A SUCCESSFUL YEAR FOR TAX-EXEMPT FINANCE
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. Below is a snapshot of some of the organizations we served this past year.
Through PAID, PIDC offers tax-exempt bond financing for certain 501(c)3 organizations and manufacturers to support building improvements, capital projects, major equipment purchases, or to refinance existing debt. 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. PIDC has significant experience in tax-exempt financing and offers a streamlined approval process and competitive fee structure.
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 firstname.lastname@example.org.