Type of Financing
Taxable Private Placement
Financing Amount
$10,000,000
A religious organization needed funds to finance construction and renovation of a 100+ year old building for re-use as housing for members of the organization and needed low-cost construction and permanent financing with attractive prepayment options.
Our Solution:
Coughlin identified a private placement investor that provided this loan at a 10-year fixed rate equal to 4.13%. The loan is prepayable at any time after five years with no additional cost or penalty.