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Private School Funding, College Facility Financing
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We have developed strategies and money sources to provide private schools and colleges with long term facility financing and intermediate
term equipment financing. This is a particularly difficult market in which to find private school financing from conventional sources as
bankers generally don't understand the business model of these schools.
We have very attractive floating and fixed rates for either tax exempt, non profit entities or for profit businesses in this market.
Whether your private school is affiliated with a church or is secular in nature, we have a considerable market for your loan request.
Money is available for classrooms, administration, dormitories or to fill any other educational or business need that the school has.
Finance up to
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100% of the appraised value plus fees. We offer competitive fixed rates for up to 30 years. If you are building a new school facility, you can avoid the cost of a school construction loan by using our method.
One common mistake that many schools make is to finance short to intermediate term assets with long-term money. For example, they may pay for new audio-visual equipment with proceeds derived from the mortgage. In doing so, they will be paying for this equipment long after it is worn out and replaced. It is usually advisable to finance equipment that is not a permanent fixture of the building, such as furniture, seating, audio/visual, and etc. with intermediate financing facilities such as an equipment lease or loan. At Providence, we offer specialized leasing services tailored to your unique needs so we can help you with your intermediate financing as well as your long term financing needs.
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