April 22, 2015
PIDC’s extensive experience in bond financing— featuring a streamlined approval process and highly competitive fee structure— has helped 94 non-profits and other eligible borrowers on the issuance of $3.4 billion of tax-exempt bonds over the past ten years.
In 2014, PIDC completed 20 Tax-Exempt Bond transactions for $869 million dollars for a variety of charter and private schools, higher education and medical institutions, non-profits, and affordable housing projects. Tax-exempt financing offers a low cost of capital financing option for established organizations with a history of profitability. Depending on structure, tax-exempt bonds can offer qualifying organizations the opportunity to access funding at a longer term and no loan-to-value (LTV) requirement.
Act now while interest rates remain at historic lows, before their expected increase later this year.
If you or your clients are exploring tax-exempt bond financing, find out more about how PIDC can help. Visit pidcphila.com/product/tax-exempt-bond-program or contact Carol de Fries at 215.496.8150 or