Pat Scott Discusses the Benefits of Tax-Exempt Financing for Independent K-12 Schools in an interview with Malvern Bank
Pat Scott, a partner in Obermayer’s Business & Finance Department, was recently interviewed by Malvern Bank, providing guidance and understanding on the importance of tax-exempt financing for independent K-12 schools. He also explained why more schools don’t take advantage of this financing tool as well as its limitations.
“The funds can be used for projects consistent with the school’s charitable mission such as the construction or renovation of classroom buildings, administrative office buildings, and athletic facilities; land acquisition; architecture or engineering fees; and more.”
Pat represents borrowers, lenders and issuers in both conventional and tax exempt loan transactions. He often works with nonprofit corporations on governance and IRS compliance issues as well as privately held companies on day-to-day business and legal matters.
Pat frequently manages large tax exempt financing transactions for university and college student housing construction projects. Since 2003, Pat has been engaged as counsel in financing and implementing student housing transactions that together exceed $1,000,000,000. Privately held companies and non-profits turn to Pat for formation and organizational assistance, in addition to general counseling.
Learn more about Pat’s professional experience here.