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Biola University Partners with the CMFA on Campus Expansion

In response to their continued enrollment growth, Biola University will construct a new residence hall and parking structure. The expansion will be financed using $40.0MM in tax-exempt bonds and issued by the CMFA. The construction is expected to be completed and ready for students in time for the Fall Semester 2015.
Founded in 1908, Biola University is firmly committed to academic excellence. The school has six schools, offering four baccalaureate degrees in 39 majors, 18 masters and eight doctoral degrees. This is the second financing that the La Mirada-based University has completed through the California Municipal Finance Authority.

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