Monge Capital
Monge Capital is a Latinx-owned MBE capital advisory firm that structures complex tax credit and public-private financing for real estate developers, nonprofits, and government agencies serving underserved communities across all 50 states, DC, and Puerto Rico, with over $3 billion in closed projects.
- Company typePrivate
- Founded2009
- HeadquartersNewark, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Monge Capital does
Monge Capital is a privately held, Latinx-owned Minority Business Enterprise (MBE) capital advisory firm headquartered at 6 Atlantic Street in Newark, New Jersey. Founded in 2009, the firm specializes in real estate and business capital solutions for underserved and disadvantaged communities, with a service portfolio spanning Real Estate & Business Advisory, Tax Credit & P3 Financing, Opportunity Zone & Private Equity advisory, Investment Fund Management, Community Development Entity (CDE) Services, and Investment & Development. Its core technical differentiator is niche expertise in federal tax credit financing—principally New Markets Tax Credits (NMTC), Historic Tax Credits (HTC), and Opportunity Zones—combined with capital structuring capabilities for complex public-private capital stacks. The firm has closed over $3 billion in projects and serves clients across all 50 states, the District of Columbia, and Puerto Rico.
The business model is professional services advisory: fees are generated from structuring mandates, CDE advisory and compliance work, fund management engagements, and—in select cases—LP/GP joint venture participation in real estate development. Pricing is custom and not publicly disclosed, consistent with B2B transaction-based advisory. Go-to-market is enterprise field sales combined with community-led sourcing, leveraging relationships with CDFIs, banking institutions, government agencies, nonprofit sponsors, and developers. Customer segments are diversified across real estate developers, nonprofit institutions (healthcare, education, cultural), governmental agencies, operating businesses, banking institutions, and investors, with named flagship clients including NJPAC ($332.8M), Destination Crenshaw ($102.8M), Boys & Girls Clubs of Puerto Rico ($43M), The Hip Hop Museum ($61.8M), Carmen Schools ($61.4M), and Urban Health Plan (multiple transactions across Bronx/Queens). The firm operates with a lean team of approximately 8 named professionals drawn from Citi Community Capital, MetLife Investment Management, JPMorgan, Prudential, Deloitte, and HR&A Advisors, and holds no parent company or external institutional backing based on available disclosures.
Monge Capital firmographics
Firmographics- Name
- Monge Capital
- Legal name
- Monge Capital
- Website
- https://mongecapital.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Monge Capital is a Latinx-owned MBE capital advisory firm that structures complex tax credit and public-private financing for real estate developers, nonprofits, and government agencies serving underserved communities across all 50 states, DC, and Puerto Rico, with over $3 billion in closed projects.
- Ownership category
- akta.pro rank
Monge Capital industry classification
Industry- Product category
- Real Estate Capital Advisory
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Corporate Finance & Capital Advisory (BPAHADAB)
- akta.pro secondary industries
- Project Finance Capital Raising Intermediation (FSAEALAJ), Infrastructure Debt Funds (FSANAEAL), Municipal Finance, Treasury, Budget & Procurement (BPAIACAC)
Keywords
Where Monge Capital is headquartered
LocationHeadquarters
- HQ city
- Newark
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Monge Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Capital Advisory Services: Advisory fees for structuring complex real estate and business financing transactions. Services include innovative financing solutions, capital structuring strategies, and leveraging public and private sector networks for project financing.
- Tax Credit Financing Advisory: Specialized advisory services for New Market Tax Credits, Historic Tax Credits, and Opportunity Zone transactions. Niche expertise in creating capital stacks that earn feasible returns through federal tax credit financing.
- Investment Fund Management: Services include financial reporting, audit facilitation, distribution analysis, and cash flow analysis for investment funds.
- CDE Services: Community Development Entity services including strategic planning, NMTC application strategy and guidance, training, compliance reporting, and QALICB management.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Monge Capital product offering
Product offeringCore offering
Monge Capital provides capital advisory and structured finance services for real estate and business projects, with a specialty in federal tax credit financing including New Markets Tax Credits (NMTC), Historic Tax Credits, and Opportunity Zones. The firm structures complex capital stacks combining public and private financing sources to support projects in underserved and disadvantaged communities.
Product overview
Monge Capital operates as a single unified advisory practice rather than a modular software platform. The firm offers an integrated suite of capital solutions comprising Real Estate & Business Advisory, Tax Credit & P3 Financing, Opportunity Zone & Private Equity, Investment Fund Management, CDE Services, and Investment & Development. These services work together to provide comprehensive project financing, combining New Markets Tax Credits, Historic Tax Credits, Opportunity Zones, and traditional debt/equity structuring for real estate and business ventures in underserved communities. The company has closed over $3 billion in projects and serves all 50 states, the District of Columbia, and Puerto Rico.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate & Business Advisory Provides innovative financing solutions and capital structuring strategies supported by a vast private and public sector network to establish symbiotic funding partnerships for real estate and business projects.
- Tax Credit & P3 Financing Attracts and leverages private investment with public investment through niche expertise in tax credit equity, with focus on New Markets Tax Credits (NMTC) and Historic Tax Credits to create capital stacks that earn feasible returns.
- Opportunity Zone & Private Equity Provides investment and real estate advisory services including market assessments, owner representation, asset management, and investor and lender relations for Opportunity Zone investments.
- Investment Fund Management Manages financial reporting, quarterly financials, audit packages, audit and tax facilitation, distribution analysis, and cash flow analysis for investment funds.
- CDE Services Community Development Entity services including strategic planning, NMTC application strategy and guidance, training, process development, AMIS reporting, investor reporting, certification, advisory board validation, QALICB management, and CDFI Fund facilitation.
- Investment & Development Engages in joint venture partnerships for real estate development as both LP or GP and direct investment in community development projects.
Quantifiable outcome
- Over $3 billion in projects closed
- +2 more outcomes
Companies that use Monge Capital
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles5 records
Monge Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Monge Capital partnerships and signals
Strategic signalPartnerships
55 partnerships are on record, tiered core, minor and major.
- LendistrycorePartnership on $23.5 million NMTC-backed small business loan fund expanding access to affordable capital for underserved small businesses across the U.S., targeting BIPOC- and women-owned businesses. Monge Capital supported fund design, developed underwriting parameters, and advised on deployment strategy.
- Foodirect, Inc.minorMinority-owned food distribution company for which Monge Capital helped secure public financing for expansion at Hunts Point Cooperative Market.
- Urban Health PlanmajorMultiple transactions including Plaza del Sol ($14.1M FQHC expansion), main campus expansion ($55M), Park Tree Medical Plaza ($6.7M), and broader expansion ($75.8M) across Bronx and Queens locations.
- Community Healthcare NetworkmajorFederally Qualified Health Center with multiple transactions including LES & LIC relocation ($10.2M), Bronx relocation ($10M), and Tree of Life Health Center ($10.1M).
- Boys & Girls Clubs of Puerto RicomajorSponsor of Oasis Hub project ($43.3M, 136,223 SF charter school anchored holistic community hub in San Juan). Monge Capital structured NMTC financing and represented the organization in closing.
- Ryan Companies US, Inc.majorDeveloper of Midtown Exchange Commons ($83.3M, 500,000 SF mixed-use redevelopment of former Sears distribution center in Minneapolis).
- Fidelco Realty GroupmajorDeveloper of Rock Plaza Historic Redevelopment ($38M, 110,000 SF mixed-use in Newark) and 494 Broad Street Expansion ($78M, 285,000 SF with parking garage).
- Metropolitan Boston Housing Partnership (MBHP)majorSponsor of Mission Hill at Roxbury Crossing project ($44.7M, 78,050 SF transit HUB with headquarters, affordable housing, and retail).
- Struever Bros. Eccles & RousemajorDeveloper of American Tobacco Historic District projects in Durham, NC including Old Bull ($41.4M) and Noell ($23.6M) historic redevelopments.
- AudiblemajorGlobal headquarters tenant at Innovation Cathedral project ($67.1-69.1M, 75,000 SF adaptive reuse of historic church building in Newark).
- Children's Home Society of NJminorNonprofit client for $9.9-13.7M early childhood learning center and nonprofit HQ redevelopment in Trenton and Hamilton, NJ.
- Hanini GroupminorDeveloper of People's Bank Building historic redevelopment ($22.9M, 105,354 SF in Passaic, NJ).
- WE ACTminorEnvironmental justice nonprofit for $5.66-7.2M Urban Environmental Justice Center and headquarters in Harlem (7,819 SF).
- Urban League of Essex CountyminorCivil rights nonprofit for $5-7M homeownership initiative developing 8 affordable two-family homes in Newark.
- Chicago TRENDmajorBlack-led real estate firm for Edmondson Village Shopping Center revitalization ($30.9M, 135,000 SF in West Baltimore).
- Hugo Neu CorpmajorOwner/developer of Kearny Point adaptive reuse projects including Building 197 ($27.4M, 197,600 SF) and Building 78 Extension ($21.7M, 90,000 SF).
- Simone DevelopmentmajorDeveloper of Metro Center Atrium ($112.5M, 354,000 SF mixed-use in Bronx with medical offices, hotel, retail, fitness center).
- The Hip Hop MuseummajorCultural institution anchor for Bronx Point development ($61.8M, 57,000 SF museum dedicated to Hip Hop history and culture).
- BRICK EducationmajorSponsor of Southward Wellness Center ($42M, 46,500 SF healthcare and wellness development in Newark's South Ward).
- Marvin Harvin CDCminorDeveloper/sponsor of Southern Streams Health and Wellness Center ($32.2-32.4M, 108,000 SF in East Baltimore).
- MCB Real EstatemajorBaltimore-based development firm led by David Bramble with multiple projects including Northwood Commons ($34M retail), Yard 56 ($75.9M+ retail), and Yard 56 II Medical Plaza ($36.6M). MCB also developed Madison Park North in Opportunity Zones.
- Inquilinos Boricua en Accion (IBA)majorLatino nonprofit developer of La CASA Community Center ($32-33M, 26,000+ SF cultural center in Boston's Villa Victoria neighborhood).
- Centerstone of FLminorMental and behavioral healthcare provider for $5.7-6M hospital expansion (36,000 SF) in Bradenton, FL addressing opioid crisis.
- Rosalind Franklin UniversitymajorUniversity for Innovation Research Park project ($50.5M, 100,000 SF research facility in North Chicago, IL promoting biotech and life science advancements).
- TUFF (The University of Fintech)minorPartner with Rosalind Franklin University for Innovation Research Park development.
- Alianza DominicanamajorDeveloper of Alianza Triangle Building ($35M, 48,000 SF community facility in NYC serving nonprofit organizations, cultural center, credit union, and community board offices.
- Queens Community HouseminorCommunity organization for $9.4M Forest Hills community center renovation (19,000 SF) supporting youth, seniors, immigrants, and families.
- Community Healthcare AssociatesmajorDeveloper of Rockaways Medical Arts Complex ($30M, 55,500 SF healthcare facility restoring services following Superstorm Sandy hospital closures.
- Maya CinemasminorHispanic-owned cinema developer for Maya Cinemas Bakersfield 16 ($27.5M, 96,360 SF multiplex serving underserved Latino communities.
- Oakland LLC / Bonds CompaniesminorDeveloper/owner for Whole Foods Market project ($37M, 56,528 SF adaptive reuse of historic Cox Cadillac building in Oakland, CA.
- DC PrepminorWashington DC public charter network for $26.2M elementary campus renovation (50,000 SF) serving underserved neighborhood.
- Foodirect, Inc.minorMinority-owned enterprise for $22.2M food distribution center expansion at Hunts Point Cooperative Market in Bronx (72,900 SF).
- New Jersey Performing Arts CentermajorClient for NJPAC District project ($332.8M, 580,000 SF mixed-use redevelopment connecting arts center with downtown Newark and riverfront park.
- Drug Abuse Comprehensive Coordinating Office (DACCO)minorBehavioral health nonprofit for $20M expansion (20,000 SF) providing residential treatment and supportive housing for women and children in Tampa, FL.
- Platform for Social ImpactmajorPartner with Boys & Girls Clubs of Puerto Rico for Oasis Hub development representing the organization in financing closing.
- Destination Crenshaw, Inc.majorNonprofit organization developing $102.8M, 1.3-mile cultural infrastructure project in Los Angeles honoring Black artists and businesses.
- MCB Real EstatemajorDeveloper of Northwood Commons ($34M, 100,000 SF shopping center in Baltimore with Lidl, Barnes & Noble College Cafe, and Public Safety Center for Morgan State University.
- 45-57 Edison Place, LLCminorDeveloper for $6.8M downtown Newark warehouse redevelopment (37,600 SF) supporting restaurants and commercial uses.
- Crow HoldingsmajorCorporate headquarters tenant for Old Parkland Campus redevelopment ($59.2M, 70,000 SF historic property transformation in Dallas, TX).
- Lower Eastside Girls ClubminorNonprofit for Center for Wellbeing & Happiness ($7.7M, 5,000 SF acquisition and renovation in NYC serving over 1,500 individuals including 500 seniors.
- Breaking Ground / CHNmajorHousing developer for Sutphin Senior Residence and Clinic ($60-125M, 145,000 SF with 170-unit affordable housing and 15,000 SF clinic in Queens).
- Hugo NeumajorOwner of Kearny Point property (130-acre former shipyard) with multiple adaptive reuse projects including Buildings 78, 100, and 54.
- ARC Properties, Inc.minorLocal developer for Walgreens Pharmacy ground-up development ($7.2M, 14,820 SF in Paterson, NJ).
- Boys & Girls Club of Mercer CountyminorYouth development organization for $10M facility expansion (35,000 SF) in Lawrence, NJ with gym, STEM center, and classrooms.
- Boys & Girls Club of NewarkminorYouth organization for $6.6M facility renovation (28,175 SF) expanding services from 500 to 1,000+ youth daily attendance.
- Boys & Girls Club of Paterson & PassaicminorYouth organization for $7M renovation (76,000 SF across two locations) with STEM Center, pool, and arts facilities.
- Baltimore Medical SystemsmajorFQHC anchor tenant for Yard 56 II Medical Plaza ($36.6M, 72,000 SF healthcare development in Baltimore).
- Joseph P. Addabbo Family Health Center, Inc.minorFQHC for $23.4M Arverne location renovation and expansion (21,865 SF LEED Silver facility in Queens).
- Village Super Market IncminorShopRite operator for $68,000 SF grocery store development at Brick Church Station in East Orange, NJ.
- Urban Health Plan, Inc.majorFQHC system with multiple expansions including main campus ($55M, 54,000 SF LEED-certified), Plaza del Sol ($14.1M), Park Tree Medical Plaza ($6.7M), and broader expansion ($75.8M, 96,500 SF) across Bronx and Queens.
- New York Public LibraryminorOwner of Schomburg Center for Research in Black Culture for $17M renovation and expansion (61,032 SF in Harlem).
- Studio Museum in HarlemmajorCultural institution for $125M new construction (82,000 SF museum dedicated to artists of African descent in Harlem).
- Carmen Schools of Science & TechnologymajorCharter school network for $61.4M new campus (120,000 SF) in Milwaukee with classrooms, gymnasium, STEAM lab, and athletic field.
- Morgan State UniversityminorHBCU partner for Northwood Commons project with Public Safety Center serving university students and surrounding community.
- Monge CapitalcoreSelf-described as project full service developer and financier for Newark Synergy ($2M, 4,000 SF adaptive reuse housing headquarters and MWBE business incubator).
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
Monge Capital competitors and assessment
Company assessmentEmerging players
- Capital Impact Partners: National CDFI providing lending, investment, and advisory services for community development projects across healthcare, education, and affordable housing. Overlaps with Monge's CDFI partnerships and target segments, though Capital Impact operates more as a direct lender.
- Calvert Impact Capital: Impact-focused financial institution deploying capital into underserved communities via structured notes and community investment funds. Comparable to Monge's impact-oriented community development focus, though Calvert operates at a larger institutional scale.
Direct peers
- National Development Council: National nonprofit providing NMTC allocation, CDE management, and community development advisory services across the U.S. Highly comparable to Monge's CDE Services and tax credit advisory practice, with overlapping client base of developers, nonprofits, and CDFIs.
- Stratford Capital Group: Boutique advisory firm specializing in NMTC and tax credit equity placement for community development projects. Comparable in size, niche focus, and service offering to Monge's tax credit structuring practice.
Others
- Local Initiatives Support Corporation (LISC): National CDFI and intermediary that provides bridge lending, NMTC allocation, and capacity building for community development. Listed as a direct financial partner to Monge on multiple major transactions including the Oasis Hub development in Puerto Rico.
- Enterprise Community Partners: National nonprofit that invests, develops, and advocates for affordable housing and community development. Operates as both a peer (developer-side) and a partner/funder to firms like Monge across NMTC and HTC-financed projects nationally.
Broad incumbents
- Baker Tilly: Major accounting and advisory firm with a Community Development Finance group providing NMTC allocation advisory, tax credit compliance, and CDE services. Competes with Monge on larger institutional mandates where multi-disciplinary capabilities are required.
- Novogradac: National accounting and consulting firm specialized in real estate and community development, including NMTC, HTC, LIHTC, and OZ advisory. Issues the industry-leading Journal of Tax Credits publication and administers industry awards (including the QLICI of the Year award Monge won in 2024).
- CohnReznick: Top-30 U.S. accounting and advisory firm with a dedicated Community Development Finance practice providing NMTC, HTC, LIHTC, and OZ advisory services. Competes with Monge for institutional community development engagements but serves a broader client base with full-service accounting capabilities.
- Nixon Peabody: Am Law 100 firm with a nationally recognized community development finance practice providing legal and advisory services for NMTC, HTC, and affordable housing transactions. Comparable to Monge on complex structured finance mandates but with broader legal capabilities.
Market position
Strengths2 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Monge Capital social profiles
Digital presenceMonge Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monge Capital leadership team
Management profileNumber of profiles
Profiles8 records
Monge Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monge 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 Monge Capital
What does Monge Capital do?
Monge Capital provides capital advisory and structured finance services for real estate and business projects, with a specialty in federal tax credit financing including New Markets Tax Credits (NMTC), Historic Tax Credits, and Opportunity Zones. The firm structures complex capital stacks combining public and private financing sources to support projects in underserved and disadvantaged communities.
Is Monge Capital a public or private company?
Monge Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Monge Capital founded?
Monge Capital was founded in 2009. It employs 1 to 10 people.
Where is Monge Capital based?
Monge Capital is headquartered in Newark, United States, in the North America region.
How does Monge Capital make money?
Four revenue lines are on record. Capital Advisory Services are the primary driver. The others are tax Credit Financing Advisory, investment Fund Management and CDE Services.
Who are Monge Capital's main competitors?
Emerging players on record are Capital Impact Partners and Calvert Impact Capital. Direct peers are National Development Council and Stratford Capital Group. Others are Local Initiatives Support Corporation (LISC) and Enterprise Community Partners. Broad incumbents are Baker Tilly, Novogradac, CohnReznick and Nixon Peabody.
Does Monge Capital have an API?
No public API is recorded for Monge Capital.
What industry is Monge Capital in?
Monge Capital's product category is Real Estate Capital Advisory. Its primary akta.pro industry code is BPAHADAB, Corporate Finance & Capital Advisory, with a secondary code of FSAEALAJ, Project Finance Capital Raising Intermediation. Its NAICS code is 525 and its SIC code is 6199.