$5 Million Construction Line of Credit

Gulf Coast State College is seeking proposals from financial institutions for a $5 million non-revolving line of credit to provide interim financing for an ongoing campus construction project.

Gulf Coast State College


General
Open
RFP#2 Line of Credit
Nov 06, 2026 08:00 PM
Oct 26, 2026 03:28 PM
$5,000,000.00
Request for Proposal (RFP)
State
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Original Solicitation Links
Contact
jmercer@gulfcoast.edu
+18508723807
Submission Instructions
Email
Description

Gulf Coast State College seeks proposals from financial institutions for a tax-exempt, unsecured, non-revolving line of credit of up to $5 million. The facility will provide interim financing for an ongoing construction project while the college awaits grant reimbursement. The lender will hold the directly placed loan; the college will not provide a debt service reserve or prepare offering documents.

Classification Codes
NAICS522110Commercial Banking
PSCW056Lease or Rental of Equipment: Construction and Building Materials
Smart Codes
line of credit financingcommercial lendingconstruction project financing
Specifications
Service Only
Timeline
Nov 1, 2026-Questions Due
Nov 06, 2026 08:00 PM-Proposal Submission Deadline
Nov 7, 2026-Intent to Award
Nov 17, 2026-Board of Trustees Approval
Dec 8, 2026-Anticipated Closing of Line of Credit
Requirements
Informational
Documents
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