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To contact Shelly Cleary, Senior Vice President, Charter School Finance for more information about the Charter Schools program, please use this form:

 

A Facility
for Success

Charter Schools

CDT’s Charter School Lending Program was developed to provide long-term financing for charter schools that have demonstrated the capacity to cultivate excellent teaching and learning.

Generally, the program seeks to serve schools with permanent financing needs of $7,000,000 or less. Larger loans will be considered. The program provides long-term, fixed-rate first mortgage financing for existing charter facilities and forward commitments to purchase loans on new, to be built facilities upon construction completion.

Eligibility Guidelines

  1. Schools with strong academic performance as evidenced by standardized test scores that are consistent with the terms of the charter and that exceed those of the host district.
  2. At least one successful renewal of the initial charter.
  3. An experienced management team with clearly defined roles and responsibilities.
  4. Strong financial condition.
  5. Demonstrated operational capacity as evidenced by adherence to budgets and positive historical cash flow.

Materials should be sent to Shelly Cleary, Senior Vice President, Charter School Finance.

The terms presented above are representative of CDT charter school financing; actual terms may vary according to specific project and borrower circumstances.

Contact Us

Shelly Cleary
Senior Vice President,
Charter School Finance
212-271-5085

Contact Shelly Cleary