Thu 01/05/2023 15:30 PM
Relevant Document:Notice (Jan. 5)
Amsterdam House Continuing Care Retirement Community dba The Harborside missed the Jan. 1 interest payment on $168 million in Series 2021 continuing care retirement community revenue bonds issued by the Nassau County Industrial Development Authority. The missed payment constitutes an event of default under the master indenture, according to a notice filed to EMMA by the bond trustee, UMB Bank.
The trustee drew the full amount of nearly $1.6 million from the...
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