Locke Lord’s DeLaina Mulcahy (Houston) created and represented Greater Texas Cultural Education Facilities Finance Corporation to act as a conduit issuer of tax-exempt debt on behalf of the Firm’s client Southwest Transplant Alliance. Southwest Transplant Alliance is a nonprofit organization that provides the clinical services needed to recover, prepare and transport organs and tissue for those awaiting organ transplants. The $25,000,000 construction loan from UMB Bank to the Alliance will be used by the company to acquire additional real property for its operations and to make improvements to its 60,000-square-foot headquarters. Mike Schulman and Wade Gibson (both of Dallas), Stephanie Massey (Boston) and Todd Cooper (Cincinnati) acted as bond counsel, borrower’s counsel and tax counsel in the transaction.
Posted on October 3, 2018