Buck Financial finished its 18th year in 2018 by closing thirteen (13) charter school transactions totaling almost $500 million. In finishing our 18th year, I guess that means Buck Financial has finally grown up, so I suppose I should probably start acting like an adult. (There is always a catch! On the other hand, it might mean Friday happy hours at Buck Financial from now on). Since our inception, Buck Financial has completed over 150 charter school transactions totaling over $3.7 billion (with a “B”). Over just the last two years, Buck Financial has completed over 30 charter school financings totaling almost $1.2 billion. Who knew getting older could be so much fun?
The total amount of deals for 2018 was bested only twice: in 2017, which was (favorably) impacted by the proposed tax reform and the acceleration into 2017 of deals originally planned for 2018; and in 2014 (for reasons of which I have no clue). Of these 13 transactions, eight (8) were tax-exempt bond issues, four were bank or CDFI senior-sub deals, and one was a Qualified School Construction Bond remarketing. These transactions were completed on behalf of ten (10) different organizations, eight (8) of which were repeat clients of Buck Financial. That last point is something I’m particularly proud of because it’s a testament to the quality of service and the creativity of financing solutions that Buck Financial endeavors to provide. It also reflects the alignment of my firm’s interests with those of our clients: Buck Financial will work with you to assess the best financing alternative for your situation, and then implement that strategy. Lastly, I think it is also a demonstration of the quality of so many of the charter schools we are privileged to work for.
So, if you are a charter school in need of a facility financing, and you would like work with a firm that will analyze ALL your options versus selling you the one product a firm offers, then please give a ring. I would be happy to help. In the meantime, best wishes to you for 2019.