Thumbs up! SCHOLARSHIP FUNDS. Refinancing a bank loan to buy additional property can be a good deal, but in the case of the Highlands University Foundation, it was even better because it freed up more than $120,000 a year in student scholarship money. The foundation bought 1.25 acres of prime real estate next to its Rio Rancho campus, and in doing so, struck a favorable financing deal with the Bank of Las Vegas.
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