Boston – MassDevelopment has issued a $16.4 million tax-exempt bond on behalf of Lexington Christian Academy Inc., a private, Christian college preparatory school in Lexington.
Lexington Christian Academy
The school used bond proceeds to buy a 52,000sf building it previously leased from Lexington Prep School Inc. and to refinance existing debt. Cambridge Savings Bank bought the bond.
Lexington Christian Academy has been fully accredited since 1967 by the New England Association of Schools and Colleges.
