Innovative Schools Empowers Charter Schools by Holding Their Mortgages

By Elizabeth Scheinberg

This isn't new news. It's really recently discovered news - as in, we never thought about Innovative as having the capital to finance charter school property acquisitions. Apparently, they do and they have been. And now, they even advertise!

From: http://innovativeschools.org/school-solutions

Facilities
Obtain financing for building acquisition, renovation, construction, or leasehold improvements
• Facilities Project Management
• Loan Guaranty Financing
• Direct Lending (NEW PROGRAM)

Note: This program has been so successful, that Innovative is now offering DIRECT LENDING!

Thus far, the following charter schools have been beneficiaries of Innovative's finance menu of services:

Newark Charter School
DMA
Family Foundations
Sills/Moyer Education Foundation (Old Moyer)
DCPA

Category: 1 comments

1 comments:

Nancy Willing said...: HA! Again, super investigation. Keep it coming!

Kavips had a series of posts on 'how to make money on charter schools'. The investment with the public tax payer guarantee. Unless you have a crappy school model - e.g. K-12 an your school falls flat on its feet.; July 15, 2013 at 11:59 AM