Charter Schools
$19M in 3 direct loans. CTC has provided critical support to the iLearn Academy Charter School, including:
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In 2018, a $1.4M predevelopment loan was provided to acquire neighboring properties and conduct architectural and engineering work
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In 2021, a $2.9M bridge loan enabled the completion of design work and the commencement of construction. Later in the same year, a $14.2M NMTC leveraged loan was secured, $1.8M of that amount came from Rapid Response Program from CDFI to support economic relief in communities affected by COVID-19
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Funded through a $20M Qualified Equity Investment (QEI) using NMTCs from affiliate Guam CDE.
In addition, CTC has financed 16 public and private schools in Guam, including 5 of the last 6 public schools constructed through a public-private partnership sale-leaseback structure. In 2009 CTC financed the Guam Northern Schools Project, which included delivery of four new public schools with total development costs of $58.5M