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Ashley Spear
Transactional Attorney

Ashley Spear is a transactional attorney licensed to practice in Arizona and represents charter schools nationwide seeking to lower or level out their debt service through the tax-exempt bond market. Ashley represents charter schools with respect to school law, state and federal education policy issues, corporate, and compliance matters. Additionally, Ashley works with clients on a broad range of transactional matters including real property law and review of real estate due diligence, contracts, and nonprofit law.

Ashley loves helping others do good in the world by representing charter schools and other nonprofits that strive to impact and improve their community. When not helping clients, Ashley can be found hitting the links.

Representative experience includes:

  • American Leadership Academy, Inc. Series 2021 Tax-Exempt $20,250,000 & Series 2022 Advance Refunding $186,960,000
    Local Arizona counsel for the Borrower.
    Use of funds included among other uses ~ $12.83mm acquisition of charter school facilities and ~ $3.08mm construction project in Queen Creek, AZ.
  • Davidson Charter Academy, Inc. Series 2021A (Senior) Tax-Exempt $9,605,000 & Series 2021B (Subordinate) Taxable $260,000
    Borrower’s Counsel.
    Use of funds included among other uses ~ $8.82mm acquisition of charter school facilities in Lexington, NC.
  • Bonnie Cone Classical Academy, Inc. Series 2021A Tax-Exempt $16,440,000 & Series 2021B Taxable $735,000
    Borrower’s Counsel.
    Use of funds included among other uses ~ $14.42mm acquisition of charter school facilities in Huntersville, NC.
  • Creative Inspiration Journey School of St. Cloud, Inc. Series 2021A Tax-Exempt $16,865,000 & Series 2021B Taxable $285,000
    Borrower’s Counsel.
    Use of funds included among other uses ~ $12.4mm acquisition of a charter school facilities and ~ $3.68mm construction project in St. Cloud, FL.
  • Signature Preparatory, Inc. Series 2021A Tax-Exempt $24,000,000 & Series 2021B Taxable $1,600,000
    Borrower’s Counsel.
    Use of funds included among other uses ~$24.33mm acquisition of charter school facilities including ~ 10.69 acres in Henderson, NV.
  • Cirrus Education Group, Inc. Series 2020A (Senior) $8,790,000 Series 2020B (Subordinate) $2,680,000 Series 2020C (Subordinate) $355,500
    Borrower’s Counsel.
    Use of funds included among other uses ~ $10.09mm acquisition of charter school facilities in Macon, GA.
  • Skyline Education, Inc. Series 2020 $27,305,000 Tax-Exempt
    Borrower’s Counsel.
  • American Leadership Academy, Inc. Series 2019 $40,475,000 Tax-Exempt
    Borrower’s Counsel
    Use of funds included among other uses ~ $14.12 acquisition of charter school facilities and ~ $650K construction project in Arizona.
  • Skyline Education, Inc. Series 2019A $16,255,000 Tax-Exempt & Series 2019B $1,860,000 Taxable
    Borrower’s Counsel.
  • American Leadership Academy, Inc. Series 2017 $192,290,000 Tax-Exempt
    Borrower’s Counsel.
    Use of funds included among other uses ~ $62.5mm acquisition of charter school facilities including ~ 40.25 acres, ~ $3.26
    acquisition of charter school facilities, ~ $46.21mm acquisition of charter school facilities including ~ 36.58 acres, ~ $44.87
    acquisition of charter school facilities including ~ 40.86 acres, ~ $13.25 acquisition of charter school facilities.
  • Fit Kids, Inc. dba Champion Schools Series 2017 $11,255,000 Tax-Exempt
    Borrower’s Counsel.
  • American Leadership Academy, Inc. Series 2017A $9,130,000 Senior Loan Obligations & Series 2017B $3,650,000 Subordinate Loan Obligations
    Borrower’s Counsel.
  • Academy Del Sol, Inc. Series 2016 $10,000,000 Tax-Exempt
    Borrower’s Counsel.
  • The Industrial Development Authority of the County of La Paz, Arizona, Airport Facilities Revenue Bonds (Astin Aviation CLL, LLC Easterwood Airport Project) Series 2016A $9,975,000 & Series 2016B $1,000,000
    Special Company Counsel.
  • In-house counsel for a ~ $70mm charter school network in Arizona.
  • Represented nonprofit organization re: ~ $4.81mm bank loan used to refinance prior debt.
  • Represented nonprofit organization re: ~$20mm construction loan from bank.
Representative experience includes:

  • American Leadership Academy, Inc. Series 2021 Tax-Exempt $20,250,000 & Series 2022 Advance Refunding $186,960,000
    Local Arizona counsel for the Borrower.
    Use of funds included among other uses ~ $12.83mm acquisition of charter school facilities and ~ $3.08mm construction project in Queen Creek, AZ.
  • Davidson Charter Academy, Inc. Series 2021A (Senior) Tax-Exempt $9,605,000 & Series 2021B (Subordinate) Taxable $260,000
    Borrower’s Counsel.
    Use of funds included among other uses ~ $8.82mm acquisition of charter school facilities in Lexington, NC.
  • Bonnie Cone Classical Academy, Inc. Series 2021A Tax-Exempt $16,440,000 & Series 2021B Taxable $735,000
    Borrower’s Counsel.
    Use of funds included among other uses ~ $14.42mm acquisition of charter school facilities in Huntersville, NC.
  • Creative Inspiration Journey School of St. Cloud, Inc. Series 2021A Tax-Exempt $16,865,000 & Series 2021B Taxable $285,000
    Borrower’s Counsel.
    Use of funds included among other uses ~ $12.4mm acquisition of a charter school facilities and ~ $3.68mm construction project in St. Cloud, FL.
  • Signature Preparatory, Inc. Series 2021A Tax-Exempt $24,000,000 & Series 2021B Taxable $1,600,000
    Borrower’s Counsel.
    Use of funds included among other uses ~$24.33mm acquisition of charter school facilities including ~ 10.69 acres in Henderson, NV.
  • Cirrus Education Group, Inc. Series 2020A (Senior) $8,790,000 Series 2020B (Subordinate) $2,680,000 Series 2020C (Subordinate) $355,500
    Borrower’s Counsel.
    Use of funds included among other uses ~ $10.09mm acquisition of charter school facilities in Macon, GA.
  • Skyline Education, Inc. Series 2020 $27,305,000 Tax-Exempt
    Borrower’s Counsel.
  • American Leadership Academy, Inc. Series 2019 $40,475,000 Tax-Exempt
    Borrower’s Counsel
    Use of funds included among other uses ~ $14.12 acquisition of charter school facilities and ~ $650K construction project in Arizona.
  • Skyline Education, Inc. Series 2019A $16,255,000 Tax-Exempt & Series 2019B $1,860,000 Taxable
    Borrower’s Counsel.
  • American Leadership Academy, Inc. Series 2017 $192,290,000 Tax-Exempt
    Borrower’s Counsel.
    Use of funds included among other uses ~ $62.5mm acquisition of charter school facilities including ~ 40.25 acres, ~ $3.26
    acquisition of charter school facilities, ~ $46.21mm acquisition of charter school facilities including ~ 36.58 acres, ~ $44.87
    acquisition of charter school facilities including ~ 40.86 acres, ~ $13.25 acquisition of charter school facilities.
  • Fit Kids, Inc. dba Champion Schools Series 2017 $11,255,000 Tax-Exempt
    Borrower’s Counsel.
  • American Leadership Academy, Inc. Series 2017A $9,130,000 Senior Loan Obligations & Series 2017B $3,650,000 Subordinate Loan Obligations
    Borrower’s Counsel.
  • Academy Del Sol, Inc. Series 2016 $10,000,000 Tax-Exempt
    Borrower’s Counsel.
  • The Industrial Development Authority of the County of La Paz, Arizona, Airport Facilities Revenue Bonds (Astin Aviation CLL, LLC Easterwood Airport Project) Series 2016A $9,975,000 & Series 2016B $1,000,000
    Special Company Counsel.
  • In-house counsel for a ~ $70mm charter school network in Arizona.
  • Represented nonprofit organization re: ~ $4.81mm bank loan used to refinance prior debt.
  • Represented nonprofit organization re: ~$20mm construction loan from bank.

EDUCATION

  • J.D., Rutgers University School of Law
  • B.A., Loyola University Chicago

COMMUNITY AND PROFESSIONAL ACTIVITIES

  • Board of Directors, Hirsch Academy
  • Member, Tax Law Section, Business Law Section, State Bar of Arizona
  • Member, Tax Law Section, Real Property Section, American Bar Association
  • Member, National Association of Bond Lawyers

EDUCATION

  • J.D., Rutgers University School of Law
  • B.A., Loyola University Chicago

COMMUNITY AND PROFESSIONAL ACTIVITIES

  • Board of Directors, Hirsch Academy
  • Member, Tax Law Section, Business Law Section, State Bar of Arizona
  • Member, Tax Law Section, Real Property Section, American Bar Association
  • Member, National Association of Bond Lawyers