NY College Wins Critical Loan to Stave Off Bond-Payment Risk

Dominican University New York received a loan from an asset-management firm that will allow it to refinance debt, eliminating a large upcoming bond payment that was posing a major threat to its finances.

The $34 million transaction with Fundamental Advisors LP was arranged by V2 Municipal Capital, a firm started last year by former executives from lender Preston Hollow Community Capital.

The more than 70-year-old school about 20 miles from Manhattan in Rockland County — where over a third of the students are Latino — is among small colleges that have been struggling due to demographic pressures and increased ...