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ADVERTISEMENT
Finance package boosts school
Monday, August 04, 2008
By PATRICK JOHNSON
[email protected]
HOLYOKE - MassDevelopment, the state's finance sap finance screenshots and citicapital transportation finance development authority, announced Friday a $10.9 million refinancing package for the Holyoke Community Charter School that will allow the school to consolidate its debts, officials jefferies finance llc said.
The 3-year-old charter school at 2220 Northampton St., will receive a $8.4 million tax-exempt bond purchased by TD Banknorth and a $2.5 million charter loan guarantee issued by MassDevelopment. The package will refinance previous debt incurred by the school during the addbudget finance director purchase and renovation
cfo finance manager performance goals
of it's school building.
The financing obtained by the school will significantly reduce its debt service requirements resulting in a savings of more than $200,000 annually, officials said.
"That's huge. It's a great deal for them," said Leslie R. Lawrence, commercial state farm finance corporation lender for MassDevelopment
"Now they can put that money back into the school instead milford auto finance of paying some debtor," she said.
The financing allows the school to consolidate its debts at 5.05 percent interests and stretched out over a longer bullhead city gmc finance term, which will mean lower monthly payments.
Paulette Dalpes, chairman of the school's