Capital Issue Newsletter Spring 2011

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We're glad to share within the spring edition of The Capital Issue some of the positive outcomes achieved by borrowers in 2011, including those that mitigated negative arbitrage costs and those who tapped every resource to keep their projects moving.

The markets are unpredictable. Financings continue to get done, and borrowers who need to issue debt this year have been finding ways to to do. On the flip side of the balance sheet, these borrowers are also reviewing their investments in the context of new or newly modified debt, a concept explained in our Nonprofit Minute article on liability-driven investing.

If you have any questions on these topics or would like us to visit in person to explain them, please don't hesitate to contact us.

- Tom Green, CEO

Feature

Multi-Tracking: Simultaneous pursuit of financing options saves time, money
Borrowers who multi-track financing options can switch tracks faster, lose less time and spend less money than those who must start over if the initial option fails to pan out or if another more affordable option becomes available. [more]

Health Care

Slaying the Monster Called Negative Arbitrage
For some hospitals, the cost of negative arbitrage has become a bad-monster-movie metaphor. Why has negative arbitrage become so costly, when will its effect dissipate, and what mitigation strategies currently exist? [more]

Senior Living

Surviving Deal Fatigue
When it comes to maneuvering a loan application through HUD’s crowded queue, patience is paramount. So too, are accuracy, attention to detail, thoroughness, and an understanding of health care credit characteristics and the HUD loan process. [more]

Affordable Housing

Housing Finance Finesse: Intricate structures fund two developments
Two rehabilitation projects, one affordable and one market-rate, combine a total of 10 funding sources to demonstrate that in a challenging environment, the art of the financing plays as big of a role as the science. [more]

Nonprofit Minute

Investing with a Purpose: A liability-driven investing approach
Utilizing a liability-driven investing approach allows institutions to determine their specific risk tolerance, while defining risk tolerance based on types of volatility beyond just stocks and bonds allows for the inclusion of alternative asset classes. [more]

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