CMB Infrastructure Investment Group IV Partnership:
The CMB Infrastructure Investment Group IV partnership is our currently available investment. The Partnership is nearly identical to our previously approved Group I, Group II and Group III Partnerships. The structure is exactly the same as all previous CMB partnerships. CMB Group IV is funding infrastructure initiatives through government agencies and publicly supported private initiatives at the former Norton Air Force Base and the former McClellan Air Force Base. This will be the final installment of infrastructure investment with the IVDA to support the now $378 million, nearly complete, Stater Bros. facility. CMB Infrastructure Investment Group IV funds will serve as bridge financing for infrastructure projects that were undertaken by Stater Bros. Markets and Hillwood Development Services.
Approval Notices:
Group IV funding will represent $40 million of over $300 million in infrastructure projects in the IVDA region. Group IV will also be funding $6 million of the over $40 million in infrastructure projects at the former McClellan Air Force Base in Sacramento. CMB Group IV funding of $ 46 million will be combined with local and Federal government funding along with private capital investments from McClellan Business Park and the IVDA/SBIAA for a combined capital investment of nearly $350 million. Over 1,900 indirect jobs alone will resort from this massive expenditure of capital in infrastructure related projects.
The structure of the infrastructure investment loans and jobs creation methodology will be exactly the same as all of the previously approved and successful predecessor CMB partnerships. Our borrowers vary from investment group to investment group as do the individual infrastructure projects we assist to fund.
CMB Group IV investment at the IVDA are directly linked to infrastructure initiatives is support of Stater Bros. $378 million facility and Hillwood Development Company’s $101 million in construction in the IVDA’s South Gate Region.
The second investment in Group IV is with McClellan Business Park (MBP). MBP is a borrower in our Group IV project maps identify the individual projects and their locations within the respective regions.
I.V.D.A. Project Map
