Real Estate/Development
Nov. 9, 1999
Featured Financing North
Nonprofit gets $34.5 million in public bonds Though the Oddfellows Home of California considered various forms of financing the $42 million redevelopment of the 87-year-old Saratoga Retirement Community in Saratoga, executive administrator Charles Gascoigne says the organization's status as a nonprofit entity easily tipped the scales in favor of issuing a public bond.
Nonprofit gets $34.5 million in public bonds
Though the Oddfellows Home of California considered various forms of financing the $42 million redevelopment of the 87-year-old Saratoga Retirement Community in Saratoga, executive administrator Charles Gascoigne says the organization's status as a nonprofit entity easily tipped the scales in favor of issuing a public bond.
"We checked with banks, but we felt we could do better with public financing," he says.
Wit...
Though the Oddfellows Home of California considered various forms of financing the $42 million redevelopment of the 87-year-old Saratoga Retirement Community in Saratoga, executive administrator Charles Gascoigne says the organization's status as a nonprofit entity easily tipped the scales in favor of issuing a public bond.
"We checked with banks, but we felt we could do better with public financing," he says.
Wit...
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