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FINANCIAL_SERVICESAMENDED

REACH Leadership STEAM Academy Governing Board Meeting Agenda February 2026

Loan Amendment and Financing with Charter Asset Management

$1,350,000 one-year term loan facilityREACH Leadership STEAM Academy DistrictCHARTER ASSET MANAGEMENT FUND LPFebruary 24, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

The Board approved an amendment to the 2025 loan with Charter Asset Management Fund, L.P. for a $1,350,000, one-year term loan facility. This action provides additional financing to support near-term operational needs and authorizes school leadership to complete all related documentation.

Contract Details

Contract Amount

$1,350,000 one-year term loan facility

Vendor

CHARTER ASSET MANAGEMENT FUND LP

Agency

REACH Leadership STEAM Academy District, CA

Contract Type

FINANCIAL_SERVICES

Document Date

February 24, 2026

Contract Term

1 year (2026)

Renewal Date

2027-02-24

Renewal Info

Amendment increases existing loan amount with new $1,350,000 facility for a one-year term; leadership authorized to finalize subject to lender signoff. Prior loans from 2025 are revised/expanded by this amendment.

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