new loans
New Loans closed in 2006
03.27.07 //
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Here's the list of borrowers who took out a new loan
with the Trust Fund during 2006, and will be honored
at our annual Borrowers'
& Burners' Luncheon
on June 6:
Affordable Housing Loans Closed in ‘06
Total Economic Development Loans for 2006: $87,500
Total for All Loans: $2,589,469.40
Affordable Housing Loans Closed in ‘06
- Southwest Housing Partners II L.D.H.A.L.P.
Amount Financed: $463,590
Use of Funds: Rental Housing
Leveraged: $231,795 | Units: 8 - CAP Nonprofit Housing, Inc.
Amount Financed: $172,000
Use of Funds: Homeownership
Leveraged: $65,000 | Units: 2 - DCPA, Inc.
Amount Financed: $114,719.40
Use of Funds: Rental Housing
Leveraged: $50,000 | Units: 2 - Lifequest Group
Amount Financed: $89,250
Use of Funds: Transitional Housing | Units: 9 - Benzie Housing Council, Inc.
Amount Financed: $30,000
Use of Funds: Homeownership
Leveraged: $203,667 - Benzie Housing Council, Inc.
Amount Financed: $71,000
Use of Funds: Homeownership
Leveraged: $203,670 | Units: 2 - Homestretch Nonprofit Housing Corp.
Amount Financed: $224,000
Use of Funds: Homeownership
Leveraged: $281,200 | Units: 4 - Homestretch Nonprofit Housing Corp.
Amount Financed: $120,000
Use of Funds: Homeownership
Leveraged: $258,160 - Venture Grand River L.D.H.A.L.P.
Amount Financed: $1,120,000
Use of Funds: Rental Housing
Leveraged: $2,133,000 | Units: 33
- A.F.B., LLC d/b/a Agave
Amount Financed: $15,000
Use of Funds: Business
Leveraged: $34,000 | Jobs Created: 25 - Architectural Salvage Warehouse of Detroit
Amount Financed: $11,500
Use of Funds: Microenterprise/Small Business
Jobs Created: 6 - William Jochos Foundation
Amount Financed: $35,000
Use of Funds: Business
Jobs Created: 4 - Devon’s Hair Salon
Amount Financed: $26,000
Use of Funds: Business
Jobs Created: 3
Total Economic Development Loans for 2006: $87,500
Total for All Loans: $2,589,469.40
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The Trust Fund's 2006 Loan Lists
12.19.06 //
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It's almost the end of the year, which means it's
time to look back at all the loans that closed during
2006. You can see the affordable housing loan list
here, and the economic
development loan list here. For the record, there are a
few loans that haven't closed yet. Once they do,
we'll make sure to add them to the lists.
Congratulations to all the borrowers who closed a loan during 2006! We wish them the best of luck in the new year.
Congratulations to all the borrowers who closed a loan during 2006! We wish them the best of luck in the new year.
New loan closed on June 27, 2006
07.07.06 //
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Kim Thompson closed another loan last week with the Detroit Catholic Pastoral Alliance:
- Detroit Catholic Pastoral
Alliance
Amount of Loan: $114,719
City: Detroit
Number of units: 2
Activity type: Construction Loan
New loans closed since April 1, 2006
06.30.06 //
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MITF has closed two new loans since the last
publication of the newsletter:
We commend the work of these borrowers, and wish them the best of luck in their endeavors.
- CAP Nonprofit Housing
Amount of Loan: $172,000
City: Ypsilanti
Number of units: 2
Activity type: Homeownership
- Medic-Air Respiratory & Medical
Supplies
Amount of Loan $15,000
City: Detroit
Activity type: Medical Supply
We commend the work of these borrowers, and wish them the best of luck in their endeavors.