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  • detail image of project

    $7.5MM Loan Helps Boost Los Angeles Charter School Enrollment Capacity by 50%

  • detail image of project

    $7.5MM Loan Helps Boost Los Angeles Charter School Enrollment Capacity by 50%

  • detail image of project

    $7.5MM Loan Helps Boost Los Angeles Charter School Enrollment Capacity by 50%

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Red Hook Teach II, LLC

Red Hook Capital Partners (RHCP)—a Southern California real estate development and investment firm—plans to acquire and redevelop a new site for Teach Tech Charter High School (Teach High) in Los Angeles, CA. Teach High provides a high-quality teaching and learning environment for students, focusing on literacy and integrating state-of-the-art technologies to achieve academic proficiency.

Clearinghouse CDFI provided a $7.5MM loan for RHCP to acquire and rehabilitate the site into a new charter high school facility for Teach High.

The new, larger location will allow Teach High to continue providing quality education for a low-income population, and increase enrollment capacity by 50%—from approx. 250 to 500 high school students. This project will retain 34 full-time jobs and create 4 additional full-time jobs.

Download the PDF: Just Funded – Red Hook Teach II, LLC

"Red Hook is committed to providing superior facilities for thriving charter schools. Clearinghouse CDFI has been an outstanding partner and shares Red Hook's mission to develop socially, impactful projects."
- Craig Underwood, Managing Principal, Red Hook Capital Partners
Financing Provided:
$7.5 Million in Debt Financing
Location:
Los Angeles, CA
Impact:
- Increase enrollment capacity by 50%
- Retain 34 full-time jobs & create 4 full-time jobs
Purpose:
Debt financing to acquire facility for Teach Tech Charter High School
Year Funded:
2017
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