Charter School Building Loans and Financing

180 Varick Street, Suite 1414, New York, NY, 10014

About this service

Civic Builders helps charter schools get money to build, buy, or fix their school buildings. They offer special loans with low interest rates that are easier for schools to afford than regular bank loans. They have three main types of loans: predevelopment funds for early planning costs, facilities investment fund loans up to $25 million for construction and renovation, and New Markets Tax Credit financing. These loans help charter schools create permanent buildings so they can focus on teaching students instead of worrying about where to hold classes.

Details

Who can use this

Authorized charter schools, with focus on schools in their first charter term including Year 0 schools

Cost

Below-market interest rates, specific rates not specified

Organization

Civic Builders

Lack of school facilities impedes the growth of high-quality charter schools nationwide. Charter schools are often left to navigate costly and complex real

Other help like this

All services

Strategic Advisory Services for Charter SchoolsCivic Builders helps charter schools plan and build their facilities. They offer three main services: helping cities create better plans for school buildings, finding money from donors to pay for schools, and giving schools expert advice on budgets and timelines. Their team has over 20 years of experience helping schools turn their vision into reality. Schools can contact them to discuss their building projects and get professional guidance on making their facilities affordable and permanent.

Charter School Real Estate and Financial ServicesCivic Builders helps charter schools find, build, and pay for permanent school buildings. They offer three main services: real estate development to build or find school facilities, loans and financial products to help schools afford buildings, and strategic advice to help schools plan their growth. Charter schools can fill out a form to request help with finding facilities, getting loans, or receiving guidance on expanding their school. The organization specializes in helping high-performing charter schools in communities that need more good schools.

Real Estate Development for Charter SchoolsCivic Builders helps charter schools build new school buildings. They are a nonprofit that puts schools first, not profits. They help with finding land, getting money, designing the building, and managing construction. Schools can rent the building or buy it later for less money than it cost to build. They have built 37 schools and created 16,500 student seats. They offer three main services: Turnkey Development (they handle everything), Purchase Option (buy your school for less), and Owner's Representative (project management help).

Simple pleasures are the last healthy refuge in a complex world.
Oscar Wilde.

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