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Archive for June, 2013

The Carey School Partners with the CMFA on Tax-Exempt Financing

Jun 25, 2013

The CMFA recently closed a $3,000,000 financing for the Carey School.  The school serves pre-school and school-age students in the greater Bay Area. Proceeds from the tax-exempt financing will be used to complete campus improvements including the addition of a dedicated early child development center, a flexible multipurpose room, addition of administrative offices and enhance security for the entire campus.

The CMFA Provides Financing for the St. Albans Country Day School

Jun 25, 2013

The CMFA recently completed a $2,260,000 financing for the St. Albans Country Day School. Based in Roseville, CA, St. Albans is an independent private day school which emphasizes high academic standards, strong character and integrity which continues to serve their students for a lifetime.

Scripps College Secures Low-Cost Financing Through the CMFA

Jun 25, 2013

The CMFA recently closed a tax-exempt financing for Scripps College. As a member of the Claremont College Consortium Scripps College students benefit from joint academic programs and shared resources among the member colleges. Proceeds from the low cost financing were used to finance the school’s educational facilities, student housing, science center and other campus improvements located in Claremont, California.

CMFA Closes Tax-Exempt Financing for Town & Country Manor

Jun 17, 2013

Town and Country Manor provides a caring environment that is designed to meet the physical, social and spiritual needs of seniors. Founded in 1948, Town and Country Manor‘s wide range of services provides its 280 residents with superb care which ensures its residents with continued health and well-being. Recently, the Santa Ana, CA-based organization turned to the CMFA when it came time to refinance its existing debt.  Better loan terms and lower interest costs will allow the organization to continue its superior, compassionate care for years to come.

Award Winning, San Diego Interfaith Housing Foundation Selects the CMFA for Acquisition Rehabilitation of their Del Prado and Delta Manor Apartments

Jun 17, 2013

San Diego Interfaith Housing Foundation recently completed an $8.2 million financing through the CMFA.  Proceeds from the bonds were used to acquire the two sites located in the South Bay area of San Diego. Although well maintained, interior renovations and updates at both sites will soon begin. Residents will enjoy remodeled kitchens and bathrooms including cabinets, countertops, ranges, flooring and bath tubs, sinks, faucets and toilets. In addition energy efficient windows and patio doors and improved HVAC systems will be installed. The financing will ensure that low income residents of San Diego will have access to affordable housing for the next 55 years.

San Francisco-based Rhoda Goldman Plaza Selects the CMFA as Issuer

Jun 17, 2013

Rhoda Goldman Plaza is an assisted living facility that provides housing with supportive services for the elderly. Located in San Francisco, the staff at Rhoda Goldman Plaza provides a unique environment that promotes independence at an affordable cost. The Plaza houses 155 units, including 37 units for residents with dementia or Alzheimer’s disease. Residents receive quality care tailored to their individual needs enriched by culture and tradition in an atmosphere dedicated to promoting health and well-being in mind, body, and spirit.  Recently, the CMFA was selected as Issuer for their tax-exempt financing. Proceeds were used to refinance existing debt. The organization will enjoy improved both lower interest costs and improved cash flow from this financing.