Reply to Lee Montessori Location Announced

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Reply to "Lee Montessori Location Announced"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

I drove past the school, it looks like there are three very defined wings.  Administration said in their email separate spaces, entrances, etc.  The Lee portion at least is being financed through Building Hope, our development partner.  [/quote]

That's what I figured, makes sense.  They are probably financing each part separately.  Building Hope will be able to get the Lee part done with no problem.  A little surprised about the Washington Leadership Academy, that's a lot of space and couldn't have come cheap.  To be able to get that as a school which hasn't opened yet, they might have some big money backers who are kicking in a ton of equity.[/quote]

I interpreted the email to mean that Building Hope will be buying the entire building along with some property developers. WLA will lease from them.[/quote]

Got it, that makes even more sense.  Then you can still do separate deals for each user, with the development team as the final owner/lessor.  Building Hope has some long-term funders who aren't as concerned about immediate payback as a traditional bank lender.  [/quote]

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