cornell

Cornell University

Ithaca, NY

$50,878,000

Fixed rate construction-to-permanent CTL Private Placement Bond financing.
  • A to-be-built, special-use University facility with no on-site parking
  • Construction-to-permanent loan without credit enhancement
  • 19 month I/O period, followed by 30 yr. term / 30 yr. amortization
  • Repayment Guaranty and Surety Bond for Performance and Payment in place
  • High LTV