The CMFA Completes the Issuance of $42,610,000 in Bonds for Brethren Hillcrest Homes
The CMFA Completes the Issuance of $42,610,000 in Bonds for Brethren Hillcrest Homes to finance a senior living facility, located in the city of La Verne, County of Los Angeles, California. Brethren Hillcrest Homes is a state licensed Residential Care Facility for the Elderly where older adults move in as independent residents and can then transition to assisted, memory, and/or skilled nursing care. This refinancing will allow them to continue to serve their customers in a cost- effective manner and allow for the constructing and equipping the addition of fourteen independent living residences.