Belmar – Lakewood, CO

As COO of Continuum Partners, Mark worked closely with RBC Capital Markets to realize a $102M refinancing of Belmar’s public financing debt.  The transaction was predicated on Belmar’s past, current, and future development velocity and resulting public finance revenues.  Mark was personally responsible for all public finance projections for the transaction.  Briefing investors and underwriters on the details for the transaction. Tax increment, special districts, lodger’s tax, and public improvement fee revenues were all included in pledged revenues for bondholders.  Closing in early 2013, the transaction reduced the interest rate of the senior debt by over 3.75%.  In mid-2016, Strae Advisory Services worked extensively with Stifel investment bankers, Municap, and a private investor to consummate a transaction, which monetized the subordinate cash flow available after senior debt service.