FINANCIAL_SERVICESAPPROVED

Southern California Flex Academy District Awards Financial Services Contract to Charter Asset Management Fund Lp (June 2023)

The Virtual Prep Academy at Lucerne Board approved a $1,000,000 capital loan from Charter Asset Management Fund, L.P., to fund school operations. The agreement includes a $49,376.35 cost of capital and secures CAM a first position security interest. Funding closes June 30, 2023 and repayment is scheduled from September to December 2023.

Status
APPROVED
Document date
June 27, 2023
Contract type
FINANCIAL_SERVICES
Vendor
Charter Asset Management Fund Lp
Agency
Southern California Flex Academy District · CA

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

Scope & details

The full contract record, as filed.

Contract amount
$1,000,000.00 (net amount funded), $1,049,376.35 (factored amount), cost of capital $49,376.35
Contract type
FINANCIAL_SERVICES
Contract term
Closing Date: June 30, 2023; Repayment scheduled September–December, 2023
Renewal date
2023-12-31
Renewal
Agreement is not auto-renewing. Repayment expected via listed apportionment receipts by December 2023. Future engagements would require separate approval.
Document type
AgendaPacket
Source document
Virtual Preparatory Academy at Lucerne Board Meeting Agenda June 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Southern California Flex Academy District?

Charter Asset Management Fund Lp was awarded this financial services contract by Southern California Flex Academy District, as recorded on June 27, 2023. The contract value is $1,000,000.00 (net amount funded), $1,049,376.35 (factored amount), cost of capital $49,376.35.

How much is the Charter Asset Management Fund Lp contract with Southern California Flex Academy District worth?

The Charter Asset Management Fund Lp contract with Southern California Flex Academy District is valued at $1,000,000.00 (net amount funded), $1,049,376.35 (factored amount), cost of capital $49,376.35, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Virtual Preparatory Academy at Lucerne Board Meeting Agenda June 2023 (AgendaPacket), dated June 27, 2023 from Southern California Flex Academy District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Charter Asset Management Fund Lp hold?

Charter Asset Management Fund Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Charter Asset Management Fund Lp's profile

What is Southern California Flex Academy District currently buying?

Explore Southern California Flex Academy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Southern California Flex Academy District's profile

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