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Bridge Loan Provides Relief for Murphys Sanitary District

By Vanessa Gonzales posted 03-22-2021 06:03 PM

  

Longtime CSDA member, Murphys Sanitary District was approved for financial assistance from SRF for the upgrade of their wastewater treatment plant, with funds to be delivered in the form of a reimbursement grant. The district reached out to the CSDA Finance Corporation for assistance in obtaining a $4 million bridge loan to tide them over between reimbursements. Finance Corporation consultants were able to identify two bridge funding options for the district, including an affordable option that allowed the district to make prepayments on the loan with zero prepayment penalty.  

 

The CSDA Finance Corporation provides financing solutions for a variety of district needs, including short-term loans and refinancings. Please visit www.csdafinance.net for more information or to request no cost, no obligation rate quote. 

 
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