Civitan Services of Benton, Arkansas is a non-profit serving the needs of children and adults with developmental disabilities. It began in 1958 and has grown over the years and now operates in three service areas. Historically, Civitan had received funding from the United States Department of Housing and Urban Development (“HUD”) and traditional banks for capital improvement projects.
Crews introduced Civitan to long-term, tax-exempt bond financing as a solution to financing their capital needs for educational, vocational, therapeutic and housing facilities and financed a $1,590,000 non-rated transaction. Crews structured a single pooled bond issue that provided loans to three separate Civitan entities in order to:
Crews worked hard to serve our client in extraordinary ways by: