Facilities Investment Fund (FIF)
Service Providers: Nonprofit Lender
- less than 1 year of operating history [FIF requires at least one year of operating history if the school is a standalone operator]
- more than three years of operating history or one charter renewal [FIF only requires one year of operating history if the school is a standalone operator]
- charter management organizations
- stand-alone schools
The Facilities Investment Fund, a partnership between the Walton Family Foundation and Civic Builders, is a groundbreaking $300 million loan fund that is committed to improving facilities financing for high-performing public charter schools and networks nationwide.
The Facilities Investment Fund (FIF) provides financing, and leasehold improvement loans [FIF requires that for leasehold improvement loans the lease is financeable]. List of financing products available below:
| Terms (Years) | |
| Acquisition Loans | 5 years |
| Construction Loans | 5 years |
| Mini-Permanent Loans | 5 years |
| Permanent Loans | N/A |
| Predevelopment Loans | N/A |
| Working Capital | N/A |
| Maximum Financing for a Single Project | $20 mm |
| Maximum Equity for a Single Project | FIF can accommodate equity or sub-debt for the remainder of the capital stack. |
| Maximum Amortization (Years) | 25 Years |
| Name of Charter School | Total Project Cost | Lenders Involved |
| El Paso Leadership Academy | $16.7 mm | |
| Persistence Prep | $9.1 mm | |
| Clarksdale Collegiate | $7.2 mm | CSGF, Hope |
| Citizens of the World Charter Schools - Los Angeles | $8.9 mm | NFF |
| Amber Charter School | $15.0 mm | LISC |
Key Statistics:
| Portfolio Statistics |
| Total historic financing | 20+ |
| Number of schools/projects supported | 20+ |
| NMTC allocation employed for charter facilities | N/A |
| Number of schools supported with NMTC | N/A |
| CDFI BGP allocation deployed for schools | N/A |
| Number of schools supported with CDFI BGP | N/A |
| Remaining capacity in CDFI BGP allocation | N/A |
Last Updated: August 2021
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.