LOS ANGELES, July 15, 2021 / PRNewswire / – Pembrook Capital Management LLC (“Pembrook”), one of the nation’s leading bridge lenders for affordable rental housing, has announced a donation to the Bassett Street Elementary School Media Arts and Technology Magnet (bMAT) program, a Kindergarten to Grade 5 educational initiative in Lake Balboa, California, part of the larger Los Angeles Marlet.
Bassett Street Elementary School serves Lake Balboa /Van Nuys community and Pembrook’s donation will be used to support its highly regarded Bassett Media Arts and Technology Magnet (bMAT) program, a project-based learning program designed to train young storytellers for the digital age. The program helps children experience film and video production in a fun and rigorous educational environment using cutting-edge technology
Pembrook is an investment manager focused on providing loans and other finance for the development, rehabilitation and preservation of affordable housing and certain other commercial real estate properties, in underserved areas nationwide. The latter donation is part of its ongoing program to provide financial support to public schools in the neighborhoods where it operates, aiming to total up to 3% of the company’s annual profits. The company recently provided a preferred stock investment for the acquisition and renovation of 6736 Woodley Avenue, a two-story, 24-unit multi-family building located in the Van Nuys Marlet.
“Pembrook is honored to support the Bassett Media Arts and Technology Magnet program,” said Stuart boesky, CEO of Pembrook. “Our goal as a company is to give back to the areas we invest in by supporting local education, the basis for growth and success in any community. We are especially excited to champion the bMAT program, which helps cultivate the storytellers of tomorrow by teaching children how to investigate and develop evidence-based conclusions, skills that are more important than ever. ”
Pembrook has already provided financial support to schools in several major cities across United States, corresponding to each loan operation with a donation from a local school. The company has initiated or participated in investments totaling approximately $ 1.5 billion since she started investing in 2007.
About Pembrook Capital Management, LLC
Founded in 2006 by Stuart J. Boesky, Pembrook Capital Management invests in a variety of commercial real estate with a focus on impact investing and affordable housing across the country. The strategy of this company involves commercial real estate debt, including first mortgages, mezzanine loans, bridge loans, note financings and preferred stocks. http://www.pembrookgroup.com/
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