Borrower: Northwest Evaluation Association (NWEA) was founded by educators from Oregon and Washington in 1973 for the purpose of building precision in the measurement of individual students’ academic level and growth and to use the resulting data as a transformational teaching tool.
Amount of Loan: $38,000,000
Closed: September 28, 2015
Purchasing Bank: Key Government Finance, Inc.
Description of Loan: This Project was undertaken to purchase the borrower’s headquarters building in Portland, Oregon. This was NWEA’s first financing through OFA.
Type of Loan: Traditional Bond – Direct Placement