Capital Impact Partners

Private Capital Providers: Nonprofit Lender
225
number of schools supported
$ 701,072,757.00
in financings

  • National

http://www.capitalimpact.org/
  • charter management organizations
  • stand-alone schools
  • single-site schools

Capital Impact Partners has a mission to help people and communities reach their highest potential at every stage of life. It provides financing, financing technical assistance services, and credit enhancement. Available products are outlined here:

 Terms (Years)
Acquisition loans2
Construction loans10
Mini-permanent loans10
Permanent loans3
Predevelopment loans2.6
Working capital3
Leverage loans for New Markets Tax Credit (NMTC) transactions7
Equipment7
Line of credit1

 

Maximum financing for a single project$6,000,000
Maximum amortization (years)25

 

Financial Overview
U.S. Department of Education (ED) Credit Enhancement$18,000,000
New Markets Tax Credit (NMTC) allocation total$492,000,000
Community Development Financial Institutions Bond Guarantee Program (CDFI BGP) allocation total$95,000,000

 

Portfolio Statistics
Total historic financing1$701,072,757
Number of schools supported225
NMTC allocation employed for charter facilities$162,122,392
Number of schools supported with NMTC19
CDFI BGP allocation deployed for schools$28,900,000
Number of schools supported with CDFI BGP3
Remaining capacity in CDFI BGP allocation$67,058,771

 

Portfolio Performance
$ amount of financing repaid/refinanced2$629,884,060
NMTC matured/refinancedN/A
Total number of transactions3225
Original $ amount of defaults4$5,815,000
Number of defaults6
Default rate (% of total $ amount of financing)0.83%
Default rate (% of total number of financings)2.67%
$ amount write-offs$1,677,929
Number of write-offs6
Write-off rate (% of total $ amount of financing)0.24%
Write-off rate (% of total number of financings)2.67%

 

Footnotes:

1Financing defined as grants, recoverable grants, loans, and guarantees.

2Includes full repayments only; does not include partial amortizations or restructurings.

3Number includes only those financings with a repayment obligation; it excludes grants.

4A defaulted loan is defined as one in which the school can no longer make debt service payments and the lender must litigate or foreclose for repayment. This figure represents the loan amount at origination, not the amount outstanding at default.

 

Last Updated: December 2015

 

Disclosure: Information on this page has been provided by the organization. Any questions related to figures or programs listed should be directed to the contact shown above. Keep in mind that each school’s situation will differ slightly and you’ll need to speak to the contact listed for information specific to your school.