EagleBank Provides Financing to Mamie D. Lee LLC to Support Improvements for Public Charter Schools

May 23, 2024

https://www.globenewswire.com/news-release/2024/05/23/2887121/11376/en/EagleBank-Provides-Financing-to-Mamie-D-Lee-LLC-to-Support-Improvements-for-Public-Charter-Schools.html

BETHESDA, Md., May 23, 2024 (GLOBE NEWSWIRE) — EagleBank (NASDAQ:EGBN), one of the largest community banks in the Washington, D.C. area, today announced it has provided a loan to Mamie D. Lee LLC to refinance the unwind of the New Markets Tax Credit (NMTC) structure used for renovating the former D.C. Public School building. Mamie D. Lee LLC is jointly owned by Briya Public Charter School (PCS) and Bridges Public Charter School (PCS), which financed improvements to the property through the NMTC program.

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