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

PROPERTY ASSESSED CLEAN ENERGY (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

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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