In a major success for our client, client Jamul Indian Village, the Jamul Indian Village Development Corporation (JIVDC), owner and operator of Jamul Casino®, closed on a refinance with a syndicate of commercial banks. JIVDC was able to retire all of its high interest pre-development debt and consolidate its financing in a single low interest loan. With this refinance, the JIVDC was able to pay off the entirety of its high interest rate loan with funds from the refinance and significantly reduce the interest rate on its debt.

Procopio Native American Law group leader Kerry Patterson provided legal counsel for the JIVDC. This transaction is the second refinance the JIVDC has completed in just over a year with Procopio’s assistance. The commercial bank syndicate was led by Western Alliance Bank. The other lenders were U.S. Bank, Nevada State Bank, KeyBank, First-Citizens Bank & Trust Co., and Columbia State Bank.

Learn more in JIVDC’s press release.