State Revolving Fund (SRF) Services
PFM is proud of its resume of innovative ideas that have led to the development of new state pool and SRF programs, and that have improved the efficiency and effectiveness of mature, stable programs. PFM’s expertise and involvement extends far beyond traditional financial advice and assistance associated with single transaction execution. Rather, our approach is to become fully entrenched in our clients’ field of business and to become a partner to develop solutions that will meet our client’s goals and objectives.
PFM has provided financial advice to more State Revolving Fund clients than any other financial advisory firm, ranging from programs in heavily populated states to sparsely populated states.
During the last three years, PFM has served as advisor on over 42 SRF related transactions with a par amount totaling over $4.7 billion. PFM's success in creating and implementing SRF and pooled loan programs throughout the nation is a result of our knowledge in the many aspects of these programs such as:
- Optimization of available program security including equity funds, loan collateralization, moral obligation pledge and state intercept mechanisms, etc.
- Thorough understanding of EPA Regulations
- State Match Funding Sources
- Leveraging Structures: Reserve Fund, Cashflow and Hybrid Models
- Senior/Subordinate Structures
- Cross-collateralization and other security enhancements
- Federal and State Legal Issues (i.e. IRS regs, solutions to address TIPRA, etc.)
- Asset Management Strategies to Maximize Total Program Returns
- Variable rate debt and derivative products for asset/liability management
- 30 Year Financing Extensions