Our A- rated investment grade bond fund allows borrowers to access the national capital markets through bonds issued within our common bond fund program.

Financing from the program can be used to fund public infrastructure, acquire and/or renovate existing buildings, construct new buildings, or monetize TIF or PACE eligible improvements.

Benefits of this program include:

• Longer loan terms, depending on the asset financed can be between 15-30 years
• Fixed interest rate for the term based upon tax-exempt or taxable rates when the bond is sold
• Access to national capital market with an A- rating from Standard & Poor’s

The Cleveland-Cuyahoga Port Authority is a public agency that provides creative and timely financing solutions for economic development projects in Cuyahoga County and beyond for projects in the non-profit and public sector. If you have a potential project, reach out and contact us. We look forward to discussing how we can use our unique programs and tools to help you reach your goals.

The Port’s Capital Lease program provides reductions in the cost of the construction of a project. The structure is non-invasive with other sources in the capital stack and can provide a reduction of State sales tax paid to construct the facility through Port ownership. The Port Authority can own the facility and lease to the borrower and the borrower retains benefits of depreciation, etc. on the project. The Capital Lease program can be customizable based upon the project needs.

For tax-exempt issuances:

• Port Authority can be the eligible tax-exempt issuer on behalf of the 501c3
• Benefits include tax-exempt financing rates which provides a reduced annual debt service and ultimate savings to the project

For taxable issuances:

• Port Authority can be the issuer into the capital market