BH Finance
BH Finance
If your school needs facility financing, we’ll get it for you at the lowest cost.
Working with impact-minded lenders and investors, we can help your school purchase land for a new facility, renovate an existing facility, or secure and/or guarantee a lease or loan on a facility. Since 2003, we have provided charter schools across the country with more than $295 million in loans and credit enhancements.
Financing We Offer
Building Hope’s status as a nonprofit organization, along with the trust we have built with lenders, enables us to provide loans and credit enhancements at below-market rates. We work with both existing and new schools. Our goal is to provide you with the highest-quality financing at the lowest cost.
Building Hope provides both senior and subordinated loans for a period of three to 25 years. Typically, we obtain a security interest in the property being financed or seek other collateral to secure the loan. Many of our transactions involve multiple lenders where Building Hope provides the last dollars needed to complete the project. Loans can be used to bridge longer-term financing options, grant funds, or fund capital in New Market Tax Credit transations.
Building Hope provides lease and loan guarantees for facilities financing and leases to public charter schools nationwide. General terms include a guaranty period of three to five years and an annual reduction in the guaranty. Credit enhancements are supported in part by a grant from the U.S. Department of Education Charter School Program. Preference is given to new schools that have been operating for less than three years and/or with at least 50% of their students eligible for free or reduced-price lunch.
In addition to direct financing of building projects, we can arrange and advise schools on complex bond financing, securing the lowest rates available in the capital markets. Since 2015, when Building Hope became licensed as a Registered Municipal Advisor, we have arranged more than $650 million in low-cost, tax-exempt financing for charter schools.
Direct Lending
Building Hope provides both senior and subordinated loans for a period of three to 25 years. Typically, we obtain a security interest in the property being financed or seek other collateral to secure the loan. Many of our transactions involve multiple lenders where Building Hope provides the last dollars needed to complete the project. Loans can be used to bridge longer-term financing options, grant funds, or fund capital in New Market Tax Credit transations.
Credit Enhancement
Building Hope provides lease and loan guarantees for facilities financing and leases to public charter schools nationwide. General terms include a guaranty period of three to five years and an annual reduction in the guaranty. Credit enhancements are supported in part by a grant from the U.S. Department of Education Charter School Program. Preference is given to new schools that have been operating for less than three years and/or with at least 50% of their students eligible for free or reduced-price lunch.
In addition to direct financing of building projects, we can arrange and advise schools on complex bond financing, securing the lowest rates available in the capital markets. Since 2015, when Building Hope became licensed as a Registered Municipal Advisor, we have arranged more than $650 million in low-cost, tax-exempt financing for charter schools.
School financing
Building Hope works closely with each school client to design a financing solution that is right for your needs and your school.
Full Service
They turned around and said, ‘We don’t want to lend you a million dollars. We want to put down ten million to buy the building, get it in shape, and in five years, we want to give you the opportunity to buy it yourself.’
Kelly Davenport
CEO & Co-Founder, Freire Schools
Philadelphia, PA
Hive Prep
Miami, FL
$9 Million
long-term permanent financing
VALOR
Austin, TX
$500,000
subordinate debt (equity)
L.A.M.B.
Washington, DC
$29 Million
bond financing
Richard Wright
Washington, DC
$380,000
pre-development financing
Our Impact
Whether for renovation or new construction, Building Hope works closely with each school client to design a building that is right for your needs and your students.
Highlighted below are a few of our completed projects across the country.
Let's Start a Conversation
For more information about how Building Hope can help your charter school succeed, or to find out how to invest in the mission, please fill out the short form below.