Weekly Work Update

May 22, 2020

HIA Update-May 22, 2020

 

HIA Construction Loan

 

We are working to finalize the loan agreement with Western Alliance Bank for the construction loan and additional Association loan.  The City’s take-out commitment document is being finalized for the Bank so that we can close on the construction loan and begin draw down payments as soon as possible.  We anticipate the finalization of the take-out agreement within the next few days and closing on the loan to occur hopefully late next week. 

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