State of Oregon
Salem, OR
$28,293,000
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
