Read the full case study of our Paramount partnership here.
View Paramount’s S&P Ratings Report Here.
Founded in 2010, Paramount Schools of Excellence serves 1,256 students in grades K-8across 3 campuses in Indianapolis, IN. Paramount will be opening its fourth school, a fully virtual campus, in fall 2021. The school’s mission is to inspire learning through an unparalleled academic approach and to transform communities by changing lives. Paramount’s model embraces the fundamental, clear practice of cultivating the “depth of knowledge” of each student for each Indiana Academic Standard. The school incorporates science, technology, engineering, arts, and math (STEAM) to ensure that core learning objects are woven into the curriculum in every class that their students attend. This holistic approach has consistently delivered strong academic results and earned the school an “A” rating from the state since 2015. Paramount serves a community that consists of economically-disadvantaged students, with 80% of whom identify as non-white and 77% of whom qualify for free or reduced lunch.
EFF provided a $13.7 million loan to refinance a loan provided by the Schola Fund that was used to purchase and renovate a facility that serves as home to one of its recently opened campuses, as well as refinance debt that was used for the acquisition and renovation of the network’s original K-8 campus. The 30-year fixed-rate loan will produce over $2.1 million in savings compared to alternative financing options.
“EFF was truly devoted to ensuring our refinancing deal was the best possible option for Paramount Schools of Excellence. They worked with us to ensure the terms of the deal aligned with our mission and state-specific accountability criteria. Their team was knowledgeable and supportive through every step of the process. The funds saved by choosing to refinance with EFF will allow us to exceed growth targets and stay fiscally conservative.”
Jess Monk, Chief Operating Officer, Paramount Schools of Excellence