New York City Health and Hospitals Corporation

Brooklyn, NY


>100% Loan to Cost CTL Private Placement Bond financing.
  • Renovated 1920s vintage office building in transitioning neighborhood
  • Unrated tenant that is a component unit of the City of New York
  • Funding of tenant’s operations and lease is subject to annual Appropriations Risk
  • 31.6 year NN lease with fixed rent increases underwritten
  • 30.9 year term with an equivalent 38.9 year amortization schedule