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Taxable Bonds

MassDevelopment can issue taxable bonds for industrial and commercial real estate.  Taxable bonds are often used as a “tail” in a tax-exempt financing if the borrower organization’s needs exceeds its eligibility to issue tax-exempt bonds for a particular project.

Case Study – Pearlmeat, LLC

Pearlmeat, LLC, a wholesale producer of fine meats in Brockton, used the proceeds of a $5,000,000 tax-exempt industrial revenue bond and a $2,344,000 taxable bond to purchase and renovate a 99,000-square-foot manufacturing plant.  The new facility expanded the company’s operating capability.

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