GATES arranges $7.786 million for CP Nassau and CP Bayville

Roosevelt, NY GATES Capital Corp. has arranged and closed a $7.786 million  financing/refinancing for the benefit of Cerebral Palsy of Nassau County/UCP Bayville (CP Nassau and CP Bayville). The financing had both refunding and new money components. A portion of the funds went to finance new capital projects throughout Nassau County for programs to assist those afflicted with cerebral palsy and other disabilities. CP Nassau also took advantage of low tax-exempt interest rates to refinance outstanding conventional mortgages with significant savings.

United Cerebral Palsy Association of Nassau County, Inc. and Subsidiary (d/b/a “CP Nassau”) and UCP Bayville, Inc. (d/b/a “CP Bayville”) are separate independent 501(c)(3) not-for-profit health agencies that serve children and adults with cerebral palsy and other disabilities. CP Nassau operates a comprehensive treatment and rehabilitation center which provides onsite services for Nassau County residents with a broad range of mild to severe disabilities and operates residential, special educational, adult day treatment, vocational and recreational programs. CP Bayville operates a 48 bed intermediate care facility for individuals with disabilities.

GATES Capital is a specialty Investment Bank whose principal activities include the origination, sales, trading and advisory of tax-exempt and taxable debt products. The Investment Banking Division of GATES has distinguished itself as a market leader in the management of complex credit structures for the benefit of our not-for-profit and private sector clients.