CMFA issues $76,830,000 in Tax-Exempt Bonds to the California Baptist University in Riverside, California

California Baptist University (“CBU”) is one of the top private Christian colleges and universities in Southern California. CBU offers bachelor’s, master’s and credential programs in the in the Cities of Riverside and San Bernardino and online. The proceeds of the Bonds will be used for the acquisition, construction, improvements and equipping of an event center to be located on the main campus of the University in Riverside, California; the construction, renovation and improvement of other facilities currently located on the campus, including housing facilities, the James Building, the Yeager Center, parking lots, science labs, offices, and food service venues; the construction of infrastructure and utility improvements on the campus; and establishing a debt service reserve fund for the Bonds.

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