|
Home Page
The Firm
Prospective Borrowers
Contact Us
|
Eligible Borrowers
Any not-for-profit organization which is set up under section 501(c)3 of the IRS Code can benefit from tax-exempt bond financing, including;
- Community based Mental Health Agencies
- Community based Mental Retardation Service Providers
- Community based Rehabilitation Facilities
- Community based Facilities for Children and Family Services
- Community based Drug and Alcohol Abuse Facilities
Credit qualifications:
All borrowers must...
- Have prepared audited financial statements.
- Be legally organized as certified by the borrower's attorney.
- If a not-for-profit corporation, the entity must qualify as a 501(c)(3) tax-exempt organization.
- Meet certain credit worthiness requirements which are based on the size of the organization, and the source of funding.
Other requirements:
It is essential that the project being financed is for the mission of the non-profit corporation, and not for the benefit of any individual, or any for-profit business.
- Property being acquired must be purchased at appraised value or less.
Municipal Capital Markets Group, Inc. is a member firm of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Please contact us at (972) 386-0200.
< Previous | Next >
|
|
