Skip to main content

EagleBank Provides Financing for DC Preparatory Academy

Written by Customer Service on . Posted in Public Companies.

Funding will support new 5-acre middle school campus in Washington, DC

BETHESDA, Md., Feb. 08, 2022 (GLOBE NEWSWIRE) — 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 Contact
Vikki Kayne,
Chief Marketing Officer
301.986.1800

About Eagle Bancorp, Inc. and EagleBank
Eagle 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.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.