Coughlin & Co - Since 1932

A church organization had worked years on its capital campaign and had completed the shell of its new worship space but lacked funds to complete construction.

Our Solution:
Coughlin designed, structured and sold taxable bonds whose proceeds provided construction and permanent financing on a fixed rate basis for 30 years with the ability to prepay their obligations from non-borrowed funds at any time. The sponsoring institution purchased a portion of the bond issue as “junior” bonds to serve as credit enhancement. The transaction also involved the creation of a master trust indenture so that the sponsoring institution may use the same structure and documents for their future financing needs.