Business and Real Estate Financing
Community Investment Associates has assisted public clients to obtain funds and underwrite financing to create jobs and economic opportunity:
Aqualine Resources, Inc., Newton, MA
sought assistance from the City to support rapid growth. Community Investments packaged a $150,000 CDBG loan for working capital.
Brightwood Development Corporation, Springfield, MA
needed gap financing to package for its innovative Plaza del Mercado commercial complex. Community Investments obtained and packaged financing to complete this 20,000 sf project.
Cambodian Mutual Assistance Association of Lowell, MA
acquired a 83,000 sf abandoned industrial building. Community Investments conducted market and financial feasibility study and packaged financing for redevelopment of property, housing Southeast Asian businesses, programs, and Cambodian cultural uses.
The City of Lawrence
wanted to retain the 18 blue collar jobs of a bankrupt manufacturer. Community Investments packaged a $700,000 HUD 108 loan from the City, in concert with SBA and bank financing, to transfer ownership and rescue Bolten-Emerson America.
The City of Lowell, MA
needed to jump-start the reuse of the largely vacant Wang Towers. Community Investments packaged a $4 million letter of credit to assure a Class A lead tenant that the new landlord could operate the complex without disruption. Community Investments assembled a Tax Increment Finance Agreement for the Wang project, and three others in the City.
The City of Lynn, MA
wished to retain the jobs of an expanding employer, West Lynn Creamery. Community Investments packaged $3.3 million in gap financing to support its relocation to a 400,000 sf complex and creation of 125 jobs.
The City of Quincy, MA
wished to assist a high tech shipbuilder renovate the dormant Fore River Shipyard. Community Investments packaged $8 million in 108 financing as part of a $55 million project creating 400 jobs.
The City of Springfield
needed assistance in working with a CDBG-funded program assisting small businesses with loans and technical assistance. Ms. Britt assisted the grantee organization, the local Chamber of Commerce, and the City to bring the program into compliance with HUD regulations.
The Economic Development and Industrial Corporation of Lynn, MA
needed equity to complete renovation of an abandoned 30,000 sf industrial building. Community Investments packaged a $750,000 grant from the US Economic Development Administration to fund redevelopment of the building for artisan uses.
Local investors in Lynn, MA
needed advantageous financing to renovate and develop an abandoned 80,000 sf former manufacturing plant into a multi-tenant commercial building. Community Investments packaged a $1.75 million HUD 108 loan as part of $5 million in financing to support the redevelopment of the Phillips Building.
Lynn Arts Center
, the Lynn Community Minority Cultural Center, and the Lynn Historical Society needed gap financing to relocate and expand operations. Community Investment packaged real estate financing, seeding Lynn's Arts and Cultural District.
The Town of Billerica, MA
needed infrastructure to enable the growth of an industrial area. Community Investments planned and packaged a $1,000,000 state grant to support this $4.6 million sewer line project.
The Town of North Andover, MA
wished to facilitate redevelopment of a vacant 1.37 million sf industrial plant on 158 acres. Community Investment negotiated a Tax Increment Financing agreement that provided resources to the developer and tax revenue to the town, resulting in the creation of a mixed use commercial/residential project.
Valley Community Development Corporation, Northampton, MA
was collaborating with private developer to develop 10,000 sf small business incubator in Easthampton. Community Investments packaged $100,000 in CDBG assistance to fund renovations and development.
ZBR Publications, Haverhill, MA
, needed advantageous financing to support the expansion of its CD-Rom manufacturing business. Community Investments packaged a $830,000 HUD 108 loan for working capital uses.