Borrower Stories
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
PB Hagerstown, LLC, a development team formed to purchase and develop Kilpatrick Woods,
requested a $3,800,000 land acquisition and predevelopment loan for a planned 241-unit affordable rental housing LIHTC project in Hagerstown, MD.
Urban Homeworks builds affordable, accessible rental and for-sale housing by training providing living wage construction jobs for low-income, at-risk young adults. PCG's loan allowed the organization to expand its capacity.