henry-johnson-charter-schoolreport2024-10-28_ba2.pdf
School Maintains Multi-Million Dollar Mortgage with LISC
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Description
Henry Johnson Charter School continues to repay its long-term mortgage to Local Initiatives Support Corporation (LISC), with $5,122,494 outstanding and maturity scheduled for September 2043. The mortgage is secured by the school property and supports facility ownership.
Contract Details
Contract Amount
$5,122,494 outstanding as of June 30, 2024
Vendor
LOCAL INITIATIVES SUPPORT CORPORATION
Agency
Henry Johnson Charter School, NY
Contract Type
FINANCIAL_SERVICES
Document Date
October 28, 2024
Contract Term
Amortizing monthly, maturing September 2043
Renewal Date
2043-09-30
Renewal Info
Original agreement term through September 2043. Amortizes over 28 years. No indication of modification or prepayment in fiscal 2024.
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