Tax-Exempt Bond Service Providers

The following listings are paid advertisements.

Bank of America

Bank of America offers a wealth of practical experience and deep, broad, innovative tax-exempt funding capabilities, including tax-exempt construction and bridge loans. Credit support via Fannie Mae and bank letters of credit are available. In addition, we can provide a variety of derivative products, including swaps, caps and other hedging instruments. We offer investment banking services in partnership with Banc of America Securities.
For further information, contact:
Community Development Banking
(713) 247-6094
Visit us on the Web at www.bankofamerica.com.

CharterMac

CharterMac, an affiliate of Related Capital Company, finances affordable housing utilizing a direct purchase of tax-exempt and taxable debt. CharterMac purchases tax-exempt bonds on a nonrated/unenhanced basis, providing low-cost, fixed-rate funds to support the development, acquisition and refinancing activities of for-profit and nonprofit owners/developers. The CharterMac program offers an efficient transaction, with significantly lower upfront costs, the elimination of market risk, and an accelerated commitment-to-closing schedule as compared to a public bond sale. To date, CharterMac has invested in 210 revenue bonds in 26 states and the District of Columbia, representing a portfolio of approximately $1.8 billion. For more information, please contact James Spound at (212) 588-1765.

Visit www.chartermac.com.

Newman & Associates

Newman & Associates, a division of GMACCH Capital Markets, combines the abilities of the undisputed leader in tax-exempt multifamily investment banking with the capital resources of GMAC Commercial Holdings Corp. to meet all of your financing needs. Newman bankers advise developers on all aspects of the financing process. For projects requiring multiple products, Newman offers the resources of GMAC Commercial Holding Affordable OneSource program, which combines investment banking, tax-credit equity, construction lending, Agency and non-rated permanent debt and bridge financing tools. For information, contact Hal Kuykendall at (619) 615-4201 or visit www.newmanfs.com.

Newman Capital

Newman Capital, a division of GMACCH Capital Corp., finances tax credit and affordable housing properties through direct purchase of non-rated tax-exempt and taxable bonds. We provide an efficient single source for fixed-rate construction and permanent financing for: acquisition/rehabilitation, new construction, and Section 8/236 restructuring opportunities. Newman Capital provides flexible underwriting terms, a certain and efficient closing process, reduced costs, and flexibility in structure. Our team has been providing innovative affordable housing finance solutions for over twenty years. Contact Jim Hahn or Paul Weissman at (303) 294-3320 or visit www.newmancapital.com.

William R. Hough & Co.

William R. Hough & Co. is a full-service securities firm that specializes in providing investment banking and developer advisory services for tax-exempt bond transactions. The firm has extensive experience in serving as investment banker for affordable multifamily issues including the following forms of financings: direct placements, Fannie Mae, Freddie Mac, FHA, guarantee funds, bank letter of credit, rated and insured issues. As a result of the firm’s experience with a wide range of state and local issuers throughout the country and multiple office locations, William R. Hough & Co. bankers are well suited to advise developers on a wide range of financing options. For additional information on financial advisory or investment banking services, call:

ST. PETERSBURG, FL (800) 800-0061

Helen Hough Feinberg, Mark Waterbury, Todd Manuel, Todd Turner

AUSTIN, TX (512) 328-7100

Janna Cormier

BALTIMORE, MD (410) 203-2324

Greg Brunner

BOCA RATON, FL (800) 371-2674

Ray Popkin

PHOENIX, AZ (877) 348-7581

Tim Nelson

Affordable Housing Finance • January 2004

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