St. Dominic Parish needed a new church and related facilities to accommodate growth and to replace aging facilities at this well-established and dynamic Parish.
Type of Financing
Taxable Bonds
Financing Amount
$4,950,000
Our Solution:
Coughlin worked with the Parish to design, structure and place taxable, fixed interest rate bonds whose proceeds provide both construction and permanent funding for the new church and related facilities with fixed rate maturities that range from 1 to 23 years. Generous prepayment provisions allow the Parish to retire the debt in advance as its resources allow. These securities were sold to a nationwide network of individual and institutional investors.