Southern California Flex Academy District Awards Financial Services Contract to Charter Asset Management Fund LP (June 2023)
Southern California Flex Academy DistrictSchool · Lucerne Valley, CA- Disclosed value
- $1,000,000.00 (net amount funded), $1,049,376.35 (factored amount), cost of capital $49,376.35
- From agendapacket
- Approved
- Jun 27, 2023
The 30-second brief
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.
Charter Asset Management Fund LP holds this financial services contract with Southern California Flex Academy District. Its other public contracts on record include work for REACH Leadership STEAM Academy District and New Jersey Division of Administration.
Term as filed: Closing Date: June 30, 2023; Repayment scheduled September–December, 2023.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,000,000.00 (net amount funded), $1,049,376.35 (factored amount), cost of capital $49,376.35
- Document date
- June 27, 2023
- Term
- Closing Date: June 30, 2023; Repayment scheduled September–December, 2023
- Source document
- Virtual Preparatory Academy at Lucerne Board Meeting Agenda June 2023 (AgendaPacket)
Charter Asset Management Fund LP's other public contracts
More Southern California Flex Academy District contracts
Questions about this contract
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.
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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.
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.