NEW YORK, Nov. 8, 2018 /PRNewswire/ -- This notice is to inform holders of the New York City Housing Development Corporation Multi-Family Rental Housing Revenue Bonds (The Nicole) $54,600,000 2005 Series A – CUSIP 64970HBJ2 and $10,400,000 2005 Series B (Federally Taxable) – CUSIP 64970HBH6 (collectively, the "Bonds") that 55th & 9th LLC, the owner of the multi-family rental housing facility located at 400 West 55th Street in the Borough of Manhattan, New York (the "Project"), which was financed in part by the proceeds of the Bonds, has executed an application for the refinancing of its existing mortgage loan on the Project.
A successful refinancing of the Project's mortgage loan could result in either the mandatory tender or mandatory redemption of the Bonds in accordance with the terms of the Multi-Family Rental Housing Revenue Bonds (The Nicole) Bond Resolution adopted by the Members of the New York City Housing Development Corporation on November 16, 2005.
While an application for a mortgage loan refinancing has been executed, no assurance can be given regarding either the likelihood that 55th & 9th LLC will successfully close such refinancing or the potential timing associated with it.
This notice contains forward-looking statements that involve risks and uncertainties. Certain statements in this notice constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that address expectations or projections about the future, including, without limitation, statements about refinancing the existing mortgage loan or otherwise repositioning the Project, are forward-looking statements.
Some of forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," "goal," "believes," "will," "may," "should" and similar expressions. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Accordingly, actual results or performance may differ significantly, positively or negatively, from forward-looking statements made herein. Unanticipated events and circumstances are likely to occur. Factors that might cause such differences include, but are not limited to, the final determination of the terms of the refinancing, as referenced above, and should be carefully considered by holders. We undertake no obligations to update any forward-looking statements. No representation or warranty is made as to the future performance or any forward-looking statements.
SOURCE New York City Housing Development Corporation