Delaware Statutory Trusts for a 1031 exchange
A discussion of fractional ownership and Delaware Statutory Trusts for a 1031 exchange
Why waste-to-energy projects fail
Prassas Capital has been involved with renewable energy, and specifically waste-to-energy, finance for the past ten years. We have focused on project finance, rather than financing the companies themselves. We have worked with scores of bootstrap developers, attempting to develop and finance projects throughout the range of waste-to-energy alternatives. We successfully financed two anaerobic digestion …
Packaging Risk: How I Financed the Arco Arena
In 1988, I was working in San Francisco, desperate to escape the drudgery of proposals and spreadsheets that define an apprenticeship in investment banking. Like a struggling actor waiting tables, I was looking for that one break, that one deal, to launch my career. That deal was the Arco Arena. Once upon a time, sports …
Debt Financing
A Tale of Two Clients In 2006, I met with two potential corporate clients. Coincidentally, they had about the same annual revenue, were in the same industry, and were located in the same broad metropolitan area. Each wanted to borrow about $10 million for capital (long-term) projects. I?m not sure why the first prospect even …
Lemons to Lemonade: How Island Pacific Academy beat the Credit Crisis
Press Release. October, 2009 Kapolei, Hawaii: Six months ago, Island Pacific Academy was like many start-up independent schools. Even though it had enrolled 650 students PK-11 in four years of existence, it struggled to meet the debt service on a $20 million bond issue amidst rising costs and the stagnant enrollment of the current recession. …
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