Original NHM Commons loan from First Republic to be refinanced
California Infrastructure and Economic Development Bank (IBank) | State of CaliforniaState · Sacramento, CA- Disclosed value
- $17,000,000 (original NHM Commons Loan)
- From staffreport
- Document date
- Apr 17, 2026
- Renews
- Free account
The 30-second brief
The NHM Commons Loan, originally issued for $17 million by First Republic Bank in 2022 and now held by J.P. Morgan, will be partially refinanced through IBank’s new bond issuance. The loan supports design and construction of the NHM Commons facilities.
First Republic Bank holds this financial services contract with California Infrastructure and Economic Development Bank (IBank) | State of California. Its other public contracts on record include work for NYC-Build NYC Resource Corporation and Governor’s Office of Business and Economic Development - California Infrastructure and Economic Development Bank (IBank).
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Contract details
- Contract type
- Financial Services
- Amount
- $17,000,000 (original NHM Commons Loan)
- Document date
- April 17, 2026
- Term
- Issue date 9/1/2022; maturity 9/1/2029; interest rate 2.95%; lender role since succeeded by J.P. Morgan, Chase Bank
- Renews
- Free account
- Vendor
- First Republic Bank
- Source document
- California Infrastructure and Economic Development Bank Staff Report Conduit 501(c)(3) Revenue Bond Financing 2026-04-17 (StaffReport)
First Republic Bank's other public contracts
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Questions about this contract
Who was awarded the financial services contract by California Infrastructure and Economic Development Bank (IBank) | State of California?
First Republic Bank was awarded this financial services contract by California Infrastructure and Economic Development Bank (IBank) | State of California, as recorded on April 17, 2026. The contract value is $17,000,000 (original NHM Commons Loan).
How much is the First Republic Bank contract with California Infrastructure and Economic Development Bank (IBank) | State of California worth?
The First Republic Bank contract with California Infrastructure and Economic Development Bank (IBank) | State of California is valued at $17,000,000 (original NHM Commons Loan), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in California Infrastructure and Economic Development Bank Staff Report Conduit 501(c)(3) Revenue Bond Financing 2026-04-17 (StaffReport), dated April 17, 2026 from California Infrastructure and Economic Development Bank (IBank) | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does First Republic Bank hold?
First Republic Bank 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 California Infrastructure and Economic Development Bank (IBank) | State of California currently buying?
Explore California Infrastructure and Economic Development Bank (IBank) | State of California's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.