MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY
The SEED School of Maryland Issue
Wye River Group Served as The SEED School of Maryland’s Independent Financial Advisor for this Transaction.
Refinancing of its outstanding Series 2010 Bonds issued by MHHEFA.
In June of 2019, Wye River conducted a competitive solicitation for a non-bank qualified tax-exempt direct loan for up to $20.5 million. SEED Maryland received 10 highly competitive proposals and ultimately selected a lender that provided very favorable pricing for the loan, including a fully-amortizing 18-year conventional fixed rate commitment around 2.5%. The financing successfully closed in October 2019.