Stinson Securities' personnel has underwritten in excess of $1 billion as sole, senior, or co-managing underwriter. The firm's underwriting experience encompasses general obligation bonds, housing bonds and revenue bonds, varying in credit quality from non-rated to insured AAA-rated financing. Stinson's track record applies traditional financing techniques customized to each client's individual needs.

General Obligation Bonds
Certificates of Participation
Single & Multi-family Housing Bonds
Assessment District
Lease Revenue Bonds
Tax Allocation Financing
Mortgage Revenue Bond (MRB) Restructuring
Taxable Bonds
Utilities/Energy
Community Facility Districts
Private & Public Golf Course Facilities
501 (c) 3 Non-Profits

Outside the Box
Stinson Securities specializes in thinking 'outside the box.' This philosophy is illustrated in the example of a municipal client that was locked into a disadvantageous contract with Enron. After identifying the specific needs of this client, Stinson Securities structured and sold an $11 million non-rated issue, allowing the municipality to buy out its contract with Enron. In doing so, the issuer saved more than $28 million and met the time constraints Imposed by the Federal Bankruptcy Court in New York.

In another instance, Stinson personnel spent more than a year analyzing a taxable, vacant rent-to-own issue for the Palm Desert Redevelopment Agency. With the help of a nationally recognized bond counsel, the Desert Rose project was converted from a taxable rent-to-own project to a tax-exempt low and moderate income homeownership project. The tax exempt refunding bonds provided 'silent seconds' that allowed eligible buyers to own homes with a down payment of $1000 and monthly payments of less than $1000. The 161-unit project which includes a childcare center and a recreation center, went from vacant to completely sold out within one year.

 

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  The Marriott Desert Springs Resort is part of the Palm Desert Redevelopment Agency's Project Areas. Mr. Odom acted as senior / co-senior manager in $250 million of financing for the designated project area including infrastructure for the hotel site (top) and two award-winning municipal golf courses (bottom).