The Not-For-Profit Banking team has provided St. Ann’s School with $36M in private placement tax exempt bonds. This will allow the school to finance the purchase and renovation of a ~25,000 square foot property previously leased by Saint Ann’s. Additionally, the school secured a $6M revolving line of credit to finance working capital needs.
Founded in 1965, Saint Ann’s School is an independent, non-sectarian day school offering preschool through 12th grade educational services. Saint Ann’s is located in Brooklyn Heights, NY and has an enrollment of over 1,100 students.
Tax Exempt Bonds
and Line of Credit
$42,000,000
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