"United Health Services (UHS) uses TELP on an annual basis and has executed deals totaling almost $100 million. The annual interest savings achieved through TELP helps participating hospitals like UHS to provide quality hospital services and technologies at a lower cost."
Carmen Mazzotta
Advisor to UHS and Health Capital Partners, LTD President
DASNY’s Tax-Exempt Equipment Leasing Program (TELP) helps our customers to finance state-of-the-art equipment.
Health care facilities, higher education institutions and certain other eligible not-for-profit institutions receive the benefit of tax-exempt financing by using TELP.
Eligible New York State borrowers include:
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Any not-for-profit hospital
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Residential health care facilities
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Diagnostic and treatment centers
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Higher education institutions
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Certain not-for-profit corporations legally authorized to do business with DASNY
Some of the eligible equipment include:
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Electronic medical records systems
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Radiology equipment
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Angiographic systems
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CT scanners and other imaging systems
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MRI systems
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Laboratory/clinical analysis equipment
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Telecommunications equipment
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Energy management equipment
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Surgical equipment
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Information technology equipment
TELP Provides
- Low interest rates
- Simplified documentation
- Financing for multiple equipment purchases
- A vehicle to finance industry leading technologies to keep systems up-to-date
DASNY's Savings Calculator/Amortization Schedule and Cost of Financing
Use the tools below to see how DASNY's TELP program can save you money
TELP provides clients with the ways and means to finance the most current technologies and keep systems up-to-date.
Savings Calculator / Amortization Schedule
To illustrate the savings DASNY clients typically experience through the use of the TELP Program, the following table presents the weighted average interest cost achieved by DASNY for recent tax-exempt transactions. The Weighted Average Calculation Matrix uses the average taxable and tax-exempt rates.
Comparable Tax-Exempt & Taxable Interest Rates
|
All Transactions |
|
|
Tax-Exempt Rate |
1.62% |
|
Taxable Rate |
2.44% |
All of the fees listed below can be financed as part of the cost of issuance. Note however that the fees will be counted against the 2% limit that can be financed on a tax-exempt basis.
| DASNY Administrative | $75,000 cap 1 |
| Institutional Counsel | varies |
| DASNY Bond Counsel | varies |
| Escrow Agent (if required) | varies |
| Financial Advisor (if required) | varies |
1 The fee is 30 basis points on the par amount of the lease with a maximum cap of $75,000. The fee may be prorated over multiple closings within a one-year period in the event that a multi-phase program is undertaken during that period.