Coughlin & Co - Since 1932

Everest Academy sought low-cost construction and permanent financing for a new school facility in suburban Chicago, Illinois.

Our Solution:
Coughlin underwrote 25 year bonds secured by a confirming letter of credit from the Federal Home Loan Bank of Chicago pursuant a special Federal economic stimulus plan program. These “AAA”-rated bonds have enjoyed weekly interest rates below 0.30%.

Coughlin has completed over $50,000,000 of tax-exempt financings for eight schools in six states for the organization that sponsored Everest Academy of LeMont.

These same type of FHLB confirming letter of credit bonds may be completed for non-profit financings completed on or before December 31, 2010.