---
title: "Lincoln Educational Services secures $15.04 million Provident Bank mortgage loan for Illinois campus property purchase"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292357515.md"
description: "Lincoln Educational Services secured a $15.04 million mortgage loan from Provident Bank to fund the acquisition of its Melrose Park, Illinois campus property. The loan carries a 5.99% fixed rate for five years before resetting, matures in July 2036, and is backed by guarantees from the parent company and subsidiaries."
datetime: "2026-07-10T20:56:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292357515.md)
  - [en](https://longbridge.com/en/news/292357515.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292357515.md)
---

# Lincoln Educational Services secures $15.04 million Provident Bank mortgage loan for Illinois campus property purchase

-   Lincoln Educational Services closed a USD 15.04 million mortgage loan with Provident Bank tied to its Melrose Park, Illinois campus property purchase. \* Financing supported the USD 18.8 million acquisition of the facility and real estate, with the balance funded from cash on hand. \* Loan carries a 5.99% fixed rate for five years, then resets to 5-year Treasury yield plus 1.75%, with a 5% floor. \* Matures July 1, 2036; monthly principal-and-interest payments of about USD 97,628 begin Aug. 1, 2026. \* Secured by the property; backed by guarantees from the parent and its subsidiaries. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lincoln Educational Services Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-028230), on July 10, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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