Through a diverse set of loan products, including acquisition, construction, leasehold improvement, mini-permanent, permanent, working capital and bridge loans, we’ve supported:
Achievers Early College Prep Charter School (Trenton, NJ): A $200,000 facilities-based working capital term loan to fund facility-related expenses for its second year of operations.
Friends of Hoboken Charter School (Hoboken, NJ): A $3.9 million acquisition loan to secure ownership of a building for a new state-of-the-art learning facility. Hoboken Charter School serves a high percentage of students with disabilities and low-income students in grades K–12 from the city of Hoboken and surrounding districts.
Principle Academy Charter School (Egg Harbor Township, NJ): A $400,000 facilities-based working capital term loan to finance various operating costs.
University Heights Charter School (Newark, NJ): A $750,000 facilities-based working capital term loan to finance various operating costs.
Read our report on New Jersey charter school facility financing, written in collaboration with the Bloustein School of Planning and Public Policy at Rutgers University.