Fort Jackson
EDUCATION
New Jersey College Asks Bondholders To Borrow Against Mortgage
Rider University, a small college outside of Trenton, New Jersey, is trying to raise additional funds to help an ongoing liquidity crunch. College officials asked bondholders for permission to borrow against the mortgage on the school’s main campus in Lawrenceville, New Jersey, according to a bond filing dated Friday. If approved, the move would free up much-needed cash for Rider in the short-term.
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