Case Study

Situation: Portland, Maine is home to several colleges, yet most feature limited housing. Rockport, Maine based developer Joseph M. Cloutier saw a need for a high-end apartment complex aimed specifically at the city’s 15,000 college student population. He asked CFA to arrange financing for the 100 suite complex designed to house 400 students. Bayside Village will meet the needs of students’ busy schedules, with amenities like sheltered parking, wireless internet, a fitness room, and bicycle storage.

Solution: Corporate Finance Associates designed a multi-layered capital structure including development stage funding, construction financing, term debt, and municipal tax increment financing totaling $26mm through a combination of short term investors, private equity, and bank financing timed to meet the projects funding milestones.

Popularity: 17% [?]

(These aggressive buyers are shopping now)

Strategic Buyers

With financial buyers hobbled by tight credit, access to acquisition targets is easier, making this an ideal time to acquire selected technologies, proprietary relationships, facilities, management talent, geographic coverage, product lines and joint venture partners.

Well-funded Consolidators

For well-funded, financially-motivated buyers who have the strength to over-fund deals with equity today and recapitalize once bank lenders find their checkbooks again, the field is wide open.

International Buyers

The US dollar is trading at a record low relative to most leading currencies, and America remains the largest single marketplace in the world in almost every category of product and service, so the timing is better now Read the rest of this entry »

Popularity: 20% [?]