CSDC New Markets Fund, LLC

Washington DC


CSDC New Markets Fund, LLC is a wholly owned subsidiary of Charter Schools Development Corporation (CSDC).

CDFI Awards for CSDC New Markets Fund, LLC


NMTC (2005) - $40,000,000

The NMTC Allocation will allow CSDC New Markets Fund, LLC to (1) substantially increase the volume of financing that it provides to charter schools in the most distressed low-income communities; (2) finance substantially larger charter school projects; and (3) improve the financial stability of the charter schools that it finances. CSDC has designed a mezzanine loan product and a high loan-to-value senior debt product that will allow it to help high-impact schools that would not otherwise be able to develop and own their own facilities. In addition to being able to minimize their equity investment, the charter schools financed by CSDC will also benefit from a lower interest rate.



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