Three schools. Three communities. One shared belief that every student deserves a great place to learn.
LIIF is proud to announce the closing of three charter school loans, totaling nearly $19.4 million in financing, that will expand access to quality education for thousands of students across Georgia, New York, and Ohio.
The Meliora School | Gwinnett County, GA | $463,590
The Meliora School will serve up to 625 students in grades 6-12 in one of the fastest-growing counties in the country — a county of one million residents where it’s only the second charter school to open. When Meliora came to us in mid-March needing to close by mid-May, our team delivered in just eight weeks, built with support from the U.S. Department of Education Credit Enhancement Grant program. This is the fourth new charter school we’ve financed in metro Atlanta, deepening our role as a trusted partner in the region’s growing charter sector.
KV Apex Next Generation Charter School 2 | Van Nest, Bronx, NY | $12,000,000
In partnership with Enterprise Community Loan Fund and Reinvestment Fund, we closed on a $32 million financing package for repeat sponsors Knickpoint Ventures and Apex Development Group. Alongside $30 million in New Markets Tax Credit allocation, our financing will help demolish an existing structure and build a new six-story school building for Next Generation Charter School — replicating the K-5 program from its original Bronx campus, with plans to grow into a full K-12 cluster.
Global Ambassadors Language Academy (GALA) | Cleveland, OH | $6,950,000
Alongside IFF, we closed a $13.9 million Source Leverage Loan supporting a $28 million New Markets Tax Credit project to refinance and renovate a vacant former district school site less than a mile from GALA’s current campus. The new building will grow capacity to serve 600+ students in a deeply distressed Cleveland census tract, expanding GALA’s Mandarin and Spanish immersion programs for grades K-8.
Across three very different markets, the throughline is the same: creative, flexible capital can move fast enough to meet school leaders where they are and unlock facilities that help students thrive.