialty Finance. Its primary akta.pro industry code is FSAEALAM, Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds), with a secondary code of FSAAAHAG, Private Credit / Direct Lending. Its NAICS code is 52231 and its SIC code is 6163.