New York City Health and Hospitals Corporation
Brooklyn, NY
$49,850,000
>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
