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
For more information:
Craig Teamer
Manager, Finance & Special Projects
Email: cteamer@toledoport.org
Phone: 419.243.8251