Bond financing of a landmark building for new pre-school programs

ThinkForward Financial successfully closed a tax-exempt bond financing of $7,550,000 for The Diller-Quaile School of Music, Inc., for its acquisition of a landmark townhouse located at 20 East 95th Street in Manhattan, adjacent to its existing facility.

The bonds were purchased by a bank in our extensive lending network. A portion of the bonds were structured as fixed rate bonds, at a seven-year rate of 2.96%; the remainder of the bonds were structured as floating rate bonds, with a current rate of 1.61%.

As Financial Advisor, ThinkForward managed the entire financing process, including finding the ideal lender, managing the issuer application process and obtaining all necessary approvals, preparing financial analyses to determine the optimal structure, preparing the tax analysis, coordinating with all legal counsels, and closing on the financing. With ThinkForward's guidance, the transaction was closed under budget and on schedule.

If you would like more information on this financing or have projects that need financing, or would like to refinance existing higher-interest rate debt, please write or call at 917 887 2600, or email us at sunil@thinkforwardfinancial.com.

“We are so very grateful for ThinkForward's extraordinary work and leadership throughout the entire financing process, and we are extremely excited about the School's promising future.”

Kirsten Morgan, Executive Director
Diller-Quaile School of Music