Bassuk, who also arranged a forward commitment on permanent financing
for the project from Helaba, said, "This cutting edge financing
is the first time a commercial bank has agreed to provide permanent financing
on such advantageous terms and is a very positive development for project owners.
They were best in show," says Jeff Davis, president of SCO Financial Group, a New York boutique investment bank that specializes in life-sciences companies and agented Bioenvision's PIPE financings
These rules should be distinguished from the more general rule that a structure with multiple unrelated IE's may be a financing
arrangement if each of the entities qualifies as a conduit under the usual rules.
After more than 20 years this book is still the acknowledged standard text on project financing
The Singer & Bassuk Organization (SBO) specializes in providing construction and permanent financing
for real estate projects for our clients.
The second party is an "intermediate entity," which receives funds from the financing
entity and then lends funds to the third party, a U.
- grant/award deal is fully categorized, includes a detailed description, and includes financials such as headline value, upfront and milestone payments, where disclosed.
While we enter 2006 in an atmosphere of climbing interest rates, a decline in 80/20 project possibilities and the exhaustion of the popular Liberty bond program, we still believe that 2006 will be an enormously good year and that developers will enjoy a wealth of financing
Van Negris, Chairman of JNS said, "We are pleased to have partnered with Strategic Capital Solutions for the financing
of our Anabey project.
in the amount of $10o5 million was arranged in a transaction where the loan proceeds were used to refinance and prepay an existing loan.
Very few firms have the capability and flexibility to provide both levels of financing
at once," said Chris Mangan, a GE managing director.
Dealing with these changed circumstances, SBO has required seller/servicers with Freddie Mac and DUS lenders with Fannie Mac to compete for the right to represent an owner seeking permanent financing
for a project--an unprecedented event.