The CMFA Completed the issuance of $52,915,000 in Bonds for Emerson College
The proceeds of the bonds will be used to refinance the Authority’s outstanding Revenue Bonds, Emerson College Issue, Series 2011, the proceeds of which were loaned to the Borrower to finance the acquisition, construction, furnishing and equipping of a 10-story, approximately 118,000 square foot mixed-use building containing classrooms and administrative office space, 220 student housing rooms containing 220 beds, four faculty apartments, ground floor retail space, 158 bicycle spaces and a 245-space parking garage with three levels of subterranean parking owned and operated by the Borrower and located on 37,350 square feet of land at 5960 West Sunset Boulevard, Los Angeles, California.