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NRPF,
Inc. arranged bond lease financing
by using 100% of the cash flow, including rent step-ups and
a 1:1 debt service coverage ratio, to maximize the loan amount
of the $166 per square foot secured by a 98,000 square foot
retail store originally built for Caldor and released to
Kohl's Department Store. The loan amount was significantly
greater than any other conventional or conduit source could
provide, and the client walked away with a large amount of
cash.
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