Recent ISRF Interest Rates
IBank’s rates are primarily based on the MMD municipal bond scales, and take into account the borrower’s credit profile, IBank’s cost of funds, and available subsidies. We strive to offer our borrowers the most competitive rates possible.
Recent ISRF Program Loans – Approved Interest Rates
| Board Approved Date | Borrower Name | Project Name | Loan Amount | Term | All-In Interest Rate |
|---|---|---|---|---|---|
| 9/25/2024 | City of Santa Cruz | Front-Spruce-Pacific 54-Inch Sewer Rehabilitation Project and Wastewater Treatment Facility Headworks Rehabilitation Project | $26,000,000 | 30 Years | 4.10% |
| 1/24/2024 | The Sunset Beach Sanitary District of Orange County | Broadway Pump Station Bypass Sewer Project | $8,500,000 | 30 Years | 4.78% |
| 8/23/2023 | City of San Diego | Organics Processing Facility | $40,000,000 | 20 Years | 4.04% |
| 1/25/2023 | City of Pacifica | Phase 1: Lower Linda Mar Rehab and Replacement and UV Disinfection System Replacement Project | $21,000,000 | 30 Years | 4.36% |
| 12/21/2022 | Tiburon Fire Protection District | Fire Station 10 Project | $4,300,000 | 30 Years | 4.44% |
| 12/21/2022 | City of Watsonville | Landfill Phase IV Construction Project | $6,000,000 | 25 Years | 4.23% |
| 10/19/2022 | County of Sacramento | NARS Commercial Waste Transfer Building Project | $35,000,000 | 30 Years | 4.67% |
