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In this section

  • Investor Relations
    • Bond Financing Disclosure
    • CU Debt Rating
    • Bonds, Mortgages, Notes Payable
    • Bond Offering Circulars
  • Internal Debt
    • Internal Borrowing Guidelines
    • Internal Borrowing Rate
    • Lease/Loan for Equipment
    • Loan Program for Captial Projects
  • Private Use Compliance
    • Private Use Policy and Guidelines
    • Private Use Questionnaires

Loan Program for Capital Projects

Currently, the university is not issuing any new debt. This program is on hold until further notice.

If you have any questions, please contact Carolann Saggese.

Capital construction loans are available to fund capital construction projects and building renovations. The loan can be either permanent financing or bridge financing to cover gifts that have been pledged or not received to date. These loans are identified in Section 7 of a completed Project Request Authorization (PAR).

Application for University Financing (PDF, 97 KB)

Terms
Interest rate 6.0% for FY 2018 (For budget planning purposes, please use 6% for future years.)
Repayment period Repayment period is based on the life of the asset and the amount of funds borrowed. See the Internal Borrowing Policy.
Procedures Please use the form above. If you have any questions, please contract Carolann Saggese, Director, Debt, (607) 254-1591.

Notes:
  1. The loan application must match Section 7 of the approved PAR
  2. The loan application should be approved by the dean, director, or department head.

 

Office of the Treasurer

341 Pine Tree Road, East Hill Plaza
Ithaca, NY 14850

Email:  treasurer@cornell.edu
Phone: (607) 254-1590
Hours: 8:00 a.m. - 5:00 p.m., Monday - Friday

 

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