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Direct Placement Program

Access to Low-Cost Tax Exempt Financing

First American Bank’s Direct Placement Program provides the perfect combination of reduced up-front costs with low tax exempt rates. Our team will manage the financing process and will remain a partner and reliable resource after closing.

Our Direct Placement Program offers the following benefits:

  • Long-term tax exempt fixed rates
  • Reduced renewal risk with longer-term commitments
  • Flexible repayment structures, including interest only periods
  • Simplified financial covenants tailored to not-for-profits
  • Predictable cashflows
  • Ability to accelerate repayment with capital campaign proceeds
  • Lower up-front costs
  • Eliminates letter of credit fees and ongoing costs
  • Flexibility with respect to bond modifications and subsequent financings
  • Efficient and quick decision process with accelerated closings

We welcome the opportunity to discuss our Direct Placement Program and evaluate the different financing options with a comprehensive economic analysis.

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