California Enterprise Development Authority AgendaPacket 2026-06-18
CEDA OKs East West Bank Conduit Loan Facility
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Description
CEDA authorized entering into up to $22 million in tax-exempt Authority Loans with East West Bank to finance student housing facilities for CGF Properties LLC in Pasadena. The bank’s loans to CEDA will be repaid solely from assigned borrower repayments under the conduit structure.
Contract Details
Contract Amount
Not to exceed $22,000,000.00
Vendor
EAST WEST BANK
Agency
California Enterprise Development Authority, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
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ONGOINGIssuing Agency
California Enterprise Development Authority
Special District
Sacramento, CA
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