Projects

Patterson Park Public Charter School

The Patterson Park Public Charter School Project involved the refinancing and rehabilitation of the school’s existing facilities for grades one through six, and new construction to create for six classrooms and science lab for the middle school. This project was financed using 501c(3) tax exempt bonds issued by the Maryland Health and Higher Educational Facilities Authority. This was the first Charter School in Maryland to be financed using these bonds.

The school has been in existence for four years and has a strong educational track record. Its leadership and staff are very committed to this effort. The school has a waiting list for its classes. There is a very strong partnership between the School and the Baltimore City Public School System. The project sponsor is Patterson Park Public School, Inc. 501 c(3) nonprofit corporation.  

Specifications

Development Type
69,000 SF
Type of Housing
New Construction & Rehab
Development Cost
14000000
Location
Baltimore, Maryland
Project Start
March 2010
Project Complete
December 2011
Development Role
Financing Consultants
Unit Mix
69,000 SF
Architect
Trace Architects, P.A.
Contractor
Southway Builders, Inc.
Developer
Patterson Park Public Charter School
Owner
Patterson Park Public Charter School
Lender
MHHEFA & RBC capital markets

What Others Are Saying About Us

“I have worked with the principals of Chesapeake since the inception of Cinnaire in 1993. They have proven to be the most highly skilled and knowledgeable group of professionals we have ever worked with in this industry. Their creative and entrepreneurial approach to real estate development and finance have made them the number one choice for Cinnaire to assist us in complex and difficult real estate transactions. The use of Chesapeake in our Housing Tax Credit Year 15 disposition strategies has produced results for our investors that were beyond their expectations and has been a model we use in all of our disposition strategies. They are real estate experts extraordinaire with the added benefit of being socially minded. They not only care about the investor and owner benefits but also take into account a positive outcome for the residents.”