Build with Purpose
Quick Facts
Entity Synopsis
732-635-1000
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.
Entity Snapshot
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 Lenders
Schools Served
| School Name | Award Year | Federal Fiscal Year School Served | Amount of Financing Leveraged | Grant Funds Committed |
|---|---|---|---|---|
| ACADEMY CHARTER HIGH SCHOOL | 2012 | 2015 |
$6,884,148.00 | $75,000.00 |
| ACADEMY CHARTER HS | 2012 | 2016 |
$14,406,518.00 | $812,000.00 |
| ARTS ACADEMY CHARTER HIGH SCHOOL | 2012 | 2015 |
$2,900,000.00 | $200,000.00 |
| BAXTER ACADEMY | 2012 | 2017 |
$2,950,000.00 | $522,000.00 |
| BRIDGE BOSTON | 2012 | 2016 |
$1,700,000.00 | $1,500,000.00 |
| BROWNSVILLE ASCEND | 2012 | 2017 |
$4,100,832.00 | $200,000.00 |
| BUSHWICK ASCEND CHARTER SCHOOL | 2012 | 2015 |
$17,000,000.00 | $427,500.00 |
| CANARSIE ASCEND | 2012 | 2016 |
$616,805.00 | $285,000.00 |
| CANARSIE ASCEND MIDDLE SCHOOL | 2012 | 2018 |
$2,850,000.00 | $315,663.25 |
| CENTRAL BROOKLY ASCEND MIDDLE SCHOOL | 2012 | 2018 |
$1,943,251.67 | $326,793.54 |
| CENTRAL BROOKLYN ASCEND | 2012 | 2015 |
$4,026,317.00 | $300,000.00 |
| CYPRESS HILL ASCEND LOWER SCHOOL | 2012 | 2018 |
$4,168,285.00 | $337,543.20 |
| HOPE ACADEMY CHARTER SCHOOL | 2012 | 2015 |
$2,200,000.00 | $1,040,000.00 |
| KIPP ACADEMY BOSTON CHARTER SCHOOL | 2012 | 2015 |
$4,305,398.00 | $800,000.00 |
| KIPP TECH VALLEY CHARTER SCHOOL | 2012 | 2016 |
$3,835,000.00 | $2,130,479.00 |
| MATCH CHARTER PUBLIC SCHOOL | 2012 | 2014 |
$21,000,000.00 | $500,000.00 |