Projects

Patterson Park Public Charter School

The Patterson Park Public Charter School Project involved the refinancing and rehabilitation of the school’s existing facilities for grades one through six, and new construction to create for six classrooms and science lab for the middle school. This project was financed using 501c(3) tax exempt bonds issued by the Maryland Health and Higher Educational Facilities Authority. This was the first Charter School in Maryland to be financed using these bonds.

The school has been in existence for four years and has a strong educational track record. Its leadership and staff are very committed to this effort. The school has a waiting list for its classes. There is a very strong partnership between the School and the Baltimore City Public School System. The project sponsor is Patterson Park Public School, Inc. 501 c(3) nonprofit corporation.  

Specifications

Development Type
69,000 SF
Development Cost
14000000
Location
Baltimore, Maryland
Project Start
March 2010
Project Complete
December 2011
Development Role
Financing Consultants
Unit Mix
69,000 SF
Architect
Trace Architects, P.A.
Contractor
Southway Builders, Inc.
Developer
Patterson Park Public Charter School
Owner
Patterson Park Public Charter School
Lender
MHHEFA & RBC capital markets

What Others Are Saying About Us

We have worked on numerous types of financing with Chesapeake Community Advisors over the past ten years.  They have ranged from FHA mark-to-market loans to Fannie Mae financing with various levels of renovations on  developments across the country.  What we have found is that there are very few advisors and partners like CCA who have the expertise to guide a deal literally from day one when looking at the feasibility of a deal  through to the construction and lease-up of a property.  We value working with CCA for their knowledge, ingenuity, dedication and hard work to come up with the best possible outcome for their partners and residents.

Tracy Peters, ORIX Real Estate Capital

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