Everest Municipal Leasing
Municipal leasing is a form of financing that involves the
financing of property and equipment utilized by a local or state government organization
and a funding investor. The firms that invest in municipal leases are banks, through their
investment or loan portfolios; insurance companies, finance and leasing companies; and,
individual investors. The key to a successful municipal lease is a thorough understanding
of the transaction coupled with the capability to professionally structure, document and
package the transaction.
The network of investors that Everest utilizes for its funding
activities are astute sources that are in the municipal funding market daily, and are
providing in excess of $1.5 billion of funding annually to this market.
Municipal leasing fills the gap when the property to be acquired
does not merit the requirements of a bond issue and its associated costs; and when the
requirements for obtaining a bank loan may present valid legal concerns.
The primary use of municipal leasing is to acquire property or
equipment too expensive for a cash purchase, but too small to justify the time and expense
of a bond issue. Thus the types of property acquired via municipal leasing can range from:
fire trucks; road maintenance equipment, police cars and broadcast base station; telephone
systems; broadband installations; buses; sanitation trucks; water, gas, and electric
utility property; computers and office equipment. It is simply a matter of convenience and
cost.
Please call us to discuss your municipal funding requirements
whether you are a local or state entity or a funding source seeking additional financing
opportunities.
