Common Purpose
National Footprint
We are good* partners – Creating alliances – Meeting needs
CFC operates exclusively for the charitable purpose of lessening the burdens of government and nonprofit organizations
Over $1.9B and 19 Completed P3 Projects
With so much aging infrastructure in the United States, communities across the country are exploring ways to upgrade or replace facilities. With a board that brings vast experience in all aspects of the real estate development process, the Community Finance Corporation is proud to offer a creative approach to funding and developing such improvements.
What We Do
CFC creates innovative public-private partnerships that offer an alternative to traditional financing for municipalities, state governments and other jurisdictions seeking to build major projects such as fire and police stations, office buildings, parking garages and similar infrastructure.
Headquartered in Tucson, Arizona, the 501(c)(3) nonprofit corporation has a proven track record, having developed more than $1.5 billion in projects throughout the Western and Southwestern United States. Projects include the Arizona Department of Administration Office Building on the Capitol Mall, Taylor Place (student housing for the ASU downtown Phoenix campus), the Clark County Metropolitan Police Facility and the City of Oxnard Fire Station, among others.
How We Do It
With an experienced team of real estate and legal specialists, CFC manages all aspects of project development, including design, construction, financing, operation and maintenance of government and nonprofit facilities.
Under most agreements, the governmental entity will enter into a lease with a special-purpose entity created by CFC for the project. CFC will then pursue low-interest, tax-exempt bond financing issued by a conduit bond issuer and manage the development of the project. The governmental entity typically takes possession of the completed facility when construction is complete and begins paying base rent equivalent to the debt service. In most cases, the project financing is paid back over time through lease payments, and ownership of the project transfers to the governmental entity for a nominal cost when the debt is retired.And why...
CFC’s process ensures the best possible facility at the lowest cost, decreasing the burden on governmental jurisdictions. By shifting construction and completion risk to the CFC development team, government entities can reap various benefits, including spreading the cost of the project over time and avoiding statutory debt limits.
CFC believes in giving back to the community and has provided over $2 million in donations to nonprofit educational and economic development organizations doing innovative work.
As states, cities and other jurisdictions deal with long-neglected infrastructure needs, CFC’s expertise is a valuable option to deliver top results.
If you’re interested in learning more about how CFC can assist with your next project,
Call 602-666-7650
or fill out our contact form here.
CFC Case Studies
“CFC's proactive problem-solving approach contributed greatly to achieving a successful P3 financing. They are team players and we look forward to working with them again, highly recommend.”
— Craig R. Cunningham | D.A. Davidson & Co.
CFC at a glance
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Trusted Long Term Partner
Community Finance Corporation (CFC) takes a partnership approach to the development, financing, management and operations of its projects. Read more…
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Experience
CFC understands that when we enter into a project it is about more than real estate. It is about understanding the ultimate goals of our governmental or nonprofit partner and building effective relationships. Read more…
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Board Approval Process
The CFC Board of Directors has no specific policies or processes beyond normal due diligence appropriate to evaluation of a new construction “pro-forma” revenue project, which may include review of third-party reports or other comparable data that confirms market demand. Read more…
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Project Approach
CFC will work collaboratively with the Client and its partners to achieve on-time on-budget project development and will be a fully engaged, pro-active manager throughout the operational phase of the project. Read more…
Giving back to the community
