North Valley Hospital Saves the District 1.4 Million Dollars on Bond Refinance

The final close of the Bond Refinance was September 13th, 2017.

Interest Only Refinance:
Original Payoff and New Payoff Date: December 2023.

Original Estimation of Savings:
Approximately $586,000 over the remaining term of the bond by lowering the interest rate.

Realized Savings:
A3 Credit Score was awarded giving us a $1,453,857 savings over the remaining term of the loan.

Previous Interest Rate: 5.52%
New Interest Rate: 2.94%