Investment Banking

• Negotiating Commercial Bank Loans has become a larger part of our practice, as loan availability, rates and terms vary tremendously among lenders, especially if there is a perceived lack of competition.  We have experience with virtually all forms of loans and loan guarantees, and have a reputation for structuring security that satisfies the lender, without compromising the borrower's operational flexibility.

• Bond Private Placements.  In our experience, bonds that are privately placed with a single sophisticated investor, such as a bank or mutual fund, are often more suitable than a public sale, especially for the unrated or less-than-investment-grade borrower.  Our direct relationships with institutional buyers provides our clients with an array of financing options outside the customary boundaries of commercial lending and investment banking

• Lower Origination Fees.  Private placements do not require the same degree of disclosure as a public offering.  As such, origination expenses are significantly lower.
• Competitive Interest Rates.  A thirty-year term bond, priced to the average life of the sinking fund, will have a comparable net interest cost as a serial and term bond public sale.
• Flexible Terms.  Bond terms and covenants can be negotiated and customized with a single lender, to a degree not possible in a public offering.

• Competitive Bond Sales are the most cost-effective vehicle for larger financings by investment-grade borrowers.  As a financial advisor, we manage the sale by constructing all aspects of the financing, marketing the bonds to prospective buyers, and coordinating all parties and document production until closing.

• Recovery Act Funding, as a part of the broad Federal Stimulus program, is available for a limited time to qualifying not-for-profit entities.  Such direct loans, and loan guarantees, offer financing for not-for-profit facilities construction, acquisition, and refinancing, at fixed rates and terms far below current market alternatives.  We are the only firm we know of with the experience, and references, to identify, structure, execute and close such governmentally-assisted financings.