Location: Colorado Springs, CO
Loan Amount: $26.4 million
School Savings: TBD
View James Irwin’s S&P Ratings Report Here
James Irwin Charter Schools (JICS) opened its doors in the fall of 2000 with a vision to create a rigorous educational program that challenges students to achieve their academic potential. Since then, the school has grown to operate 5 schools and has established a legacy of excellence. JICS has been recognized nationally, statewide and locally for academic excellence and achievement by publications including US News & World Report and The Washington Post. The network’s programming prioritizes the “5 Pillars of Character”: Honesty, Integrity, Respect, Responsibility, and Excellence.
Equitable Facilities Fund provided a $26.4 million loan to refinance bank notes that were used to acquire, construct, and expand JICS school facilities.
“I found working with EFF to be a pleasure! They are clearly true to their mission of helping charter schools secure affordable financing for buildings. They built an incredibly effective team and every step of the process was so well defined that we breezed through each step. The entire transaction could not have gone any smoother. The annual savings of $150,000 that we expect on debt service and the locking in on long-term financing allows James Irwin Charter Schools to turn 100% of our focus on educating our students. We are secure in the fact that we have secured the best available arrangement for financing our three campuses” -Eileen Johnston, Chief Financial Officer