05.3.2016 | Articles / Publications
Construction Executive: The Best Kept Secret for Financing Construction Projects
In an article published in the May issue of Construction Executive, Peter Vilmos and Brian Watson discuss bond financing and how construction executives can use it to finance their construction projects.
Vilmos and Watson describe that whether constructing a facility for a nonprofit organization, a manufacturer, a health care entity or almost any other owner, a company is likely eligible for bond financing. They explain that, “Depending on the size of the project, utilizing tax-exempt and taxable bond financing as an alternative to traditional loans can save hundreds of thousands of dollars or more.” The article also describes the difference between taxable and non-taxable bonds and discusses Industrial Development Bonds (IDBs). Vilmos and Watson conclude, “Any construction executive involved in the finance or cost structure of an ongoing project, including executives involved in business development, must familiarize themselves with bond financing and the prospect of using it in their own business and as a means for developers and other project owners to afford construction projects otherwise out of reach.
To read the article, click here.