Federal Bureau of Investigations (FBI) Headquarter Building

Blomfield designed build leaseback. Structured and arranged a $6,000,000 construction and permanent Credit Tennant Lease (CTL) transaction.

Background.  FBI through GSA and a RFP asked for 42,000 square feet of office space on a ten year lease.

Challenge.  Leased land owned by tribal government, short construction and permitting and design time frame ( nine months ), low budget, full service lease with operating risks. Secondary market.

Finance Solution. Blomfield arranged for and structured a twenty year bond issue rated by Standard and Poors,  "A" rating stand alone without credit enhancements, on a full service lease. Negotiated in the RFP for two five year renewal options that where exercised prior to construction in exchange for a minor addition of enclosing two rooftop court yards.  This loan was non-recourse, fully assumable,  and the loan was 100% of project cost. Fast track planning allowed the project to be completed in eight month and  sixteen days of winter construction and came in under budget.