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CMFA Recommends $40 Million Sherman Way Financing

Cmfa Special Finance Agency Viii
Disclosed value
$40,000,000
From report
Document date
Oct 9, 2026
Renews
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The 30-second brief

What it covers

The CMFA Executive Director recommended a Final Resolution for $40 million in financing for Security Properties’ Sherman Way Biltmore Apartments. The Los Angeles acquisition and rehabilitation will preserve 101 affordable units, with an estimated November 2026 closing.

Who holds it

Security Properties holds this financial services contract with Cmfa Special Finance Agency Viii. Its other public contracts on record include work for City of Beaverton and San Gabriel Valley Regional Housing Trust.

What happens next

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Contract details

Contract type
Financial Services
Amount
$40,000,000
Document date
October 9, 2026
Term
17-year maturity; estimated closing November 2026
Renews
On record
Vendor
Security Properties
Agency
Cmfa Special Finance Agency Viii
Source document
California Municipal Finance Authority Report 2026-10-09 (Report)

Security Properties's other public contracts

City of Beaverton, OregonSecurity Properties Negotiation Agreement Ends for Hall Center Site · Oct 23, 2026UndisclosedCity of Beaverton, OregonSecurity Properties ENA For Hall+Center Terminates · Aug 25, 2026UndisclosedSan Gabriel Valley Regional Housing Trust, CaliforniaHousing Trust Recommends $2.5 Million Security Loan · Jun 16, 2026$2.5MCity of Beaverton, OregonSecurity Properties ENA For Hall+Center Terminated · May 12, 2026UndisclosedCity of Beaverton, OregonExisting Security Properties ENA noted for expiry · Apr 28, 2026UndisclosedAll Security Properties contractsVendor profile

More Cmfa Special Finance Agency Viii contracts

Fieldstone Communities LLCCMFA Considers Oakleaf Estates Financing District · Oct 28, 2026UndisclosedPasso Saltair LPCMFA Considers Passo Saltair Housing Grant · Oct 28, 2026up to $10,000Fieldstone Communities LLCCMFA Considers $3.5 Million Oakleaf Debt Authorization · Oct 28, 2026Ct Capital LLCSpecial Tax Reduction Requested by CT Capital · Oct 28, 2026Undisclosed710 Broadway Affordable LPCMFA Considers $525 Million Broadway Bond Issue · Oct 28, 2026All Cmfa Special Finance Agency Viii activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Cmfa Special Finance Agency Viii?

Security Properties was awarded this financial services contract by Cmfa Special Finance Agency Viii, as recorded on October 9, 2026. The contract value is $40,000,000.

How much is the Security Properties contract with Cmfa Special Finance Agency Viii worth?

The Security Properties contract with Cmfa Special Finance Agency Viii is valued at $40,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in California Municipal Finance Authority Report 2026-10-09 (Report), dated October 9, 2026 from Cmfa Special Finance Agency Viii. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Security Properties hold?

Security Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Cmfa Special Finance Agency Viii currently buying?

Explore Cmfa Special Finance Agency Viii's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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