Archive for Loan Closing

LOAN OVERVIEW Borrower: Jackson Auto Repair Loan Amount: $110,000 Location: Orangeburg, SC Project Type: Community Business SITUATION Christopher and Cathy Jackson of Orangeburg, SC wanted to own their own automotive repair business and knew…

LOAN OVERVIEW Borrower: Elijah Craig, LLC Loan Amount: $500,000 Location: Florence, SC Project Type: Healthy Food Retail SITUATION The North Dargan Street and Darlington Street corridor, a neighborhood in Florence, SC, is deemed “blighted”…

October 18, 2017

Loan Closing: Midlands CDC

LOAN OVERVIEW Borrower: Midlands Community Development Corporation Loan Amount: $715,675 Location: Columbia, SC Project Type: Affordable Housing SITUATION Nearly one third of South Carolinians are cost-burdened by their homes, meaning they spend over…