State of Oregon

Salem, OR


99% Loan to Cost (LTC) permanent CTL Private Placement Bond financing.
  • State police headquarters with lease appropriations risk, subject to payment of a declining termination fee
  • Required a “Go Dark” value of not less than the maximum differential between the termination fee and note amount
  • Site mapped within a 100-year flood plain, but flood insurance was not required
  • 99% loan to cost
  • 19.4 yr. term / fully amortizing