AIDEA.
| Author | Anderson, Tasha |
| Position | Inside Alaska Business - Alaska Industrial Development and Export Authority - SHB LLC - Brief article |
A IDEA (the Alaska Industrial Development and Export Authority) Board approved a loan participation for an Anchorage project and a resolution for issuing tax-exempt bonds for a project in Fairbanks.
The loan, to SHB LLC, is for $4,249,920 (90 percent) of a $4,722,133 loan brought to AIDEA by Denali Federal Credit Union. Denali Federal Credit Union originated the loan and is participating with $472,213. The purpose of this loan is for refinancing of a 42,695-square-foot office and warehouse building located at 700 Bragaw Road in Anchorage. The building is leased to BP Exploration Alaska.
The resolution concerning J.R. Cannone LLC authorizes AIDEA to issue...
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