Preston Hollow Community Capital Closes $300 Million Refinancing for Residence Hall Portfolio at Howard University

Washington, D.C. — Preston Hollow Community Capital has closed on $300 million in tax-exempt bond financing. The loan will consolidate financing of Howard University’s Towers, Drew, Cook, Quad and Axis residence halls in Washington, D.C. Loop Capital Markets served as sole underwriter for the bonds and Orrick, Herrington & Sutcliffe acted as bond counsel. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo acted as counsel to the underwriter. Lerch Early & Brewer acted as counsel to Howard University.