UnidosUS, formerly the National Council of La Raza (NCLR), is the nation’s largest Latino civil rights and advocacy organization. Through its unique combination of research, advocacy, programs, and a national network of nearly 300 community-based Affiliate organizations across the country, UnidosUS challenges the social, economic, and political barriers that affect Latinos in the United States. UnidosUS employs approximately 110, has an annual operating budget of over $38 million and unrestricted cash and investments of approximately $10 million.

Taxable Term Loan
Wye River Group Served as UnidosUS’ Independent Financial Advisor for this Transaction.

Project Overview

Wye River has served as UnidosUS’ independent financial advisor in connection with its acquisition of commercial office building in Washington, DC from Hogar Hispano, Inc. (HHI). The building, commonly referred to as the Raul Yzaguirre Headquarters Building, is a seven-story multi-tenant office building containing 70,975 of gross square feet and 56,070 of net rentable square feet.

Financing Overview

The UnidosUS financing involved the acquisition of real estate owned by HHI, the current refunding of HHI’s outstanding tax-exempt debt issued by the District of Columbia, the termination of HHI’s interest rate swap, and the renovation of certain office and common area within the Raul Yzaguirre Headquarters Building. UnidosUS received several highly-competitive proposals pursuant to a competitive financing solicitation conducted by Wye River Group. The leadership team of UnidosUS selected a lender which provided a 15 year fixed rate commitment with very flexible financial covenants and banking relationship requirements. The transaction closed successfully on UnidosUS’ preferred schedule

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