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Total Capital Solutions
28 Iowa Street
Oak Park, Illinois 60302
 
Tel: 708.660.0494
Fax: 708.660.9686
 
E-mail: Click Here
Industrial Revenue Bonds
  • Tax-exempt Financing
  • For Middle Market Manufacturers
  • Maximum Bond Size is $10MM
  • Capital Expenditures cannot exceed $20MM in any one municipality over a six year period
  • Can be used to finance new or existing facility (rehab required) and equipment
  • Examples: printers, ice cream makers, production facilities
  • Traditionally rates are 2% below conventional financing (on average)
  • Average variable rate for 2008: 2.49%
   
501(c)(3) Not-for-profit Bonds
  • Tax-exempt Financing
  • Any not-for-profit with a 501(c)(3) designation with a capital project
  • Can potentially refinance existing debt
  • Examples: YMCA, Goodwill, faith-based schools, Organizations for the Developmentally or Physically Disabled
  • Traditionally rates are 2% below conventional financing (on average)
  • Average variable rate for 2008: 2.38%
Taxable Bonds
  • Libor-based pricing
  • Can be used for any Corporate purpose, including refunding of existing debt
  • Funds can be borrowed all at once or staged over time to facilitate borrower’s financing needs with one set of documents
  • Allows client to take advantage of short-term money market libor rates
  • Average variable rate for 2008: 3.46%