Friday, December 11, 2015

Self-Help CU Funds $18 Million Construction Loan for Miami Charter School

The Sports Leadership and Management Academy charter school obtained a $17.97 million construction loan from a North Carolina-based credit union to build its complex in Miami’s Little Havana.

Self-Help Credit Union granted the mortgage to Miami School Group for an 80,552-square-foot school.

The school was co-founded by Christian Perez, also known as recording artist Pitbull.

However, how can a credit union based in Durham, N.C. provide a $18 million construction loan for school in Miami, Florida co-founded by Pitbull?

What is the common bond?

The best guess is a $5 one-time donation to the Center for Community Self Help.

Read the story.
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