Nonprofit Finance Fund Loans $2.5M for Renovations
Flatbush Ascend Charter SchoolSchool · Brooklyn, NY- Disclosed value
- $2,500,000 loan principal; monthly payments of $21,872; interest at 6.25% per annum
- From report
- Document date
- Jun 30, 2021
- Renews
- Free account
The 30-second brief
Ascend Charter Schools entered into a $2.5 million loan agreement with Nonprofit Finance Fund in October 2019 to finance renovations at its 1501 Pitkin Avenue facility. The loan matures on November 1, 2026, carries a 6.25% interest rate, and is repaid via monthly installments beginning July 1, 2020.
Nonprofit Finance Fund holds this financial services contract with Flatbush Ascend Charter School. Its other public contracts on record include work for Town of Medfield and Girls Athletic Leadership School Los Angeles District.
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Contract details
- Contract type
- Financial Services
- Amount
- $2,500,000 loan principal; monthly payments of $21,872; interest at 6.25% per annum
- Document date
- June 30, 2021
- Term
- Loan agreement dated October 17, 2019; monthly payments commencing July 1, 2020; maturity November 1, 2026
- Renews
- On record
- Vendor
- Nonprofit Finance Fund
- Source document
- ascend-charter-schools-report-2021-06-30-pdf_e06.pdf (Report)
Nonprofit Finance Fund's other public contracts
More Flatbush Ascend Charter School contracts
Questions about this contract
Who was awarded the financial services contract by Flatbush Ascend Charter School?
Nonprofit Finance Fund was awarded this financial services contract by Flatbush Ascend Charter School, as recorded on June 30, 2021. The contract value is $2,500,000 loan principal; monthly payments of $21,872; interest at 6.25% per annum.
How much is the Nonprofit Finance Fund contract with Flatbush Ascend Charter School worth?
The Nonprofit Finance Fund contract with Flatbush Ascend Charter School is valued at $2,500,000 loan principal; monthly payments of $21,872; interest at 6.25% per annum, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in ascend-charter-schools-report-2021-06-30-pdf_e06.pdf (Report), dated June 30, 2021 from Flatbush Ascend Charter School. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Nonprofit Finance Fund hold?
Nonprofit Finance Fund 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 Flatbush Ascend Charter School currently buying?
Explore Flatbush Ascend Charter School's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.