Having served municipal clients for decades, Baird continues to broaden our experience and talent as one of the nation’s leading middle-market fixed income teams. Our uniquely talented group of bankers and analysts combines the experience of traditional regional municipal finance with key leadership roles in major local- and state-level financings, creating long-term financing solutions for a variety of sectors. Combined with a premier underwriting desk and seasoned sales and trading professionals, we continue to develop innovative structuring solutions and provide the highest level of execution for every issuer we serve.
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Since 2003, our team has completed more than 100 charter school facility financings nationwide for more than $1.5 billion of improvements through taxable and tax-exempt bond issues; New Market Tax Credits; bank, CDFI and private loans; and alternative funding sources.
Through extensive experience with higher education bond financings and innovative techniques, Baird’s banking team led more than 180 Higher Education facility and refinancing projects with a par amount of more than $3.2 billion. Of these financings, Baird senior managed 150 transactions totaling approximately $1.9 billion.
K–12 and Independent School Districts
Baird has consistently ranked among the top K-12 and ISD municipal finance underwriters in the country. Our banking professionals average 20 years of experience through either public finance or as former CFOs, superintendents and business managers. Our comprehensive school financing solutions include debt management, bond election assistance, investment advisory services, general obligation bonds, alternative structuring solutions, lease purchase financings, and debt issuance and monitoring.
School Business Solutions
Baird’s School Business Solutions team focuses on the financing needs of Wisconsin school districts. We offer the following services:
- Baird Budget Forecast and Comp Modules
- Administrative staff transitions in school district business offices
- School finance presentations and workshops
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Municipalities and Counties
Understanding the unique requirement and needs of each region, state and community, Baird provides a variety of funding and debt management solutions. With one of the most qualified and experienced banking staffs in the industry, we bring sophisticated solutions that meet complex challenges, from capitalizing on a refunding opportunity to addressing unique debt scenarios and liabilities.
Special Districts and Authorities
Special districts and authorities have unique financing challenges and debt profiles. Baird has bankers across the country who specialize in serving such entities as fire districts, park and recreation districts, water and sewer authorities, port authorities, and larger finance authorities. Our experience with these types of entities enables us to create customized financing structures such as pooled financings or alternative funding strategies that serve multiple purposes:
- Financing capital needs such as apparatus, fire stations, training facilities, equipment, recreational facilities, park improvements, golf courses, pools and land acquisitions
- Refinancing outstanding loans and bonds
- Debt structuring and management
- Credit ratings analysis
Baird’s Public Finance bankers serve transportation authorities, agencies and states nationwide through our institutional knowledge of transportation programs around the country and experience working with rating agencies and major institutional investors in transportation bonds. We helped create financing solutions to meet the growing demands of mass transit systems, highway programs, airports, toll authorities and state Department of Transportation projects for several large transportation organizations such as:
- Chicago Transit Authority
- City of Chicago – O’Hare Airport
- Illinois Toll Highway Authority
- Harris County, Texas
- State of Hawaii Department of Transportation Harbors Division
- Commonwealth of Massachusetts
- Pennsylvania Turnpike Commission
- Oklahoma Capitol Improvement Authority
- City of Phoenix Civic Improvement Corporation
- Ohio and Wisconsin Departments of Transportation
This experience, combined with a national distribution network that understands and regularly purchases transportation issues, continues to grow Baird’s reputation as a leader in the transit sector.
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Healthcare and Senior Living
Our unique understanding of healthcare debt, market trends and project development has created successful financing opportunities to meet the short- and long-term needs of critical access and midsize hospitals, large healthcare systems, and senior living facilities nationally. Using innovative approaches from our banking team, decades of experience specific to this unique sector and the market access of our municipal sales team, we have the flexibility and knowledge to meet the particular needs of our clients and their affiliates. Our retail and institutional marketing and distribution sales force, combined with a firm platform offering asset management services and healthcare-specific research analytics, enables us to be an effective partner to healthcare institutions and investors alike.
Baird has always placed a strong commitment toward supporting our communities and the nonprofit sector. Our banking team has assisted in developing, communicating, managing and executing financing solutions for nonprofit groups eligible for tax-exempt financing nationwide, including hospitals, nursing homes, schools, cultural institutions, community associations and other 501(c)(3) organizations exempt from federal income tax. While remaining consistent with their mission, vision and purpose, we collaborate with their administrations, boards and volunteers from the beginning to make their vision a reality. A bedrock of Baird’s culture, our associates are actively involved in giving back to the communities we serve, aligning us with these nonprofits’ long-term goals.
Housing and Real Estate
Baird’s state and local government banking professionals have experience in selling tax-exempt housing bonds, commonly known as mortgage revenue bonds and multifamily housing bonds. With service in structuring analysis and funding solutions for student housing, affordable housing, multi- and single-family housing, elderly housing, assisted living and independent living – as well as utilizing different credit options for these bonds, including FNMA, GNMA, FHA, bond insurance and letters of credit – we have the structuring expertise to assist in any type of housing issue.