Low Cost, Tax-Exempt Financing Provided for the Sacramento Country Day School
The CMFA issued $9,750,000 in tax-exempt loan financing. The proceeds of the Loan will be used to refinance existing indebtedness of SCDS. The proceeds of which Prior Debt were used to refinance the construction, acquisition, installation, renovation, rehabilitation and improvement of real property, facilities, equipment and improvements of the Borrower’s educational facilities located on its campus at 2636 Latham Drive, Sacramento, California 95864 (the “Campus”), including but not limited to a new building with classrooms, administrative offices and a new library; the construction of the Borrower’s Middle and High School Science Center and extensive refurbishment of the Borrower’s infrastructure located at the Campus; and miscellaneous construction, renovation, improvements, capital maintenance, equipment acquisition and installation thereof and improvements to one or more existing buildings located at the Campus.