Facilities Financing Opportunities (Credit Enhancement)

Description:

As the Commonwealth’s economic development and finance agency, MassDevelopment is committed to achieving three goals: stimulating business, driving economic growth, and helping communities thrive across Masachusetts. Through the Charter School Loan Guarantee Fund, MassDevelopment helps charter schools obtain financing for the acquisition, construction, and/or renovation of school facilities. Under the Program, MassDevelopment issues guarantees on behalf of charter schools on a portion of a loan or bond to improve, purchase or construct its school facilities. A guarantee allows the lender to provide a higher amount of financing and better interest rates than would be allowed under their credit guidelines.

No facilities transaction data is available at this time.

Description:

MFA provides effective, low-cost options to finance the acquisition, construction, improvement, or alteration of land, facilities, equipment, the payment of project costs, or to refinance existing debt. Through the  Michigan Charter School Credit Enhancement Fund, MFA funds a debt service reserve for bonds and loans that provide financing for the construction, renovation, acquisition ion, and leasehold improvements of charter school facilities.

No facilities transaction data is available at this time.

Description:

New Jersey Community Capital is a statewide nonprofit loan fund that provides innovative financing solutions and meaningful technical assistance in underserved communities throughout New Jersey. NJCC is the largest community development financial institution headquartered in New Jersey and is the leading lender to charter schools in the state. Its various lending programs for charter schools range from acquisition and construction financing to mini-permanent and permanent financing to leasehold improvement, lease guaranties, and short-term working capital loans. NJCC’s low cost financing options have supported more than 20,000 charter school seats representing more than 45 charter school campuses in New Jersey, New York, and Washington, DC.

By investing in financially sound, socially-motivated projects that are often unable to access capital from conventional sources, NJCC improves social outcomes while providing a reliable financial return to our investors. In recent years, NJCC has designed innovative strategies to mitigate the problems of the foreclosure crisis. Additionally, NJCC created several successful initiatives to support New Jersey’s recovery from Superstorm Sandy and the COVID-19 pandemic. Meanwhile, NJCC continues to provide portfolio management, financial training, research sponsorship, and policy advocacy to advance the community development industry in New Jersey.

No facilities transaction data is available at this time.