Sunstone Cities, LLC, has begun offering help to public agencies through its Public Infrastructure Financing Solutions (PIFS) services.
Sunstone has partnered with X-Caliber Rural Capital and American Lending Center (ALC) to muster resources for creative Public-Private Partnerships for the design, build, finance, operation, and maintenance of publicly owned facilities. The Sunstone Cities team has specific expertise in government guaranteed loans, P3 financing and targeted government programs.
“I have worked on both the public and private sides of infrastructure projects,” said John Keisler, Sunstone CEO and managing partner. Keisler was the Economic and Property Development Department director for the city of Long Beach before coming to Sunstone.
“Federal, state and county governments have a vested interest in helping to improve public infrastructure in the broadest sense. They have created several programs to assist financing projects, and our firm, along with our partners have experience putting such financing packages together.”
Sunstone’s PIFS program offers expertise in multiple areas. That includes Public Infrastructure Financing, P3 Financing, Capital Improvement Project Financing and Bridge and FHA Loans.
“These options are available for far more than traditional public infrastructure as well,” said Jayro Sandoval, Sunstone’s Economic Development Officer. “Projects eligible for this type of financing approach range from healthcare facilities to community facilities in rural areas, and from entertainment centers to courthouses in municipalities. That’s in addition to the more traditional convention centers and other municipal buildings.
“Our goal is to streamline financing, reduce risk, and deliver the right solution for every project.”
There are several tools available that can make alternatives to traditional bond financing both more doable and more affordable. For example, ALC is a certified non-bank lender for a number of Small Business Administration loan guarantee programs, and has access to diverse funding sources.
X-Caliber Rural Capital has experience with the USDA (U.S. Department of Agriculture) Community Facilities Program, designed to improve the quality of life and promote economic development in rural areas by supporting essential facilities. That financing pairs with guaranteed loans to reduce costs for rural projects.
Other PIFS lending products include the Commercial PACE (Property Assessed Clean Energy) program for energy-efficient projects, Tax Increment Financing to use future tax revenues to fund current investments, bridge loans to cover gaps until permanent financing is secured, and FHA (Federal Housing Administration) loans to provide long-term financing with favorable terms.
Keisler said financing solutions can be shaped for every size and kind of infrastructure. Special use districts – health care districts, water districts, school districts and more – can benefit just as well as major municipalities, he said.
“The P3 approach to public infrastructure has evolved over the years,” Keisler said. “There’s much more flexibility. And our partnership with X-Caliber and American Lending Center allows for multiple possible approaches.”
For more information about the Sunstone Cities PIFS program, go to sunstonecities.com or email Jayro.Sandoval@sunstoneinvestment.com.
More about Sunstone Cities
Sunstone Cities is an economic development consulting firm that helps local government leaders unlock economic development, new business formation, and job growth. We partner with municipalities to identify and capitalize on opportunities for revenue growth and investment. Our team of experienced local government professionals leverage data-driven insights, industry expertise, and public-private partnerships to help cities revitalize their economies, attract new businesses, and better monetize their community assets.
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