BankUnited announced the purchase of $26.5 million in tax-exempt bonds to refinance existing debt obligations at Dominican College in Orangeburg, NY.
The original bonds were used to build student housing, an activity center and science center at the private liberal arts college.
The new bonds reduced the College’s debt costs, and the savings will be available to further other college programs and scholarships, according to Anthony Cipppola, Dominican College CFO.
Located in Rockland County, the college offers degree opportunities in Liberal Arts and Sciences, Business, and the professions at the graduate and undergraduate levels.
