Recent Financings
Broadway Housing
Client: Sugar Hill Development
Sugar Hill Development
- Sugar Hill section of Harlem, New York
- $25 million in NMTC Allocation; $80.2 million financing package
- ~191,000SF mixed use facility including the Sugar Hill Children’s Museum of Art and Storytelling and an Early Childhood Center
- 124 affordable studio, one-, two- and three-bedroom apartments
- Parking garage
- LEED Silver Certified
- Partners: Brownfields Revitalization, Capital One Bank, City Council Members, Corporation for Supportive Housing, New York State Homeless Housing and Assistance Corporation, Federal Home Loan Bank of Atlanta through member bank Capital One, Federal Home Loan Bank of New York through member bank HSBC, Low Income Investment Fund, New York City Department of Housing Preservation and Department, Richman Housing Resources
Robin Hood
Client: Robin Hood
Selected Robin Hood Projects
KIPP NYC College Prep
- Mott Haven section of the Bronx, NY
- ~130,000 SF serving 1,000 students
- $76.5 million in NMTC Allocation
- 30+ Classrooms, Library, and Combined Cafeteria Auditorium
- Computer Lab, 5 Science Labs, and Music Room
- Partners: JPMorgan Chase, Consortium America, Community Reinvestment Fund, United Fund Advisors, NYC Department of Education, The Georgetown Company, Philanthropy
Uncommon Crown Heights Charter High School
- Crown Heights section of Brooklyn, NY
- ~110,000SF high school facility serving 1,600 students from the Uncommon Schools and Achievement First charter networks
- $75 million NMTCs
- 58 Classrooms, 3,000SF Library, and Combined Cafeteria and Auditorium
- Rooftop Athletic Field, 2 Full Sized Gyms, 6 Science Labs, and Music Room
- Partners: The Georgetown Company, JPMorgan Chase, The Related Companies, NYC Department of Education, Philanthropy
Drew
Client: Charles R. Drew Charter School
Charles R. Drew Charter School
- Atlanta, Georgia
- $46 million in NMTC Allocation
- $35 million line of credit bridging philanthropy
- ~200,000SF middle school and high school campus
- Wood seen in stairs pictured is reclaimed from the site; stair cases designed for and used as learning areas
- LEED Gold
- 7 Science labs
- Full sized outdoor track and field
- Outdoor classrooms and amphitheater for school and community use
- Partners: Community Affordable Housing Equity Corporation, CF Foundation, East Lake Foundation, Low Income Investment Fund, PNC Bank, SunTrust Bank, Urban America
Educational Alliance
Client: Educational Alliance
Educational Alliance
- Lower East Side neighborhood of Manhattan, New York
- $48 million in NMTC Allocation
- ~$20 million of financing bridging philanthropy and government grants
- ~104,000SF gut renovation of 100-year old headquarter space
- Supports social and educational services to more than 50,000 low-income New Yorkers per year
- LEED Certified
- Early Childhood Education/Head Start programs
- Full Kosher Kitchen and community spaces
- Full sized integrated gym; gym memberships include subsidized memberships for low-income participants
- Teen Center and College Prep programming
- Partners: City National Bank of New Jersey, Community Reinvestment Fund, Consortium America, Dudley Ventures, Goldman Sachs Urban Investment Group, Low Income Investment Fund, McCormack Baron
KIPP NY
Client: KIPP Academy Elementary
KIPP Academy Elementary
- Mott Haven section of Bronx, New York
- $20 million in NMTC Allocation
- $23 million in NYC DOE Capital Funds
- $15.8 million in Philanthropy, with $10 million bridged with financing
- 54,000SF K-8 facility with an additional 20,000SF of shared space
- Full outdoor football field
- Full auditorium
- Partners: Banc of America, Raza Development Fund, NYC DOE
Harlem RBI
Client: HRBI Headquarters & DREAM Charter School
HRBI Headquarters & DREAM Charter School
- East Harlem section of Manhattan, New York
- $27 million in NMTC Allocation
- $5 million of financing bridge philanthropy and government grants
- 6,000SF headquarter space for Harlem RBI
- 54,000SF K-8 facility for DREAM Charter School
- 25,000SF Public Park Space
- 89 Affordable housing units developed on site by Jonathan Rose Companies
- LEED Silver
- Partners: Carver Federal Savings Bank, City National Bank of New Jersey, First Republic Bank, JPMorgan Chase, National Community Investment Fund, Nonprofit Finance Fund, NYCHA, Urban America, Civic Builders, Jonathan Rose Companies, NYC DOE
PAVE Academy Charter School
Client: PAVE Academy Charter School
PAVE Academy Charter School
- Red Hook section of Brooklyn, New York
- 40,000SF K-8 facility
- $39 million Project
- $15 million in NMTC Allocation
- First elementary school construction in Red Hook for over 50 years
- Full gym
- Each classroom is equipped smart boards
- Partners: Civic Builders, Community Reinvestment Fund, JPMorgan Chase, NYC DOE
Center for Urban Community Services
Client: CUCS Headquarters
CUCS Headquarters
- East Harlem section of Manhattan, NY
- 25,000SF
- $12.1 million in NMTC Allocation
- Successfully unwound with privately placed $6.355 million tax-exempt bond issue in 2014
- Facility includes programming, administrative and community training spaces
- Open plan and glass walls create collaborative workplaces
- Large skylight in center of building fills the workplace with an abundance of natural light
- Partners: First Republic Bank, JPMorgan Chase, Local Initiatives Support Corporation
Uncommon Schools
Client: Uncommon Schools
Uncommon Schools
- 11 Financings across 10 facilities
- Cities served: Camden, NJ; Newark, NJ; New York City; Rochester, NY; Troy, NY
- Network serves ~12,000 students, growing to ~17,200 students
- ~$50.5 million in NMTC Allocation across 5 projects
- $52.5 million in QSCBs
- $21 million in QZABs
- ~$19.2 million in Conventional Debt
- Partners: Capital One Bank, Citibank, Goldman Sachs Urban Investments Group, Low Income Investment Fund, M&T Bank, New Jersey Community Capital, NJEDA, PNC Bank, Prudential, The Reinvestment Fund, US Bank