Archive for January, 2017

Linfield Christian School Selects the CMFA as Issuer

Jan 20, 2017

The CMFA issued 23,000,0000 to the Linfield Christion School. The proceeds of the Bonds will be used to refinance outstanding indebtedness of the Borrower incurred to finance and refinance the construction, acquisition, installation, renovation, rehabilitation and improvement of real property, facilities, equipment and improvements of the Borrower’s educational facilities located on its campus located at 31950 Pauba Road, Temecula, California 92592.

LINC Housing Secures Tax-Exempt Debt Through the CMFA

Jan 17, 2017

The CMFA issued $7,864,000 in tax-exempt bond proceeds to LINC Housing for the construction of a new affordable housing project. The Diamond Court Apartments project is a new construction of a 45-unit affordable multi-family housing development consisting of 5 two story buildings on 2.27 acres. The project site is an infill location. The project accommodates families with unit sizes of one, two, and three bedrooms located at Diamond Street, Anderson, CA. Five of the units will be built as accessible, and 2 units will have auditory and visual communications features.

The CMFA Issues $203,800,000 in Tax-Exempt Financing for the NorthBay Healthcare Group

Jan 11, 2017

The CMFA issued $203,800,000 in tax-exempt bonds for the NorthBay Healthcare Group. Proceeds of the Bonds will be applied to finance the renovation and expansion of NorthBay Medical Center, including equipping of the renovation and expansion, located at 1200 B. Gale Wilson Boulevard, Fairfield, California, and the renovation of certain related health care facilities, known as Gateway Medical Plaza, located at 1860 Pennsylvania Avenue, Fairfield, California, each of which is owned and/or operated by the NorthBay Obligated Group.

The CMFA Assists AVID on a $29,215,000 Tax-Exempt Bond Financing in San Diego, CA

Jan 10, 2017

The CMFA acted as issuer of $29,215,000 in tax-exempt bonds used to finance the acquisition of a 92,463 square foot headquarters and office building located at 9797 Aero Drive, San Diego, CA 92123; finance capital improvements and fixtures, furniture and equipment for the facility and pay expenses incurred in connection with the issuance of the Obligations.  The financed facilities will be owned and operated by the Borrower.