Low Cost, Tax-Exempt Financing Provided for the University of the Pacific

The University of the Pacific (the “University”), founded in 1851, is the oldest chartered university in California.  From its beginnings in Santa Clara, the institution has evolved into an institution with campuses in Stockton, Sacramento, and San Francisco.

The CMFA issued $33,120,000 in tax-exempt bond financing. The proceeds of the Bonds will be used by the University of the Pacific to: (1) finance and refinance all or a portion of the acquisition, construction, improvement and equipping of educational and related facilities, including related administrative facilities, athletic facilities, site improvements, and parking, including but not limited to construction of facilities for student housing to be known as Upper Division Housing, to be located at the University’s campus at 3601 Pacific Avenue, Stockton, California 95211 and other improvements located on the Stockton Campus.

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