News - Bostonia

Bostonia arranged the construction-to-permanent financing for a +40-bed transitional housing facility located in the Bronx, New York City, NY. The approximately 13,000 SF building will undergo significant renovations allowing the operators to support and give hope to the city’s most vulnerable individuals.

Bostonia arranged refinancing of the National Center for Weather and Climate Prediction (NCWCP) located in College Park, MD. Having arranged the previous construction-to-permanent financing over a decade ago, Bostonia again arranged the most recent transaction for a highly specialized 269,000 SF facility. The NCWCP was purpose-built for the National Oceanic and Atmospheric Administration (NOAA).

Bostonia arranged the construction-to-permanent financing of an Emergency Services Facility for a municipality located in New Jersey. The proceeds were used to construct the built-to-suit, two-story complex to be occupied by the borough’s Emergency Services, Police, and Fire Department.

Bostonia secured construction-to-permanent financing for the approximately 107,000SF, 21,750 pallet, Maine International Cold Storage Facility in Portland, Maine. The proceeds were used to design and construct the facility under a long-term lease agreement with the Maine Port Authority.

The project delivered critical infrastructure supporting the domestic and international transportation and distribution of refrigerated products throughout northern New England, creating long-term environmental and economic benefits for the State of Maine.

Bostonia acted as Exclusive Advisor arranging the permanent financing for an FBI Facility located in the Mid-Atlantic Region. The highly secured complex is blast resistant and equipped with the Government’s most recent security requirements, meeting the mission critical needs of the agency.

Bostonia provided the financing for multiple Energy Performance Contracts at two of the largest military bases in Canada, located in Ontario and Nova Scotia. The bases support Canada’s overall defense and military objectives as well as serve an onsite workforce of several thousand military and civilian personnel. The funds will be used to design, implement, and install energy conservation measures across the facilities aiming to reduce the bases energy consumption and improve efficiency.

Bostonia financed various Parking Meter Citation Processing Systems for the Miami-Dade County Clerk of the Courts. Previously, the county’s devices and related equipment were becoming outdated, obsolete, and unsupported by wireless carriers. This financing funds the county’s implementation and integration of critical hardware and software upgrades needed to ensure that parking citations are efficiently and effectively issued.

Bostonia’s Real Estate Team served their client as exclusive financial advisor for the bond financing of a mission-critical Drug Enforcement Agency (DEA) leased facility. Bostonia structured the debt as a Credit Tenant Lease (CTL) transaction and ensured the borrower realized maximum proceeds at the lowest cost of capital available.

Bostonia arranged the construction-to-permanent financing of an upgrade to a cogeneration system (CGS) and diesel generator (DG) under an energy savings performance contract with the United States Navy at its Commander Fleet Activities Yokosuka (“CFAY”), located in Yokosuka, Japan.

Bostonia provided financing for various energy conservation measures under an energy savings performance contract for the Department of Housing and Urban Development’s headquarters, the Robert C. Weaver Federal Building, located in Washington, DC. Specifically, the proceeds will fund the implementation of LED lighting upgrades, chiller plant improvements, air curtains, heater replacement for an emergency generator, and solar photovoltaic (PV) design studies. When completed, these measures will reduce the facilities’ energy consumption and greatly increase the efficiency of its existing energy infrastructure.

Bostonia closed $100M in financings for three federal agencies for information technology and cyber security services with tier-one product suppliers. The agencies included the US Navy Pacific Command, the Transportation Services Administration, and the Department of Homeland Security. These types of products and services are required by Executive Order and Office of Management and Budget (OMB) directives and are a high priority for federal agencies.