Level Field Facilities Fund
Level Field Facilities Fund is a 501(c)(3) nonprofit real estate fund that provides flexible, early-stage project loans, including pre-development, acquisition, construction, and leasehold financing, to charter school operators across the United States, with concentrated activity in Washington, D.C.
- Company typePrivate
- Founded2021
- HeadquartersWashington, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Level Field Facilities Fund does
Level Field Facilities Fund (LFFF) is a 501(c)(3) nonprofit real estate fund established in 2021 by Level Field to address a financing gap that traditional lenders have historically failed to close: the lack of flexible, early-stage capital available to scaling charter schools for facilities projects. LFFF provides pre-development financing, acquisition loans, construction financing, and leasehold financing, positioning itself as the 'first money in' so schools can preserve cash reserves through diligence, design, and entitlement, then graduate to permanent construction and long-term capital.
The fund operates three distinct vehicles: an initial $14.5MM Pilot Fund (closed late 2021, fully deployed within two years, having leveraged $71MM in total debt and supported 4,000 students and 1,300 new seats across 7-8 states), a $50MM National Fund launched in January 2026 with J.P. Morgan as lead, and a $22.5MM LFFF DC Fund launched in May 2026 as part of the $250MM DC Charter Facilities Fund. Capital deployment is supported by a $20M Credit Enhancement Grant from the U.S. Department of Education's Charter School Program (September 2024).
LFFF generates revenue primarily through interest income on its loan portfolio. Pricing is negotiated based on project specifics, borrower profile, and market conditions and is not publicly disclosed. The organization distributes through direct, relationship-based lending with no intermediaries, leveraging a leadership team composed largely of former charter school operators. Key capital partners include J.P. Morgan, Walton Family Foundation, Reinvestment Fund, LISC, Enterprise Community Loan Fund, and Nonprofit Finance Fund, with the A. James & Alice B. Clark Foundation providing a $20M landmark investment into the DC fund.
Level Field Facilities Fund firmographics
Firmographics- Name
- Level Field Facilities Fund
- Legal name
- Level Field Facilities Fund
- Website
- https://levelfieldfacilitiesfund.org
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Level Field Facilities Fund is a 501(c)(3) nonprofit real estate fund that provides flexible, early-stage project loans, including pre-development, acquisition, construction, and leasehold financing, to charter school operators across the United States, with concentrated activity in Washington, D.C.
- Ownership category
- akta.pro rank
Level Field Facilities Fund industry classification
Industry- Product category
- Charter School Facilities Lending
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Development Finance & Blended Finance Facilities (BPADAOAD)
- akta.pro secondary industries
- SDG / Thematic Sustainable Investment Funds (FSANAJAN), Commercial/Non-Residential Construction-to-Perm Financing (FSALAHAE)
Keywords
Where Level Field Facilities Fund is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Markets served
Level Field Facilities Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Interest Income on Loans: LFFF generates revenue through interest income on its project loans to charter schools. The fund provides pre-development financing, acquisition loans, construction financing, and leasehold financing, earning interest on these lending activities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Level Field Facilities Fund product offering
Product offeringCore offering
LFFF is an innovative 501(c)(3) real estate fund that provides early-stage, flexible project loans to high-quality charter schools. Its core loan products are Pre-Development Financing (preserves cash reserves during diligence, design, pricing, and entitlement), Acquisition Loans (purchase of land or buildings before construction financing is in hand), and Construction and Leasehold Financing (flexible capital for building and leasehold improvements). Capital is deployed through three vehicles: the LFFF Pilot Fund (2021, $14.5MM), LFFF National Fund ($50MM), and LFFF DC Fund (part of the $250MM DC Charter Facilities Fund, currently $22.5MM).
Product overview
Level Field Facilities Fund (LFFF) is a 501(c)(3) real estate fund providing project-enabling loans to high-quality charter schools. The organization operates multiple funds including the Pilot Fund (launched 2021, $14.5MM), National Fund ($50MM), and DC Fund ($22.5-50MM). Core loan products include Pre-Development Financing, Acquisition Loans, and Construction/Leasehold Financing. These flexible financing options serve as 'first money in,' positioning schools to access traditional and charter-specific financing while achieving long-term structural stability. The funds are backed by sector-leading partners including Walton Family Foundation, Reinvestment Fund, LISC, J.P. Morgan, Enterprise Community Loan Fund, and Nonprofit Finance Fund.
Differentiator
Problem solved
Functional benefit
Products and services
- LFFF Pilot Fund
- LFFF National Fund
- LFFF DC Fund
- Pre-Development Financing
- Acquisition Loans
- Construction and Leasehold Financing Highly flexible construction financing designed to meet charter schools' most acute project financing needs for building and leasehold improvements; for charter schools and CMOs undertaking facility projects.
Quantifiable outcome
- Pilot fund deployed more than $15MM in critical project loans, leveraged $71MM in total debt, supported 4,000 students, and helped schools add 1,300 new seats across 8 states
- +2 more outcomes
Companies that use Level Field Facilities Fund
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles2 records
Level Field Facilities Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Level Field Facilities Fund partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered supporting and core.
- DC Charter School AlliancesupportingProvides advisory support to the DC Charter Facilities Fund initiative, representing the interests of DC public charter schools.
- Equitable Facilities Fund (EFF)coreLaunching a complementary fund within DCCFF alongside LFFF's targeted early-stage lending to provide larger-scale, long-term financing. Together they create a coordinated pipeline of capital from early development through permanent financing.
Scale indicators11 records
Recent moves8 records
Expansion highlights6 records
Level Field Facilities Fund competitors and assessment
Company assessmentDirect peers
- Reinvestment Fund: A national CDFI with a charter school lending portfolio exceeding $265MM. Reinvestment Fund is both a direct competitor in charter facilities lending and an LP in LFFF's funds.
- Nonprofit Finance Fund: A national CDFI providing capital and consulting to nonprofits, including charter schools. NFF is both a direct lender in the charter facilities space and an early LP in LFFF's funds.
- Community Development Trust: A national CDFI focused on charter school and community facility financing. CDT closed over $300MM in charter financing under LFFF's current President prior to her move to LFFF.
- Local Initiatives Support Corporation (LISC): Major national CDFI offering charter school financing products. LISC has co-invested in LFFF's pilot fund and operates its own charter school lending program that overlaps LFFF's target market.
- Equitable Facilities Fund: A direct peer focused on charter school facilities financing. EFF is launching a complementary fund within the DC Charter Facilities Fund alongside LFFF, providing permanent financing to borrowers originated by LFFF.
- Turner-Agassi Charter School Facilities Fund: A charter school facilities fund that pioneered impact-investor-backed facilities capital. LFFF co-founder Alex Shawe previously worked at Turner-Agassi, and the funds pursue the same borrower segment.
- Building Hope: A nonprofit that provides facilities financing, real estate services, and educational program support to charter schools nationally—closely overlapping LFFF's pre-development and acquisition lending focus.
- Civic Builders: A nonprofit real estate developer that finances, develops, and owns charter school facilities—offering acquisition, pre-development, and construction capital directly overlapping LFFF's products.
Broad incumbents
- Enterprise Community Partners: A major national CDFI with broad community development lending including charter and education facilities. Enterprise Community Loan Fund is both a partner in LFFF's National Fund and an overlapping lender.
- Charter School Growth Fund: A philanthropic impact fund that supports high-performing charter management organizations with growth capital, sometimes including facilities financing—adjacent to LFFF's borrower base.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Level Field Facilities Fund social profiles
Digital presenceLevel Field Facilities Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Level Field Facilities Fund leadership team
Management profileNumber of profiles
Profiles9 records
Level Field Facilities Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Level Field Facilities Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Level Field Facilities Fund
What does Level Field Facilities Fund do?
LFFF is an innovative 501(c)(3) real estate fund that provides early-stage, flexible project loans to high-quality charter schools. Its core loan products are Pre-Development Financing (preserves cash reserves during diligence, design, pricing, and entitlement), Acquisition Loans (purchase of land or buildings before construction financing is in hand), and Construction and Leasehold Financing (flexible capital for building and leasehold improvements). Capital is deployed through three vehicles: the LFFF Pilot Fund (2021, $14.5MM), LFFF National Fund ($50MM), and LFFF DC Fund (part of the $250MM DC Charter Facilities Fund, currently $22.5MM).
Is Level Field Facilities Fund a public or private company?
Level Field Facilities Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Level Field Facilities Fund founded?
Level Field Facilities Fund was founded in 2021. It employs 1 to 10 people.
Where is Level Field Facilities Fund based?
Level Field Facilities Fund is headquartered in Washington, United States, in the North America region.
How does Level Field Facilities Fund make money?
One revenue line is on record: interest Income on Loans.
Who are Level Field Facilities Fund's main competitors?
Direct peers on record are Reinvestment Fund, Nonprofit Finance Fund, Community Development Trust, Local Initiatives Support Corporation (LISC), Equitable Facilities Fund, Turner-Agassi Charter School Facilities Fund, Building Hope and Civic Builders. Broad incumbents are Enterprise Community Partners and Charter School Growth Fund.
Does Level Field Facilities Fund have an API?
No public API is recorded for Level Field Facilities Fund.
What industry is Level Field Facilities Fund in?
Level Field Facilities Fund's product category is Charter School Facilities Lending. Its primary akta.pro industry code is BPADAOAD, Development Finance & Blended Finance Facilities, with a secondary code of FSANAJAN, SDG / Thematic Sustainable Investment Funds. Its NAICS code is 525 and its SIC code is 6153.