bond programs

NORTHWEST OHIO BOND FUND

The Northwest Ohio Bond Fund provides small and medium-sized companies access to the national capital market as if they were A Investment Grade companies. It provides:

  • Financing for projects from $2 million to $25 million

  • Fixed interest rates for full term of the bonds

  • Typically 90% financing and 10% equity

  • Financing up to 30 years for land and buildings

  • Financing up to 10 years for equipment

  • Tax exempt bonds for manufacturing, non-profit 501(c)3 and governmental operations

  • Taxable bonds for all other projects

INFRASTRUCTURE FINANCING

Infrastructure Financing helps developers, governmental entities and other organizations finance improvements such as streets, curbs, and parking facilities. The Toledo-Lucas County Port Authority has provided over $100 million in Tax Increment Financing (TIF) and special assessment-backed bonds in tax-exempt, long-term, fixed-rate bond financing. Other benefits include:

  • Possibility of 100% financing

  • Lower cost of construction

  • Fixed interest rate, tax exempt financing

  • Terms of up to 32 years

CONDUIT BOND STRUCTURE

The Toledo-Lucas County Port Authority can serve as the Issuer for the purpose of making proceeds available to an entity in furtherance of a public purpose by way of Industrial Revenue Bonds, Hospital Revenue Bonds, Non-Profit Bonds and Housing Bonds.

  • Financial strength based upon credit of the company or non-profit organization 

  • Rated or non-rated bonds sold in capital markets or privately placed with banks

  • Capacity to issue bank-qualified, tax-exempt debt

CAPITAL LEASE TRANSACTION

The Toledo-Lucas County Port Authority can provide bond financing of large construction projects with a Capital Lease Option that enables borrowers to take advantage of sales tax savings.

  • Savings of State & Local sales tax on construction materials

  • Lease payments will fully amortize debt

  • Buyout option allows company to buy asset for $1 at the end of lease

  • Assets & liabilities are placed on the company's balance sheet

  • No Prevailing Wage Requirement

  • Reduces construction costs and improves Loan-to-Value

CONTACT: Craig Teamer, Director of Finance and Special Projects

cteamer@toledoport.org | 419.214.4182