CEFA Bond Financing Program

NOTE: You must create an account and log in through this website (Submittable) in order to submit an online application for CEFA's Bond Financing Program. You may also share a collaboration link with your financing team members if you would like to ask third parties to upload application documents or review your application.

Standard Bond Financing Program

This program provides a borrower with affordable, tax-exempt bonds to qualified nonprofit higher education institutions that wish to buy or refinance property and equipment, or build and improve campus facilities, in order to better serve its student population and faculty. Eligible borrowers may use proceeds from the sale of bonds for construction and/or renovation of facilities, land acquisition for future projects, acquisition of existing facilities, refinancing of existing debt, costs of issuance, or other qualified expenses.

Alternatively, CEFA also offers alternative financing opportunities, such as refunding bonds, taxable conduit bonds, direct/private placements, or pooled bonds.

Flexibility of Financing Structure

CEFA has extensive experience issuing bonds and other forms of indebtedness in both public offerings and direct placements using a variety of structures, including multi-modal indentures, master indentures, master loan agreements, deeds of trust and other security documents, and other financing structures (including forward delivery). The depth of experience of CEFA staff has made the agency well positioned to consider innovative financing techniques.