Our practice has a particular focus on nonprofit organizations and the issues they face. We represent nonprofit clients in all sectors, including universities, hospitals, associations, social service organizations, private schools, housing, elderly housing/nursing home operators and owners, and museums and arts organizations in the use of tax-exempt and taxable debt to finance their facilities and equipment. We have a thorough understanding of the unique concerns, and legal, tax, governance, and business needs of nonprofits and the unique interplay of regulatory factors and tax requirements as applied to nonprofits. Our representation of both borrowers and creditors in nonprofit financings enables us to structure transactions that protect creditors’ security interests while ensuring that non-profit borrowers are able to fulfill their missions.
Transactions run the gamut from credit enhanced and unenhanced tax-exempt and taxable bond financings, bank qualified and non-bank qualified direct bond placements, credit facilities, secured and unsecured loans, receivable financings and asset based financings. We assist our clients reposition non-core assets, restructure existing loans, obtain new loans and credit facilities, finance new facilities, and obtain grants and philanthropy in furtherance of their capital project needs.