BlueHub Capital (formerly Boston Community Loan Fund)

Quick Facts

Entity Synopsis

10 MALCOLM X BOULEVARD BOSTON, MA 02119

617-427-8600

info@bluehubcapital.org

BlueHub Loan Fund, Inc. (f/k/a Boston Community Loan Fund, Inc.) is a nonprofit community development financial institution. Since 1985, we have invested over $1.4 billion in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, connecting these neighborhoods to the mainstream economy. We are committed to working together with our peers and partners across the nation toward our goal of an inclusive prosperity that ensures that low-income people and communities have access to the tools they need to create wealth, opportunity and lasting change. Whether we are financing a health center or a charter school, solar panels or a saw mill, a low-income family or an established developer of affordable housing, our focus remains on developing financial tools, programs and ideas that provide access to opportunity, bridge gaps rather than widen them, and offer the potential and promise to change the world. In the charter school sector, BlueHub Loan Fund (BHLF) supports flexible loan terms to high capacity schools serving low-income families that can't meet their facility needs with tradition financing products. Products include one or more of the following features: Equity requirement below 10%; Loan-to-Value over 90%; Available to schools that have not been through a charter renewal; Available to independent schools (not part of a CMO network); Below market pricing; Loan terms that extend past charter renewal; Maximum guarantee fee of 1% at closing; Flexible collateral requirements for leasehold improvements; and Subordinate financing.

Please click the link(s) below to access this entity's abstract.

Abstract for 2015 grant not available.

Entity Snapshot

2015
Total CSP Funds:
$8,000,000.00
Total Directly Enhanced:
$56,502,733
Total Financing Leveraged:
$105,282,628
Number of Schools Served:
14
Number of New Schools Served:
14

Locations Served by CE Lender

ASPIRE EAST ACADEMY

BLACKSTONE VALLEY PREP HIGH

BROOKE HIGH SCHOOL

BROOKLYN LABORATORY CHARTER SCHOOL

FREEDOM PREPARATORY WESTWOOD

GESTALT COMMUNITY SCHOOLS MENDENHALL

GREAT OAKS CHARTER SCHOOL

GREEN DOT BLUFF CITY HIGH SCHOOL

HARRIET TUBMAN CHARTER SCHOOL

PCA MIDDLE SCHOOL

PURPOSE PREP

RESURGENCE HALL CHARTER SCHOOL

RISE MAYORAL ACADEMY

VALOR COLLEGIATE ACADEMIES

Schools Served

School Name Award Year Federal Fiscal Year School Served Amount of Financing Leveraged Grant Funds Committed
ASPIRE EAST ACADEMY 2015

2017

$- $455,000.00
BLACKSTONE VALLEY PREP HIGH 2015

2017

$8,365,000.00 $450,000.00
BROOKE HIGH SCHOOL 2015

2017

$25,000,000.00 $1,130,000.00
BROOKLYN LABORATORY CHARTER SCHOOL 2015

2018

$8,456,000.00 $720,000.00
FREEDOM PREPARATORY WESTWOOD 2015

2017

$1,274,924.00 $388,000.00
GESTALT COMMUNITY SCHOOLS MENDENHALL 2015

2019

$10,555,158.00 $573,000.00
GREAT OAKS CHARTER SCHOOL 2015

2018

$18,100,000.00 $1,000,000.00
GREEN DOT BLUFF CITY HIGH SCHOOL 2015

2018

$60,000.00 $300,000.00
HARRIET TUBMAN CHARTER SCHOOL 2015

2019

$1,307,175.00 $1,270,003.00
PCA MIDDLE SCHOOL 2015

2017

$3,212,200.00 $1,500,000.00
PURPOSE PREP 2015

2017

$2,720,000.00 $469,000.00
RESURGENCE HALL CHARTER SCHOOL 2015

2019

$4,941,505.00 $206,000.00
RISE MAYORAL ACADEMY 2015

2019

$6,884,148.00 $517,000.00
VALOR COLLEGIATE ACADEMIES 2015

2018

$14,406,518.00 $195,000.00

Lending Snapshot

Total Transaction Financing

Amounts Directly Enhanced and Financing Leveraged by Year

Number of Schools Served Each Year by Lender