In 2020, California Crosspoint Academy was seeking construction capital to expand their grade levels to become preschool – 12th and needed to add a dormitory and gymnasium on the campus. It was a very challenging time to find willing lenders given the COVID-19 shutdown which resulted in restrictions on foreign student enrollments and the uncertainty in the state of the economy.
With LENDonate’s help in supporting the school’s almost $29M public bond issuance, they were able to fully fund both buildings. The school saved at least $500,000 by combining the construction of the two buildings. Despite a year of unusual difficulties, LENDonate was able to support the construction timeline such that the education building was completed in time for the Fall 2022 school year. The beautiful gymnasium was completed in June 2023.
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