OMAHA, Neb., Oct. 22, 2012 (GLOBE NEWSWIRE) -- The Company acquired 100% of the $9.5 million tax-exempt mortgage revenue bonds issued by the North Carolina Housing Finance Agency as part of a plan of financing for the acquisition and rehabilitation of the Greens at Pine Glen property on October 18, 2012. The tax-exempt mortgage revenue bonds secured by the property were acquired by the Company at par and consist of two series that mature in October 2047. The Series A bond has a par value of $8.5 million and bears interest at an annual rate of 6.5%. The Series B bond has a par value of $950,000 and bears interest at an annual interest rate of 12.0%.
America First Tax Exempt Investors L.P. Announces Recent Investment Activity
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