Hernando Montero's Palm Beach Post Weekly Column: Land-Secured Bonds Primer

Monday, Jul 3, 2017

Hernando J. Montero
Director of Credit Analysis
Stoever Glass & Co., Inc.
Phone: (212) 952-1910
E: hmontero@stoeverglass.com

Land-secured municipal bonds raise capital to finance public infrastructure projects including roads, streets, sidewalks, traffic lights, water and sewer lines and other essential components of real estate development. This financing vehicle typically supplements the overall capital funding plan of a development project and helps communities attract new development. These bonds are known as “land-secured” because the obligation to pay special taxes or assessments, which in turn pay debt service on the bonds, is attached to the land itself.

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