Magnolia Modifies CLI Capital Loan for Reseda Property

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Existing acquisition loan terms amended to extend maturity date and modify payment obligations; functions as an extension and restructuring of the current financing.

Document type

Minutes

Source document

Magnolia Public Schools Board Meeting Minutes March 2026

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Magnolia Public Schools Board of Directors Resolution March 2026

AMENDED

Magnolia Elementary, California$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)Mar 8, 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 Science Academy 3 District?

Cli Capital was awarded this financial services contract by Magnolia Science Academy 3 District, as recorded on March 12, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Magnolia Public Schools Board Meeting Minutes March 2026 (Minutes), dated March 12, 2026 from Magnolia Science Academy 3 District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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