Borrower Stories
This New Markets Tax Credit Program project will create space for a social enterprise restaurant, retail space, affordable housing, and office space for local vendors as part of the Over-the-Rhine neighborhood revitalization.
A loan from Partners enabled this corporation to purchase and preserve sixteen affordable housing units and a Caribbean grocery store in the Washington Heights neighborhood of New York.
Through PCG’S GAP Loan Program, PCG worked with Legacy Bank & Trust and Locke Capital to leverage Legacy Bank’s $3,275,000 funding with a PCG funded $400,000 subordinate tranche in Legacy Bank’s $3,675,000 loan. The loan refinanced short-term acquisition financing, will retain 97 units of Read More