Bank of America / RFFI Partnership

The Bank of America made it possible for the Redwood Forest Foundation to acquire the more than 50,000 acre Usal Redwood Forest in mid-2007.

The financing package was specifically structured to allow the Foundation to purchase the Usal Forest in a timely manner in a competitive marketplace in order to get the Usal Forest off the market before it was fragmented and sold to other commercial buyers. As such, one major component of the overall financing package was a bridge (temporary) loan to be repaid from proceeds of an easement sale in relatively short order.