Magnolia Modifies CLI Capital Loan for Reseda Property
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Description
Magnolia Public Schools approved modifications to its existing acquisition loan with CLI Capital for the 18120 Sherman Way property in Reseda. The action extends the loan’s maturity date and revises certain payment obligations and terms.
Contract Details
Vendor
CLI CAPITAL
Agency
Magnolia Science Academy 3 District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 12, 2026
Renewal Info
Existing acquisition loan terms amended to extend maturity date and modify payment obligations; functions as an extension and restructuring of the current financing.
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Magnolia Public Schools Board Meeting Minutes March 2026
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