LaVerne Elementary Preparatory Academy (“LEPA”) in Hesperia, California successfully closed their $12,080,000 tax-exempt Series 2019A and $420,000 taxable Series 2019B bonds to fund the construction of new a school facility. LEPA utilized its own cash to acquire the land on which the new school will be built. The new school will consist of four single-story buildings and four modular buildings with a total gross square footage of approx. 45,833 sq. ft., and include admin space, multipurpose rooms, classrooms, bathrooms, a parking lot, turf playing field, and a playground area with a basketball court. The school will move from its leased facility to its new site which will be able to accommodate an additional 150 students. LEPA provides an innovative, classical educational program that enables all scholars to learn skills, acquire knowledge, apply wisdom and develop within a rich, diverse and nurturing learning environment. The non-rated bonds were completed with a 4.5 year call at par in 2023. Eight investors participated in this financing. Choice Advisors served as LEPA’s financial advisor.