California Enterprise Development Authority AgendaPacket Regular Meeting 2026-05-14
CEDA Approves $15 Million Loan to TIP Property Caritas LLC
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Description
The California Enterprise Development Authority approved a conduit loan agreement with TIP Property Caritas, LLC, for up to $15 million to finance and equip San Bernardino facilities benefitting low-income residents. The resolution was adopted May 14, 2026, with Zions Bancorporation as the lender.
Contract Details
Contract Amount
Not to exceed $15,000,000.00
Vendor
TIP PROPERTY CARITAS LLC
Agency
California Enterprise Development Authority, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Renewal Info
Authorization is for one or more loans up to stated amount; standard renewal provisions for bond/loan agreements may apply as detailed in agreement.
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APPROVEDCity of San Bernardino Mayor and City Council Agenda April 2026
PENDINGIssuing Agency
California Enterprise Development Authority
Special District
Sacramento, CA
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