Muni-Horizon FundKosmont Realty (KR) provides financial solutions to cities, counties and agencies that require creative funding structures to get projects built.  Through KR’s network of funding partners, fresh debt and equity capital can be infused immediately into stalled or seemingly failed real estate projects which require recapitalization in order to get back on track to a successful completion.  The loss of redevelopment agencies and tax-increment financing in California has increased the demand to examine new financing tools and older tools that can be re-engineered to fill troubling gaps in project funding.

Lease-Leaseback financing – a flexible and low cost financing vehicle for existing or new assets, infrastructure, public/private transactions, and economic development projects.  Lease-Leaseback taps into equity trapped in public real estate, attracting third-party investors to deliver funding that enables a private developer to build a revenue-generating real estate project.  Revenues from the operating project then pay back the investor and developer, leaving the City to control and eventually own a valuable asset.

Site-Specific Tax Reimbursement Agreements (SSTRs) pledge future sales, hotel or other taxes generated by a project to secure the financing needed for development.  Tax revenues from the completed project are then used to pay back development loans.  SSTRs have become highly sought tool to finance real estate projects, particularly in the wake of the loss of redevelopment in California.

KR provides funding and structures financing for public-private projects such as:

  • Public Safety Buildings
  • Parking Lots and Structures
  • Distressed Assets
  • Tourism and Convention Facilities
  • Courthouses
  • Correctional Facilities
  • Education and Student Housing
  • Multi-Modal Transportation
  • Sales Tax and TOT generating projects
  • Sporting venues and stadiums
  • Health Care Facilities
  • Energy Related Developments
  • Airports and Seaports
  • Utility Infrastructure
  • Affordable Housing
Government Grants

KR is a valued partner for many cities across California when projects require assembly of various funds into a “wedding cake” of capital sources.  To be successful, many large projects require some sort of competitive government grant, often issued at the State or Federal Level.  KR is seasoned in applying for and securing jobs-oriented grants issued by various government bodies such as the Federal Economic Development Agency (EDA) or the California State Department of Housing and Community Development (HCD) as appropriate to each Client’s project.