MPS Amends & Extends $7.8M Property Loan with CLI Capital

Scope & details

The full contract record, as filed.

Contract amount

$7,825,000 (original principal) plus $715,000 accrued interest, with monthly payments of $141,572 from February 2026 through March 1, 2027 (approx. $1.84 million for extension period)

Contract type

FINANCIAL_SERVICES

Contract term

Original maturity February 1, 2026; extended to March 1, 2027 (13-month extension)

Renewal date

2027-03-01

Renewal

Original maturity date was February 1, 2026; the Board exercised its contractual right to extend the loan maturity by 13 months and restructured the required interest payment. Prior approvals included loan (Jan 2025) and assignment to LLC (Dec 2025). This is a formal amendment to loan terms, security instruments, and maturity.

Document type

Resolution

Source document

Magnolia Public Schools Board of Directors Resolution March 2026

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Magnolia Public Schools Board Meeting Minutes March 2026

AMENDED

Magnolia Science Academy 3 District, CaliforniaMar 12, 2026

magnolia-elementary-meeting-minutes-2025-01-16_af0.pdf

approved

Magnolia Elementary, California$7,600,000Jan 16, 2025

magnolia-elementary-meeting-minutes-2025-01-16_b35.pdf

approved

Magnolia Elementary, CaliforniaNAJan 16, 2025

Magnolia Public Schools RFP for Refinancing November 2024

ONGOING

Magnolia Science Academy 5 District, California$31,738,960 (total of three notes payable, 10% and 9.5% interest rates)Nov 20, 2024

sycamore-acad-of-sci-and-cultural-arts-chino-vly-distreport2024-06-30_843.pdf

ONGOING

Sycamore Acad of Sci and Cultural Arts - Chino VLY DIST, California$1,600,000 loanJun 30, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Magnolia Elementary?

Cli Capital was awarded this financial services contract by Magnolia Elementary, as recorded on March 8, 2026. The contract value is $7,825,000 (original principal) plus $715,000 accrued interest, with monthly payments of $141,572 from February 2026 through March 1, 2027 (approx. $1.84 million for extension period).

How much is the Cli Capital contract with Magnolia Elementary worth?

The Cli Capital contract with Magnolia Elementary is valued at $7,825,000 (original principal) plus $715,000 accrued interest, with monthly payments of $141,572 from February 2026 through March 1, 2027 (approx. $1.84 million for extension period), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Magnolia Public Schools Board of Directors Resolution March 2026 (Resolution), dated March 8, 2026 from Magnolia Elementary. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cli Capital hold?

Cli Capital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Magnolia Elementary currently buying?

Explore Magnolia Elementary's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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