Seton Education Partners

Founded in 2008, Seton is a non-profit corporation whose mission is to expand opportunities for under-served children in the United States to receive an excellent education. Its primary focus is serving as the management organization for charter schools owned and operated by Brilla Public Charter Schools, Inc. Brilla was formed in 2013 and focuses on operating charter schools located in the South Bronx area of New York City. In the 2019-2020 school year, Brilla will serve approximately 954 students in grades K-7. With the support of Seton, Brilla plans to grow enrollment to 3,200 students, operating in eight school facilities in the Bronx.

$11,169,000
(2020)

Wye River Group Served as Independent Financial Advisor to Seton Education Partners for this Transaction.

Project Overview

Permanent financing to fund the renovation of a 5-story building in New York City for occupancy by Brilla Public Charter Schools, Inc.

Financing Overview

In June 2019, Wye River conducted a competitive solicitation for financing of a $12 million project. Seton received 10 competitive proposals from Underwriters and CDFIs and ultimately decided to pursue a CDFI-based financing that provided a conventional fixed rate in the high 3% neighborhood. The financing closed in early January 2020.

As a result of this financing, Brilla and Seton will open another public charter school in one of New York City’s most vulnerable neighborhoods in order to serve children in grades K-5.

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