Borrower: Personalized Learning, Inc., dba Redmond Proficiency Academy, is a charter school located in Redmond, Oregon which opened its doors in 2009. Its mission is based on the concept of providing proficiency-based learning in a personalized environment to grades 6 through 12.
Amount of Loan: $6,180,000
Closed: December 2, 2015
Underwriter: Piper Jaffray & Co.
Description of Loan: The Project was undertaken to finance costs relating to the acquisition, development, construction, renovation and equipping of a new educational facility for the expansion of the middle school program. This was Redmond Proficiency Academy’s first financing through OFA.
Type of Loan: Traditional Bond – Public Offering