- 29 total jobs created and retained
- nearly 15,000 square feet of retail space
- 500-plus-seat outdoor entertainment venue
- kids play area
NCIF: $1.5 million NMTC allocation
CDFI partner: Clearinghouse CDFI
Large bank: Wells Fargo
In partnership with Clearinghouse CDFI, NCIF utilized its Small Business Transaction Initiative (SBTI) to finance a loan of under $2 million. SBTI is designed to utilize standardized documentation and modeling to reduce legal and accounting costs that often make it difficult for smaller projects to receive financing.
Clearinghouse CDFI is a loan fund headquartered in southern California that provided $1.575 million of direct debt financing to support the project.