Connecticut, Massachusetts, New Jersey, New York, Pennsylvania
less than one year of operating history
more than three years of operating history or one charter renewal
charter management organizations
stand-alone schools
single-site schools
The Leviticus Fund is motivated by faith and founded on the biblical verse of Leviticus 25:23 and its call for justice in the stewardship of economic resources. The Fund supports transformative solutions that provide opportunities to people with incomes below the living wage by combining flexible capital from social-impact investors and contributors with knowledge sharing to create sustainable and affordable communities.
The Leviticus Fund has worked with five charter schools. It also provides technical assistance to nonprofit clients. Leviticus provides financing, and financing technical assistance. Available products are described here:
Terms
Acquisition Loans
3 years
Construction Loans
2 years
Mini-Permanent Loans
15 years
Permanent Loans
15 years
Predevelopment Loans
3 years
Working Capital
N/A
Maximum Financing for a Single Project
$5,000,000
Maximum Equity for a Single Project
N/A
Maximum Amortization (Years)
30 Years
Key Statistics:
Portfolio Statistics
Total historic financing
$6,214,00
Number of schools/projects supported
N/A
NMTC allocation employed for charter facilities
N/A
Number of schools supported with NMTC
N/A
CDFI BGP allocation deployed for schools
N/A
Number of schools supported with CDFI BGP
N/A
Remaining capacity in CDFI BGP allocation
N/A
Portfolio Performance
$ amount of financing repaid/refinanced
$2,914,000
NMTC matured/refinaced
None
Total number of transactions
8
Original $ amount of defaults
None
Number of defaults
0% (for charter public schools)
Default rate (% of total $ amount of financing)
0% (for charter public schools)
Default rate (% of total number of financings)
0% (for charter public schools)
$ amount of write-offs
0% (for charter public schools)
Number of write-offs
0% (for charter public schools)
Write-off rate (% of total $ amount of financing)
N/A
Write-off rate (% of total number of financings)
N/A
Last Updated: August 2021
Disclosure: Information on this page has been provided by the organization. Any questions related to figures or programs listed should be directed to the contact shown above. Keep in mind that each school’s situation will differ slightly and you’ll need to speak to the contact listed for information specific to your school.
Leviticus 25:23 Alternative Fund, Inc.
The Leviticus Fund is motivated by faith and founded on the biblical verse of Leviticus 25:23 and its call for justice in the stewardship of economic resources. The Fund supports transformative solutions that provide opportunities to people with incomes below the living wage by combining flexible capital from social-impact investors and contributors with knowledge sharing to create sustainable and affordable communities.