EagleBank Provides Financing for DC Preparatory Academy
08 February 2022 - 10:00PM
EagleBank, one of the largest community banks in the Washington, DC
area, today announced it provided $52 million in financing to
support DC Preparatory Academy, including the development costs of
a new 5-acre middle school campus located at 2230 Pomeroy Rd, SE.
“Our team is proud to support the exciting
development of DC Prep’s new campus,” said Lindsey Rheaume, Chief
C&I Lending Officer at EagleBank. “It was a pleasure to partner
with DC Prep on this deal and as a trusted community partner, we
look forward to future opportunities to support the mission of
bridging the educational divide in Washington DC.”
A portion of the $51 million loan will fund the
Phase I development costs of one of DC Prep’s middle schools, known
as the Anacostia Middle Campus Project, which includes structural
updates and interior renovations. The transaction was facilitated
by EagleBank’s experienced commercial & industrial lending
team, including 1st vice president and relationship manager
Jonathan Beall, vice president and credit portfolio manager Karim
Ghorayeb, and officer and C&I portfolio administrator Karen
McCadden for her contributions to successfully close the bond
issuance.
“We are thrilled to partner with EagleBank.
Through this partnership, we will be able to continue the great
work we do with our students – including financing the long-term
facility for our Anacostia Middle Campus. I speak for our CFO/COO
Dan Englender who leads on this project, CEO Laura Maestas, and our
amazing board members in thanking EagleBank for this opportunity,”
says DC Prep Chief of External Affairs, Neils Ribeiro-Yemofio.
DC Prep is the highest-performing network of
public charter schools city-wide with all schools in the program
having achieved tier one status on the Public Charter School
Board’s 2019 School Quality Report. Currently operating six schools
serving over 2,000 students, DC Prep has been operating for over 19
years, and has locations in Wards 5, 7, and 8.
EagleBank ContactVikki Kayne,Chief Marketing
Officer301.986.1800
About Eagle Bancorp, Inc. and EagleBankEagle Bancorp, Inc. is
the holding company for EagleBank, which commenced operations in
1998. EagleBank is headquartered in Bethesda, Maryland, and
conducts full service commercial banking through 17 offices,
located in Suburban, Maryland, Washington, D.C. and Northern
Virginia. EagleBank focuses on building relationships with
businesses, professionals and individuals in its marketplace.
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