MSA Annex, Inc.

MSA Annex will develop land to support nearly 15,000 square feet of retail space consisting of repurposed shipping containers and kiosks, outdoor entertainment venue, and kids play area.
Tucson, AZ

Project Impacts:

  • 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.