Finance Authority Issued $48 million in Bonds to Casto

The Columbus-Franklin County Finance Authority issued $48 million in bonds with a capital lease financing package for the Tuller Flats Development project to be located in Dublin, Ohio.

Casto, the developer for the Tuller Flats project, is planning to construct 420 residential units on approximately 21.2 acres that will include a community club house, green space of approximately 3.9 acres and approximately 651 parking spaces.

“Casto is pleased to partner with the Columbus-Franklin County Finance Authority to finance our Tuller Flats project in Dublin, Ohio. The creative financing provided allows us to continue to provide top quality product to our tenants and the region. We hope to partner with them again in the future.” Brent Sobczak, Director, Casto

Casto is a privately held, fully integrated real estate services firm dedicated to maintaining the highest standards of client service. With more than 87 years of successful development and management of commercial, industrial and residential real estate, Casto continues to utilize its core competencies, market strengths and competitive advantages in ways that produce substantial returns, both financial and non-financial, for its clients, investors, partners and the communities in which their projects are located.

The Columbus-Franklin County Finance Authority is a public agency designed to facilitate capital investments by the private, non-profit and public sectors in Central Ohio. The Finance Authority is an eligible issuer of tax-exempt and taxable debt. The Finance Authority works in partnership with traditional lending institutions and other public partners, acting as a valuable resource for your financing options. The Finance Authority has issued over $718 million in bond financing projects that will invest more than $897 million and facilitate over 5,800 jobs in Central Ohio.

The Finance Authority gratefully acknowledges support received from the Franklin County Board of Commissioners and the City of Columbus.