One of CAM’s most unique offerings is pre-bond financing. In most states, charter schools can issue tax-exempt bonds to acquire and develop property. These low-rate bonds will help schools find a permanent home or expand to new campuses. Bonds are typically issued via a conduit issuer, usually a governmental authority.
You may ask: where does CAM fit in? The bond issuance process is long and often delayed. CAM can provide pre-bond financing to help your school reach the bond issuance without disruption. We work directly with your bond team to provide loans that are flexible, medium-term, and designed specifically to bridge the gap until your bond is issued. We can also offer loans in parallel with your existing bond which will conform with all relevant covenants. You can use these funds for pre-development costs for your building, to pay off existing debt, or just as working capital as you get ready to close your bond deal. Talk to us to learn more about this unique opportunity.