Opus Bank is pleased to announce it provided:
- Title: City of San Juan Capistrano
- Amount: $7,995,000
- Month: August
- Year: 2018
The City of San Juan Capistrano (“City”) was incorporated in 1961 in Orange County and is now home to 36,200 people. The City provides a full range of municipal services, including public works, planning and zoning, water and sewer services, parks and recreation opportunities, and development services.
Opus Bank (“Opus”) worked with the City staff and its financing team to refinance tax allocation notes of the City’s Successor Agency to the Community Redevelopment Agency.
The refinancing addressed the upcoming bullet maturity of the notes and provided the City with flexibility in use of property originally funded with the note proceeds.