Our Model

Loans for Education Facilities

Charter schools

  • Eligible Borrowers: Individual charter schools, charter school networks or management organizations, special purpose entities or subsidiaries managed by school operators, and nonprofit or for-profit real estate developers which lease to school operators.
  • Interest Rate: 6%
  • Product Term:
    • Bridge: 3 years
    • Working Capital: 2 years
    • Predevelopment: 2 years
    • Acquisition: 3 years
    • Construction: 3 years
    • Mini-Perm: 7 years
    • Permanent: 27 years
  • Loan Fees: Up to 1.5% of loan amount plus legal fees

Child care centers

  • Eligible Borrowers: Nonprofit and for-profit early childhood program operators; community development corporations and other mission-driven development organizations providing space for early childhood centers. Priority to projects in LISC sites.
  • Interest Rate: 6%
  • Product Term:
    • Predevelopment: 2 years
    • Acquisition: 3 years
    • Construction: 3 years
    • Mini-Perm: 7 years
  • Loan Fees: Up to 1.5% of loan amount plus legal fees