Lexington-Fayette County Ionwave #RFP-44-2026

Private Financing for Regional Business Park Land Acquisition in Kentucky

The Central Kentucky Business Park Authority is seeking private financing to support the acquisition of 722 acres of land in northern Madison County, Kentucky for a regional business park. - Government Buyer: - Central Kentucky Business Park Authority (representing Lexington-Fayette Urban County Government, Scott County Fiscal Court, Madison County Fiscal Court, and the City of Berea) - Financing Requested: - $9,000,000 loan (50% of total property cost) - Loan to be secured by a first mortgage on the property and assignment of a $10,000,000 state grant disbursement - Monthly interest payments; principal due at maturity (October of the following year) - Preference for fixed interest rate, but variable rates will be considered - No prepayment penalty; all fees and costs must be disclosed - Lender must be certified in Kentucky - Unique Requirements: - Explicit non-guarantee language from local governments - Approval required for any assignment or transfer of the loan - Proposals must include detailed financing terms and lender experience - No specific OEMs or product vendors are involved, as this is a financial services procurement.

Description

The Central Kentucky Business Park Authority is seeking proposals for private financing to complete the acquisition of approximately 722 acres of real property in northern Madison County, Kentucky, for a future regional business park. The loan request is for $9,000,000, representing 50% of the property cost, with a desired closing date in November 2026 and no later than December 31, 2026. The financing will support the purchase of land currently under contract for $18,952,500. The loan terms include monthly interest payments with full principal due at maturity in October 2027, and the Authority prefers a fixed interest rate but will consider variable rates.

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