Bostonia Group has structured an additional $3.25 million in lease-backed secured notes to finance expanded tenant improvement work on a 30,170 sq ft General Services Administration facility in Tamuning, Guam.
The company, through Bostonia Partners and Bostonia Global Securities, have structured and placed two previous batches of notes worth $12.5 million issued by developer Micronesia CSL Development to finance the project, Bostonia said Friday.
The facility will be used as a field office for FBI and Immigration Customs Enforcement operations in the Asia Pacific.
“This transaction required a detailed understanding of the local development landscape in Guam, including complex coordination among local legal counsel, construction services, and insurance providers,” said Anita Molino, managing partner and president of Bostonia Partners.
The notes are payable from the facility’s rental income.