NEW YORK CITY—Yeshiva University, which has been taking steps, including selling assets, to stabilize its finances, has secured a $175-million loan from Kansas City, MO-based UMB Bank.

The 10-year financing deal was used to refinance five buildings Yeshiva owns on Lexington and Amsterdam avenues. The five properties are: 215, 245 and 253 Lexington Ave. and 2495 and 2520 Amsterdam Ave. The university says the financing deal closed in late August and replaced short-term loans on the properties that were coming due this fiscal year. A university spokesman says the new financing deal “raised additional liquidity and runway to support university initiatives in the coming years,” according to the Mortgage Observer.

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