Saint Augustine's University receives a $30m loan commitment from Gothic Ventures, including a $7m initial term loan.

Saint Augustine's University receives a $30m loan commitment from Gothic Ventures, with a $7m initial term loan for short-term cash flow needs. Gothic Ventures, a Durham-based capital provider, secures the loan with a deed of trust on university real estate holdings. The loan is part of a multi-year plan to stabilize and grow SAU, streamline educational offerings, and optimize its real estate assets.

August 16, 2024
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