iLEAD SCVi - Castaic, CA

Congratulations to the Santa Clarita Valley International School (“SCVi”) and the Maker Learning Network on the successful closing of their $21,065,000 tax-exempt Series 2021A and $765,000 taxable Series 2021B bonds! At the time of the financing, SCVi served approximately 934 students in grades TK/K-8 and was the only International Baccalaureate (“IB”) Programme in the Santa Clarita Valley, allowing all students to pursue the full IB Diploma Programme or take individual IB electives. The school plans to achieve their stabilized enrollment of 1,010 students by the 2023-24 school year. The bonds refinanced an interim loan, proceeds of which were used to acquire their approximately 51,560 square foot building located on 5.2 acres in Castaic, California. Prior to the refinanced interim financing and the subsequent bond financing, SCVi had been operating in the facility pursuant to an escalating lease. The bonds also financed additional facility improvements. Choice Advisors served as the municipal advisor on the financing.