Archive for June, 2012

Developer Star Holdings Partners with the CMFA to Complete Financing for the Acquisition and Rehabilitation of Yucca Trails Apartments in San Bernardino County, California

Jun 15, 2012

The CMFA successfully closed a $ 2,100,000 tax-exempt financing for Star Holding. The low-cost financing will be used to acquire and rehabilitate Yucca Trails Apartments located near Joshua Tree, California.  The complex consists of 49 one and two-bedroom apartments for low income residents in San Bernardino County.

EAH Housing Secures Financing through the CMFA for Acquisition and Rehabilitation of Los Robles Apartments in Union City, California

Jun 15, 2012

The CMFA successfully closed a $ 14,200,000 tax-exempt financing for EAH Housing.  EAH serves over 15,000 seniors, families, students, people with disabilities, frail elderly and the formerly homeless. The low-cost financing will be used to acquire and rehabilitate Los Robles Apartments in Union City, California.  The complex consists of 19 two-story buildings and will be home to more than 140 low income families.

The CMFA Assists Non-Profit Caritas Corporation Expand Through Low-Cost Financing

Jun 15, 2012

The CMFA successfully closed a $44,515,000 tax-exempt financing for Caritas Corporation, a non-profit public benefit corporation.  Proceeds from the financing will be used to acquire and complete capital improvements on three separate mobile home parks located in Vacaville, Newcastle and Lancaster, California.

Campbell Christian Schools Secures Low-cost Financing Through the CMFA

Jun 15, 2012

The CMFA recently closed a $6,100,000 financing for Campbell Christian Schools.  The school serves pre-school and school-age students in Silicon Valley.  Proceeds will be used to complete the construction and equipping of a new educational facility and improve and enhance the entire campus.

The CMFA Finances Drasnin Manor for East Bay Asian Local Development

Jun 15, 2012

The CMFA recently completed a $4,500,000 tax-exempt financing for East Bay Asian Local Development Corporation.  Proceeds from the bonds will be used to acquire and refurbish a multifamily rental housing project in the City of Oakland, California.  The project known as Drasnin Manor will consist of 26 one, two and three-bedroom units that will provide quality housing for low and very low income residents.

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