Alternative Investment Awards 2017 45 Services, Ltd. Company: Affiliated Financing Services, Ltd. Contact: James P. Forrest, President Address: 2300 N. Barrington Road, Suite 400, Hoffman Estates, IL 60169-2036 Phone: 847.884.8686 Website: AI170047 Affiliated Financing Affiliated Financing Services, Ltd. is a contract lender providing economic development financing for construction, training new employees and ramping up to full production before the first payment begins. We talked to President James P. Forrest to learn more about how his company works. Affiliated Financing Services provides five-year, low-cost mezzanine “bridge” loans with 59-month payment holidays for projects with tax-ex- empt bond exits, such as factory construction in industrial parks and urban low-income-housing projects. Developers can have funding dates in 30 to 60 days and an incentive to deliver early. Municipalities can encourage new jobs and housing in their communities and watch them operate for a year before the end loan financing is provided. “By providing three to five years of payment holidays before collecting payments for projects, our customers have time to collect government grants and incentives that reduce the loan balance as benchmark goals are met,” President James “Jim” Forrest says. “Another benefit is that all project costs can be amortized for the devel- oper to pay, which is a relief to the taxpayers,” he adds. Fully amortizing loans also are available with two- or three-year payment holidays to facilitate construction and ramp-up based on a multi-year investment-grade corporate or governmental customer’s commitment to buy an amortizing minimum amount of product. Looking ahead, Jim and his team are working with economic develop- ment projects to finance fully amortizing low-income housing projects, large data farms with 10-year triple-net leases, construction of buildings in industrial parks and short-line railroads with American or Canadian investment-grade contracts to haul commodities in unpopulated areas. Affiliated Financing Services, Ltd provides three- to 25-year term loans ranging from USD$10 million to $250 million for American and Cana- dian economic development projects with committed investment-grade corporate customers or governmental sponsors. All investors are large American insurance companies. After receiving all paperwork, loans usually fund in 45 days or less. Best Alternative Project Finance Lender 2017 - North America