Oakwood School

The Oakwood School is a private, co-educational institution serving grades 1-8 in Northern Virginia. Established in 1971, Oakwood provides a multisensory educational program for students with learning differences.

$10,000,000
Construction Loan Facility/Capital Campaign Multiple Adv. Term Loan Facility

The Oakwood School Issue

Wye River Group Served as Oakwood’s Independent Financial Advisor for this Transaction

Project Overview

The School’s Project involves the renovation and expansion of eight classrooms and the construction of a new gymnasium and entranceway.

Financing Overview

On behalf of Oakwood, Wye River negotiated with Fulton Bank to secure a two part financing. The first tranche will bridge receipts of the School’s ongoing capital campaign. The second tranche will serve as long term debt of the School. The School secured a rate commitment for 10 years in the range of 2.50 – 3.00%, inclusive of a two year interest only period.

The financing successfully closed on August 31, 2020.

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