California Public Finance Authority

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California Public Finance Authority

CalPFA Closes $3 MM Financing for Credo High School

The California Public Finance Authority (“CalPFA”) has provided $3 million of tax-exempt revenue bonds to Credo High School for the purpose of financing capital improvements to the public charter school. The school serves approximately 200 students with a single campus located in Rohnert Park, Sonoma County.

The financing will allow the Borrower to repurpose a 45,000 square foot former business incubator space in a business park to become the high school campus. The new facility will allow the school to grow and eventually serve up to 600 students.

CalPFA partnered with Greenspoon Marder and Tortoise Credit Strategies, LLC to provide financing to the Borrower for the development of the educational facilities.