The unique “Unified Credit Facility” is at the heart of many Julius-designed funding solutions.

This multi-purpose, evergreen credit facility results in an optimized and simplified portfolio of all forms of taxable and tax-exempt debt.

MAXIMIZE FINANCING OPTIONS BY USING THE UNIFIED CREDIT FACILITY

THE UNIFIED CREDIT FACILITY:  ELEMENTS

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SENIOR MORTGAGE BOND
 Source  Investor or Donor
 Tax Status  Taxable
 Term  10 – 20 Years
 Description  Interest-only Payments
 Sample Uses  Pledge receivable financing, Refinance
JUNIOR MORTGAGE BOND
 Source  Investor or Donor
 Tax Status  Taxable
 Term 10 – 30 Years
 Description Interest-only Payments
 Sample Uses Structured giving, credit enhancement
COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY (C-PACE)
 Source  Specialty Lender
 Tax Status  Taxable, No Mortgage
 Term  25 – 30 Years
 Description  Amortizing Bond (25 – 30 Years)
 Sample Uses Energy related, Water related
SENIOR MORTGAGE LOAN
 Source  Bank Lender
 Tax Status  Taxable or Tax-Exempt
 Term  5 – 10 Years
 Description  Amortizing Loan (25 – 30 Years)
 Sample Uses  Construction draw facility, line of credit

SOLVING YOUR FUNDING GAPS: AN EXAMPLE

$90M Project

Example: A Catholic diocese identifies a senior living community as a priority project with a fully-loaded cost of $90M.

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DEVELOP "CREATIVE EQUITY"

Utilizing Julius Capital’s experienced team of professionals, assess all contributions, credit support, or other cashflows that are not currently providing a return.

“Creative Equity” can include: in-process capital campaigns, land donations, project cashflows, letters of credit, and other non-traditional credit enhancements.

Example: The diocese has no cash to contribute to the project. Land, however, is provided as an “in-kind” donation of $2.5M. Additionally, a capital campaign of $10M and projected cashflows of $17.5M from other revenue sources are included as “creative equity” sources.

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OPTIMIZE JUNIOR DEBT

A donor friendly instrument, junior debt’s “second position” in the mortgage and longer maturities allows donor’s to achieve the yield they need.

Junior debt’s benefits for your organization and donors makes it ideal for structured giving campaigns.

Example: Requiring improved returns, the diocese’s Deposit & Loan purchasers $10M of junior bonds with a 5% yield and contributes the proceeds to the senior living project.

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ADD SUPPORTABLE SENIOR DEBT

Leveraging your organization’s local banking connections and Julius Capital’s industry network, the inclusion of senior debt in your credit facility ensures you receive the most competitive interest rates.

Customized for your organization’s needs, senior debt can be any combination of loans and bonds.

Example: Local banks won and agreed to pay $50M Sr. X-Bonds. Julius Capital places an additional $2.5M Sr. A-Bond. Total Sr. Debt capped at $45M due to loan-to-value covenant.

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UTILIZE C-PACE FINANCING

A new source of funding for energy and water capital improvements, Commercial Property Assessed Clean Energy (C-PACE) allows for 100%, 10 to 30 year fixed rate financing. Available for new construction or older facility upgrades. C-PACE financing requires no guarantee or mortgage lien and can be prepaid.

Example: Julius Capital secures the projects final $5M through C-PACE financing to cover the energy and water portions of the facility.

Project Funded