A new local development corporation for New York City nonprofits has closed its first four tax-exempt bond financings, totaling $93.4 million.

Build NYC Resource Corp. last week closed $49.9 million for the YMCA of Greater New York, $24.7 million for Royal Charter Properties Inc., $15.2 million for New York Foundling Charitable Corp. and $3.6 million for Yeshiva Har Torah.

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