Borrower: St. Vincent de Paul Society of Lane County, Inc., creates employment, housing, and multiple training opportunities for low-income people in order to provide avenues out of poverty for those in need. St. Vincent’s has created a sustainable community model that attacks the root causes of poverty and funds these activities with not-for-profit entrepreneurial business ventures.
Amount of Loan: $3,500,000
Closed: November 25, 2015
Purchasing Bank: Wells Fargo Bank, N.A.
Description of Loan: This Project was undertaken to refinance taxable debt on an existing property and facilitate improvement of properties, all in conjunction with a complex new markets tax credit transaction.
Type of Loan: Traditional Bond – Direct Placement