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Serving Investors & Developers with Tax Credit Equity
#1 Financier of MA Brownfields Tax Credits 8 years running

Today Dorfman Capital is among the premier financiers of MA brownfields remediation projects, and has expanded to include Federal and State Tax Credits for Historic Reuse, Low Income Housing and Renewable Energy Investment Tax Credits. 



Bob Dorfman, President of Dorfman Capital, has a distinguished track record in structuring and closing innovative financing transactions. Since 1979, as both an agent and principal, Bob has completed approximately $1 billion in financing for corporations and real estate developers. He has committed himself to transforming communities to become economically and environmentally healthy by recycling real estate through brownfields development and historic reuse. 

Prior to forming Dorfman Capital, Bob worked as managing director of investment banking at Advest, Inc., a regional investment banking and brokerage firm; president of Dorfman Securities, Inc., an NASD broker dealer member; and managing partner of venture capital firm Crescent Capital Company, LLC.

A native of Worcester, MA, he earned his BA at Tufts University and an MBA at Boston University. After working in Boston for many years, Bob now serves his clients from Cotuit, on Cape Cod. Bob participates in leading edge executive training programs at MIT and Harvard University.


Miriam Merari

Miriam Merari, Vice President of Dorfman Capital, is responsible for identifying investors’ needs and working with developers to fulfill those capital stack needs. With a diverse business background as fundraiser, serial entrepreneur and business consultant, Miriam’s experience raising capital for critical projects is a vital contribution to Dorfman Capital.

Programs of primary focus include: MA Brownfields Tax Credits; Federal and State Historic Tax Credits; State Low Income Housing Tax Credits; Federal Solar and Renewable Energy Investment Tax Credits.

Miriam has been in the tax incentive industry since the early 1980s, initially raising tax credit equity for transportation equipment leasing partnerships and renewable energy wind farms. As Vice President of the largest leasing company in the U.S., Miriam was directly responsible for raising over one hundred million dollars in tax credit equity, and several hundred million dollars since then. She attended Bentley University, with additional studies in diverse areas of interest. Miriam is a certified yoga teacher, chef, world traveler and student of life.

Dorfman Capital is based on Cape Cod with additional offices in mid-town Manhattan.


The Beginning: The Warren Oil Story

-1It was no accident that Bob Dorfman’s professional career would eventually include brownfields financing.

In 1932 Bob's grandfather, Leon Goldberg, founded the Warren Oil Company, a retail fuel distribution company. Located at 459 Southbridge Street in Worcester, MA, this real estate would become Bob’s first brownfields remediation project.

In 1950 Leon’s son-in-law and Bob’s father, Sidney Dorfman, joined the company and would later establish the Home Oil Company, the first discount fuel oil company servicing Worcester County.  “Sid The Oil Man” became the company’s trademark.

As a boy in the 1960’s Bob worked Christmas Eves delivering oil with Sid when company drivers were not available.  In those days Bob learned how to collect and count money. Bob developed into the company’s star salesman during his college years before entering into the world of finance.

Over a 10 year period from the mid 1980’s to the mid 1990’s environmental standards and regulations became strict and 459 Southbridge Street was subject to the Massachusetts Department of Environmental Protection regulation.  A major cleanup was required and implemented.  Bob by then was established in his career in finance and along with Sidney managed the cleanup project.

459 Southbridge Street was Bob’s first brownfields remediation project. While neither Sidney nor Bob could have predicted it at that time, this experience was the foundation for Dorfman Capital’s expertise and interest in the brownfields finance business. 

Today Dorfman Capital is among the premier financiers of MA brownfields remediation projects, and has expanded to include Federal and State Tax Credits for Historic reuse, Low Income Housing, Film and New Market Tax Credits.