Channing House Secures Tax-Exempt Debt Through the CMFA

The CMFA issued $54,045,000 in tax-exempt bond proceeds to Channing House to be used for refunding all or a portion of the outstanding ABAG Finance Authority for Nonprofit Corporations Insured Revenue Bonds (Channing House), Series 2010 and to finance the acquisition, construction, equipping and furnishing of improvements at the Borrower’s continuing care retirement community located at and in the vicinity of 850 Webster Street, Palo Alto, California 94301 in an amount not to exceed $50,000,000 (collectively, the “Project”).  The Project will be owned and operated by Channing House.

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