FINANCIAL_SERVICESAPPROVED

California Enterprise Development Authority Awards Financial Services Contract to Cn Financing Inc (August 2026)

CN Financing, Inc., a subsidiary of City National Bank, is engaged as private placement lender to provide tax-exempt loans to the California Enterprise Development Authority for the Morgan Autism Center financing. The expected par amount is approximately $26.5 million, with total projected payments of about $48.8 million over the life of the obligations.

Document date · August 20, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
Currently expected par amount $26,500,000; finance charge $500,000; total payment amount $48,822,513.68
Contract type
FINANCIAL_SERVICES
Renewal
Loan Agreement among CN Financing, Inc., CEDA, and Morgan Autism Center will govern terms of the Issuer Loans and Borrower Loans; obligations remain until fully repaid or refinanced.
Document type
AgendaPacket
Source document
California Enterprise Development Authority AgendaPacket Regular Meeting 2026-08-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Enterprise Development Authority?

Cn Financing Inc was awarded this financial services contract by California Enterprise Development Authority, as recorded on August 20, 2026. The contract value is Currently expected par amount $26,500,000; finance charge $500,000; total payment amount $48,822,513.68.

How much is the Cn Financing Inc contract with California Enterprise Development Authority worth?

The Cn Financing Inc contract with California Enterprise Development Authority is valued at Currently expected par amount $26,500,000; finance charge $500,000; total payment amount $48,822,513.68, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in California Enterprise Development Authority AgendaPacket Regular Meeting 2026-08-20 (AgendaPacket), dated August 20, 2026 from California Enterprise Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cn Financing Inc hold?

Cn Financing Inc 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 California Enterprise Development Authority currently buying?

Explore California Enterprise Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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