News & Updates

Florida | DG Farms & Panther Trace II CDD

ANOTHER SUCCESSFUL CLOSING


$10,155,000


DG FARMS COMMUNITY DEVELOPMENT DISTRICT
(Hillsborough County, Florida)


$3,425,000 Capital Improvement Revenue Bonds, Series 2014A-1
$4,200,000 Capital Improvement Revenue Bonds, Series 2014A-2
$2,530,000 Capital Improvement Revenue Bonds, Series 2014A-3


Date: September 9, 2014


Type of Financing: Construction Debt Financing Secured Solely by Real Estate


Project Status: Engineering/Design/Permitting Complete; Construction Commenced Prior to Closing


Construction District: Bond Proceeds Used to Fund Construction Costs


Average Coupon: 6.31%


Repayment Term: 30 Years


DPFG serves as District Manager and Assessment Methodology Consultant to the District


$11,775,000


PANTHER TRACE II COMMUNITY DEVELOPMENT DISTRICT
(Hillsborough County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2014


Date: September 26, 2014


Type of Financing: Current Refunding (Rated/Insured)


Project Status: 100% Horizontally and Vertically Constructed at Closing


Original Principal / Average Coupon: $13,875,000 / 5.60%


Average Coupon: 3.84%


Repayment Term: 21 Years


DPFG serves as District Manager and Assessment Methodology Consultant to the District


To learn more about these transactions or financing like these that could apply to your project, please contact Maik Aagaard at (321) 263-0132 Ext. 201 or email at maik.aagaard@dpfg.com.


Sincerely,


Maik Aagaard - Managing Principal



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