purple logo 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 DateBorrower NameProject NameLoan AmountTermAll-In Interest Rate
8/23/2023 City of San DiegoOrganics Processing Facility$40,000,000 20 Years4.04%
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%