Level Field Facilities Fund is excited to launch our National Fund, an innovative $50MM loan fund that provides flexible early-stage capital at scale for charter school facilities development.
What We Finance
The LFFF National Fund fills a critical gap in the charter school facilities financing landscape through four primary uses:
Acquisition
Financing to support the purchase of school facilities at the earliest stages of development.
Predevelopment
Capital for early planning, due diligence, and other predevelopment costs that allow projects to advance.
Leasehold Improvements
Financing to support tenant improvements that prepare leased facilities for school use.
Starter Construction Capital
Initial construction financing to support early-stage expansion and project advancement.
About the Fund
The fund is capitalized by J.P. Morgan, Enterprise Community Loan Fund, Nonprofit Finance Fund, Reinvestment Fund, and the Walton Family Foundation, and functions as the early-stage entry point in a broader facilities financing continuum—preparing schools to access construction and long-term capital.
The LFFF National Fund draws on the experience of LFFF’s pilot fund, which deployed more than $19MM in critical project loans to high-quality charter schools, leveraged $110MM in total debt, and demonstrated strong demand for early-stage facilities financing. It’s a continuation of LFFF’s ongoing work to support new and early-stage charter schools by expanding access to essential resources that allow these schools to move projects forward and thrive.