Charter Schools

Charter schools are often in the news both because of great student success stories but also because of challenges faced in obtaining financing for facilities. Often the charter renewal process and variable political climate combined with the short-term nature of operations are impediments to financing. MCM’s experienced team may be able to help with these financing challenges so you can get working on those student success stories. MCM’s Financing Program provides:

Long term FIXED rate financing

Loan payments are fixed for the term of the loan

Tax-exempt borrowing rates

Typically 20-30% lower than traditional taxable bank loans

Certificates of Participation (COPs)

May be used to acquire, improve or construct a facility

100% financing available

Security required

First mortgage on facility plus a pledge of State school aid