Taxable Term Loan
The Hoffman Institute Foundation was established in 1967. Hoffman is a not-for-profit organization dedicated to adult education. There are affiliated Hoffman Centers in 10 countries with more than 100,000 people who have taken the residential, week-long Hoffman Process retreat. Retreat sites are located in California and Connecticut. Hoffman also offers a number of virtual courses and webinars.
Proceeds of the Hoffman’s Taxable Term Loan were used to finance a portion of the costs associated with the acquisition of a 190+ acre property in Petaluma, California known as the IONS EarthRise Retreat Site.
The loan is intended to serve as bridge financing pending receipt of proceeds of Hoffman’s project-related capital campaign and the sale of its existing property. The financing closed successfully on December 1, 2021.