Borrower: Childpeace Montessori is a unique school in Portland, Oregon, founded in 1976, educating more than 300 toddlers through adolescence on Montessori-based principles. The School’s mission is to guide the development of children, socially and academically, in an urban setting.
Amount of Loan: $8,150,000
Closed: September 29, 2016
Underwriter: U.S. Bank
Description of Loan: This Project was undertaken for the purpose of (i) refinancing the School’s 2007 OFA Traditional bond, (ii) acquiring a leased building that the School was using for classroom space, and (iii) to pay for costs of financing. The bond was structured as a direct purchase by U.S. Bank.
Type of Loan: Traditional Bond – Direct Bank Purchase