MidFirst Bank Selected for Cardiff Housing Financing
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Description
CEDA authorized MidFirst Bank to provide up to $30 million in tax‑exempt Authority Loans to finance Cardiff Orthodox Housing Foundation’s senior housing project, with current estimates based on a $28.4 million issuance. The bank’s loans to CEDA will be repaid solely from assigned borrower loan payments under the conduit structure.
Contract Details
Contract Amount
Not to exceed $30,000,000 (with current estimates based on $28,400,000 issuance)
Vendor
MIDFIRST BANK
Agency
California Enterprise Development Authority, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
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Issuing Agency
Special District
Sacramento, CA
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