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Jun 27

Real Estate Insights: Opportunities in Charter Schools

If Current Caps Are Lifted, Opportunities Will Soar

Whether converting an existing building or working on a build-to-suit deal, charter school projects can be lucrative deals, and the number of licenses for projects may soon increase.

Here’s a basic breakdown of fees and taxes on a charter school transaction we helped a client complete.

The Deal

$22M acquisition with $40M mortgage in Queens.
 
Fee Policy: $66,591
Loan Policy: $94,876
Transfer Taxes: $665,500
Recording Fees: $1,500+
Title Fees: $2,500+

Cornerstone Insight

With fierce competition for seats in many charter schools, there’s hope that the Department of Education will raise the number of charter school licenses under the new administration since the number of licenses has been capped for years.

Cornerstone has helped bring many charter school deals to completion, as well as connected investors to charter school developers. With extensive expertise and industry connections, we can help potential developers identify and mitigate issues early in the process, saving time and money.

If you have any questions about developing charter schools, or if you would like to discuss an upcoming or potential transaction, please contact us.