The Facilities Investment Fund (FIF) is an innovative, national loan fund in partnership with the Walton Family Foundation providing affordable facility financing to high-performing public charter schools in under-resourced communities.
Too often, educators seeking to build or expand school facilities cannot secure affordable financing options.
Walton Family Foundation and Civic Builders designed and steward FIF as a leading alternative resource for excellent public charter schools.
FIF Loan Details
FIF offers public charter schools 5-year fixed-rate loans for new construction, acquisition and facility renovation. FIF loans feature low, fixed interest rates, size up to $25 million and can fund up to 90% of project costs.
FIF Loan Details
FIF offers public charter schools 5-year fixed-rate loans for new construction, acquisition and facility renovation. FIF loans feature low, fixed interest rates, size up to $25MM and can fund up to 90% of project costs.
New FIF Predevelopment Fund
Key Product Details:
- Available to all authorized charter schools
- Up to 36-month loan term
- Below-market interest rates
- Capitalized for first 24 months
- Eligible costs include but not limited to appraisals, market studies, legal costs, project management, fees, etc.
New FIF Predevelopment Fund
In our commitment to supporting high-potential, early-stage charter schools with essential, innovative capital, FIF is offering a new product for predevelopment expenses associated with a charter school facility project. Eligible applicants include authorized schools, with a focus on schools in their first charter term, including Year 0 schools. More mature schools will be considered pending availability of funds.
- Available to all authorized charter schools
- Up to 36-month loan term
- 4-5% fixed rate, interest only
- Capitalized for first 24 months
- Eligible costs include but not limited to appraisals, market studies, legal costs, project management, fees, etc.
Use FIF Loans for:
FIF Impact
Loans target supporting schools with historically limited access to affordable capital
Early-stage schools
Schools led by leaders of color
Schools educating high percent of scholars eligible for free and reduced price lunch
Non-network operators
