Description
Land-secured bonds provide a means of off-balance sheet, long-term financing for the construction of roads, sewer and water systems, schools, parks, parking facilities and other public infrastructure commonly associated with new development. From a high-rise condominium tower in downtown San Francisco, to a master-planned residential community 30 miles north of Phoenix, to a redeveloping industrial park outside of Washington DC, to a “white elephant” commercial center in suburban Maryland, the applicability of land-secured finance is extremely broad.
Stone & Youngberg is the undisputed leader in land-secured finance having structured and underwritten more land-secured bond issues throughout the country than any other investment banking firm. From 2006 through 2010, Stone & Youngberg structured and underwrote 181 non-rated land-secured financings totaling over $2.5 billion, giving us the #1 ranking by both par amount and number of issues.
Stone & Youngberg is the nation's leading underwriter of land-secured debt
Case Studies
¹ Ipreo 2010. The data set is comprised of non-rated, unenhanced, land-secured bonds issued in the U.S. Notes and warrants are excluded, as are bonds secured by revenue pledges other than special assessments/taxes. Land-secured bonds are defined as those issued by a special district which are secured by a lien on the real property in the district, and which are payable from a special assessment or tax levied on such real property within the special district. The data may be incomplete.