Build with Purpose

Quick Facts

Entity Synopsis

101 SEYMOUR AVENUE, EDISON, NJ 08817

732-635-1000

info@bwpurpose.org

Founded in 2003, Build with Purpose is an innovative non-profit real estate company with a focus on community and economic development. Using real estate as a catalyst for social change, Build with Purpose revitalizes communities through the redevelopment of vacant or underutilized buildings and land. Our projects include transforming warehouses into schools, renovating convents into affordable housing and turning abandoned urban lots into vibrant community space. By stabilizing vital community assets, our projects transform neighborhoods and provide long-term financial stability to our clients. Build with Purpose (BWP) offers charter schools (start-up and mature) access to the following: acquisition loans for school facilities; construction and permanent financing for facility projects; access to predevelopment lending for projects; leasehold improvement loans; and lease guarantees.

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Entity Snapshot

2012
Total CSP Funds:
$8,000,000.00
Total Directly Enhanced:
$41,214,658
Total Financing Leveraged:
$113,395,889
Number of Schools Served:
16
Number of New Schools Served:
13

Locations Served by CE Lender

ACADEMY CHARTER HIGH SCHOOL

ACADEMY CHARTER HS

ARTS ACADEMY CHARTER HIGH SCHOOL

BAXTER ACADEMY

BRIDGE BOSTON

BROWNSVILLE ASCEND

BUSHWICK ASCEND CHARTER SCHOOL

CANARSIE ASCEND

CANARSIE ASCEND MIDDLE SCHOOL

CENTRAL BROOKLY ASCEND MIDDLE SCHOOL

CENTRAL BROOKLYN ASCEND

CYPRESS HILL ASCEND LOWER SCHOOL

HOPE ACADEMY CHARTER SCHOOL

KIPP ACADEMY BOSTON CHARTER SCHOOL

KIPP TECH VALLEY CHARTER SCHOOL

MATCH CHARTER PUBLIC SCHOOL

Schools Served

School Name Award Year Federal Fiscal Year School Served Amount of Financing Leveraged Grant Funds Committed
ACADEMY CHARTER HIGH SCHOOL 2012

2015

$2,900,000.00 $75,000.00
ACADEMY CHARTER HS 2012

2016

$2,950,000.00 $812,000.00
ARTS ACADEMY CHARTER HIGH SCHOOL 2012

2015

$1,700,000.00 $200,000.00
BAXTER ACADEMY 2012

2017

$4,100,832.00 $522,000.00
BRIDGE BOSTON 2012

2016

$17,000,000.00 $1,500,000.00
BROWNSVILLE ASCEND 2012

2017

$616,805.00 $200,000.00
BUSHWICK ASCEND CHARTER SCHOOL 2012

2015

$2,850,000.00 $427,500.00
CANARSIE ASCEND 2012

2016

$1,943,251.67 $285,000.00
CANARSIE ASCEND MIDDLE SCHOOL 2012

2018

$4,026,317.00 $315,663.25
CENTRAL BROOKLY ASCEND MIDDLE SCHOOL 2012

2018

$4,168,285.00 $326,793.54
CENTRAL BROOKLYN ASCEND 2012

2015

$2,200,000.00 $300,000.00
CYPRESS HILL ASCEND LOWER SCHOOL 2012

2018

$4,305,398.00 $337,543.20
HOPE ACADEMY CHARTER SCHOOL 2012

2015

$3,835,000.00 $1,040,000.00
KIPP ACADEMY BOSTON CHARTER SCHOOL 2012

2015

$21,000,000.00 $800,000.00
KIPP TECH VALLEY CHARTER SCHOOL 2012

2016

$15,800,000.00 $2,130,479.00

Lending Snapshot

Total Transaction Financing

Amounts Directly Enhanced and Financing Leveraged by Year

Number of Schools Served Each Year by Lender