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Education

Funding more places for children to thrive

Low-income communities often have unequal access to quality childcare, K-12 and higher education. This inequity compounds poverty and limits opportunity. BlueHub Loan Fund financing works to change that.

Inquire about a community development loan

Our education financing work

Public charter schools

For many public charter schools, there is no public source of funding for school facilities, and new and expanding schools are often unable to access conventional debt financing. BlueHub Loan Fund targets lending to public charter school leaders with demonstrated ability to holistically nurture and educate children and who go the extra mile to ensure that all children receive the supports, services and challenges they need to learn and thrive.

The Loan Fund's experienced staff works collaboratively with charter school leaders to fill the financing gaps in their school facility projects. In fact, we specialize in hard-to-finance facilities, like start-up and early-stage public charter schools, i.e. schools that have not yet enrolled students or that have been operating for three years or fewer.

By deploying U.S. Department of Education Charter School Facilities Credit Enhancement awards, we are able to make loans that other lenders typically find too risky to support.

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A student at Bridge Boston Charter School, a public charter school serving students in grades K-8 in Roxbury, MA.
Photo by Marilyn Humphries

Learn more about credit enhancement for charter school facilities

Discover how tools like credit enhancement are helping public charter schools overcome facility financing barriers and invest in long-term success.

Download the Credit Enhancement Booklet (PDF)

Early education and childcare facilities, youth programs

Family income is dramatically and unfairly correlated with children's likelihood of success in school. BlueHub financing for educational facilities addresses this inequity by supporting schools, childcare centers, and youth enrichment programs that serve low-income communities and that provide high quality programming, supports and education.

What we offer

We are creative, accessible, relationship lenders.

At BlueHub Loan Fund, we customize our financing to match the needs of each borrower and project. We support schools throughout their growth cycles with acquisition and construction financing, permanent loans for schools that are fully enrolled, and every financing need in between. We also provide technical assistance when and where it is needed to help schools finance quality facilities.

We have a track record of providing flexible, low-cost capital to public charter schools, early education and childcare facilities, and youth programs serving low-income communities and communities of color.

We offer a full range of flexible loan products for education-related projects, including:

BlueHub Loan Fund helps with financing for real estate acquisition in connection with the development of public charter schools, early education and childcare facilities, and youth programs.

We often combine an acquisition loan with a predevelopment loan to allow borrowers to advance the design of their project while they secure the complete project funding.

We will consider loan amounts that approach or even exceed 100% of the value of the collateral.

When the cash coming in from committed project sources does not align with the construction schedule or funder requirements, BlueHub Loan Fund can help with a bridge loan.

BlueHub Loan Fund provides short-term financing for construction, advancing funds into the project monthly after work has been completed and reviewed. Once construction is complete, we convert the loan to a permanent loan, offering long interest-only periods to accommodate increasing enrollment, as well as amortization periods up to 30 years.

BlueHub Loan Fund works with partners to design financing that helps move education projects forward.

BlueHub Loan Fund finances improvements to leased spaces.

BlueHub Loan Fund is an experienced lender to facility projects utilizing New Markets Tax Credits equity, effectively leveraging our expertise with this complex program as a multi-year recipient of New Markets Tax Credits.

BlueHub Loan Fund can provide longer-term financing for fully enrolled facilities that is supported by the net cash flow of the program.

BlueHub Loan Fund can provide debt behind senior bank financing when a project has sufficient cash flow and value to support additional debt.

[BlueHub Loan Fund was] so creative, so strategic. They were able to assemble a complete package that made the building financially feasible for us.

Yully Cha Former Executive Director of Bridge Boston Charter School

Who we partner with

BlueHub Loan Fund provides financing to large and small public charter schools, as well as nonprofit and for-profit organizations that offer early education and childcare across the country, including:

 

Our impact in education financing

$418.7M

Invested in childcare, schools and youth programs

$35M

Received in US Department of Education Charter School Facilities Credit Enhancement awards

Contact Us

To inquire about a loan for a community development project, please complete the form below. Please note that we do not provide small business loans.

Inquiry Form

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Meet our experts

HomeAbout UsOur teamElisabeth Davis

Elisabeth Davis

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Senior Vice President, Commercial Lending
Community Development Financing | BlueHub Loan Fund
Elisabeth develops loan products to meet evolving needs of community development projects in underserved areas across the country.
HomeAbout UsOur teamAndrew Ericksen

Andrew Ericksen

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Loan Officer
Community Development Financing | BlueHub Loan Fund
Andrew works with other members of the Loan Fund team to generate, structure and underwrite community development loans for borrowers nationwide.

Betsy Glynn

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Senior Vice President of Climate Lending
Community Development Financing | BlueHub Loan Fund
Betsy leads the development of loan products that support climate resiliency in low-income communities.
HomeAbout UsOur teamKaren Kelleher

Karen Kelleher

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President
Community Development Financing | BlueHub Loan Fund
Senior Management
Karen is responsible for the impact, financial performance, portfolio quality and strategic direction of BlueHub Loan Fund.
HomeAbout UsOur teamFortunatus Mbeteni

Fortunatus Mbeteni

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Vice President of Lending
Community Development Financing | BlueHub Loan Fund
Fortunatus manages all aspects of providing debt capital to a diverse portfolio of borrowers nationwide.
HomeAbout UsOur teamMichael Nilles

Michael Nilles

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Senior Vice President, Team Leader
Community Development Financing | BlueHub Loan Fund
Mike markets BlueHub Loan Fund to potential borrowers, underwrites loan requests and conducts ongoing portfolio management.

Ron Wong

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Vice President of Lending
Community Development Financing | BlueHub Loan Fund
Ron manages all aspects of providing debt capital to a diverse portfolio of borrowers nationwide.

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