Facility Financing Best Practices, Options, and Considerations: From Start-ups to Stabilized Operators
Hear from a financing company (Piper Sandler) and a California-focused business manager (Charter Impact) on the financing options and best practices of school facility financing. Assess tradeoffs of various financing structures, credit considerations, and hear about latest trends in the industry.
Presented by
Jason Sitomer
Head of Client Finance
Charter Impact
Jason Serves as the Managing Director for Charter Impact. He manages a team of 11 directors who oversee all financial aspects for more than 100 charter schools throughout California. Before joining Charter Impact, Jason was a Senior Director of Finance for a large network of charter schools in California. During his 5 years there, he was responsible for the financial projections, cash management, banking relationships, and ad hoc analysis and reporting for 20 California charter schools. He is a strong advocate for school choice and opportunities outside of the traditional public schools currently available to students.
Matt Percin
Director of Client Finance
Charter Impact
• 11+ years of national charter school finance experience
• Director of Client Finance at Charter Impact
• At Charter Impact, Matt is responsible for overseeing Charter Impacts service delivery, as well as acting as an outsourced CFO on behalf of 11 charter schools across California. He oversees all finance, accounting and compliance reporting for assigned clients by working with the Charter Impact accounting, accounts payable and payroll/HR staff, ensuring accuracy and timeliness of financial information.
• Before Charter Impact, Matt worked at Charter School Capital in Portland, Oregon, where he specialized in solving complex financial challenges for schools across the nation and counseling individual schools and charter management organizations on sustainable growth strategies.
• While there, Matt assisted schools of all sizes by securing adequate facilities financing, solving substantial cash flow and deficit issues, and supporting the long-term success of mission-driven educational organizations.
Nick Hagen
Managing Director
Piper Sandler & Co.
Nick Hagen is a managing director in the public finance group at Piper Sandler. Hagen joined Piper Sandler in 2004. He has provided investment banking services to several governmental, nonprofit and private borrowers. He specializes in structuring and executing tax-exempt and taxable financings for charter schools and other project finance borrowers. Hagen has focused primarily on charter school financing since 2008 and since then has helped more than 120 schools complete financings of over $1.5 billion. Hagen holds a bachelor's degree in finance and economics from the University of Minnesota.