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DC Public and Public Charter Schools
Reply to "Let's start a charter middle school"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Building Hope is technically a nonprofit but borrows money at 2% and then makes loans to charters for 7-9%. [/quote] Holy shit really?! [/quote] On average yes. To be fair a new charter isn't a very good credit risk for a bank - as they have no lines of credit etc. And Building Hope has expertise and contacts which are helpful. But they have overhead and their own organization and offices and staff to support.[/quote] They also probably experience losses on some loans, so need to fund a loss reserve...[/quote]
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