Advisory: Incentive Financing
DiPerna Advisors has assisted its clients in closing incentive-backed financing for highly complex, master planned developments by consistently delivering a strong level of diligence, care and deal team leadership. Securing public finance capital for our clients is a tedious and difficult process that we coordinate from A to Z. Once we successfully procure the incentives, we will develop a cost-effective monetization plan for those incentives and execute the closing.
We have structured and closed various tax incentive secured bond financings for our clients throughout Ohio, Illinois, and Michigan. Since Firm inception, we have advised on the closing of over $1 billion in these special tax-secured bonds which include Tax Increment Finance, Special Assessment Districts, Tourism Development Districts, and New Community Authorities.
Credit: Bond Fund Financing
DiPerna serves as the financial advisor and manager of eight investment grade, economic development bond funds across the state of Ohio. These bond funds provide long-term, fixed rate debt with credit enhancement ranging from S&P rated AA+ to A- . By combining the bond funds with our network of capital providers, we raise capital for even the most complicated development projects. While serving as financial advisor, these bond funds have financed over 150 projects for ~$750 million and for a wide range of asset types in the middle-markets including:
Infrastructure and parking facilities Mixed-Use Developments
Corporate Headquarters and Class A Office Manufacturing and Industrial Facilities
Senior Care Facilities Entertainment and Hospitality
Servicing: Bonds and Incentives
Often, incentive-backed revenue bonds require on-going administration in order for the bonds to be paid on-time and in-full. DiPerna is experienced in providing these services on behalf of bond issuers throughout Ohio. In addition, DiPerna serves as a dissemination agent for many of its clients, generating and providing detailed continuing disclosure reports to EMMA as required.
DiPerna is skilled in its ability to analyze and project real property taxes for its clients and can serve as a feasibility consultant for underwriters and placement agents that require a tax increment feasibility study for their offering into the capital markets.