CEFA Bond Financing Program

The California Education Finance Authority (CEFA) Bond Financing Program provides eligible private, non‑profit, post‑secondary institutions in California with access to low‑interest capital through tax‑exempt and taxable revenue bonds. Applicants must be regionally accredited, have at least three years of audited financials, and demonstrate sufficient revenue or collateral to cover debt service. Funds can be used for construction, renovation, land acquisition, equipment purchase/lease, refinancing, and bond‑related costs. Loan terms include market‑determined fixed or variable rates, up to 40‑year maturities, and no maximum loan amount. Fees include a $1,000 non‑refundable application fee, issuance fees up to $75,000, and an annual administrative fee up to $12,000. The program is ongoing with no fixed application deadline. • Eligible applicants: private, non‑profit colleges/universities accredited by WASC, located in California. • Eligible uses: construction, remodeling, land, equipment, debt refinancing, bond issuance costs. • Loan features: market‑based rates, up to 40‑year term, unlimited principal. • Fees: $1,000 application, issuance fees (0.15% up to $10 M, 0.05% above), annual admin fee (0.015%). • Required documentation: three years of audited financial statements. • Contact: Erica Rodriguez, (916) 653‑2872, [email protected].