Facilities Financing Opportunities (Credit Enhancement)

Description:

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 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.

No facilities transaction data is available at this time.

Description:

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.

Description:

Building Hope, a Charter School Facilities Fund established in 2003, is a national nonprofit organization that believes investments in the growth of quality charter schools will increase under-served children’s chances of success in life. Building Hope supports high quality charter school growth by providing facilities financing, turn-key charter school facility development, incubator space, and back-office business support services to charter schools nationwide.