News

Construction Loan Will Renovate Affordable Housing in Courtland 

January 13, 2020 | Impact Stories

Borrower : Stevens Woods II Apartments Limited Partnership Where : Courtland, VA (Partnership based in Rockville, Md.) Loan Amount : Up to $1.75 million Project Type : Construction Loan, Low-Income Housing tax credit funding   Opportunity Providing affordable, up-to-date housing is essential in rural communities, such as Courtland, Va. located near the state’s southern border. Stevens Woods II is a well-managed and nearly fully occupied complex, with 10 percent of its rental units reserved for …

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Supporting the Byrd experience and the community it serves

January 7, 2020 | In the News

One of the most iconic buildings in Richmond is the Byrd Theatre, located in the heart of one of the city’s most admired neighborhoods, Carytown. “Virginia’s Grand Motion Picture Palace” was built in 1928, and recently celebrated its 90th birthday. Today, the theatre shows second-run movies, big-screen classics, and family friendly films and of course, the beloved anti-litter trailer shown before every one of them. The Byrd Theatre Foundation, owner of the theatre, was established in 2001 as …

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Lynn Street Market closes fresh food gap in Downtown Danville

December 10, 2019 | Impact Stories

Borrower : SS Lofts LLC Where : Danville, VA Loan Amount : $300,000 for renovation; $1,785,000 to purchase the property Project Type : Fixed-term and real-estate loans   Opportunity Revitalization in Downtown Danville has transformed old commercial buildings into new retail and housing complexes. Included in this transformation is the former Smith Seed building, which provides 20 apartment units and two ground-floor retail spaces. Through C&J Properties LLC, owners Jason and Caroline Wilson purchased the …

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Helping advisers and their clients create impact

December 4, 2019 | Impact Stories

When individuals or institutions hold deposits at a bank, the money doesn’t have to remain stagnant. “We see the potential for cash deposits to be a catalyst for impact,” says Eli Dalven, Impact Investing Associate at Loring, Wolcott & Coolidge (LWC), a trust office based in the heart of Boston. As a fiduciary, LWC has made a unique commitment to sustainable investing and community development, as one of the first trust offices to offer clients …

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Helping advisers and their clients create impact

November 25, 2019 | In the News

When individuals or institutions hold deposits at a bank, the money doesn’t have to remain stagnant. “We see the potential for cash deposits to be a catalyst for impact,” says Eli Dalven, Impact Investing Associate at Loring, Wolcott & Coolidge (LWC), a trust office based in the heart of Boston. As a fiduciary, LWC has made a unique commitment to sustainable investing and community development, as one of the first trust offices to offer clients …

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Housing Families First will use credit line to improve its campus to better serve clients

November 25, 2019 | Impact Stories

Borrower : Housing Families First Where : Richmond, VA Loan Amount : $250,000 Project Type : Line of Credit   Opportunity Since 2001, Housing Families First has helped families experiencing homelessness obtain the tools and resources to find – and maintain – stable housing. Building Neighbors, one of three programs, is designed to place vulnerable families – living in any of Richmond’s family shelters or the streets – in safe, affordable, and permanent homes. Hilliard …

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Credit line supports construction of Fort Monroe Visitor and Education Center

November 12, 2019 | Impact Stories

Borrower : Fort Monroe Foundation Where : Fort Monroe, VA Loan Amount : $250,000 Project Type : Line of Credit   Opportunity Designated a National Historic Landmark District and listed on the National Register of Historic Places and the Virginia Landmarks Register, Fort Monroe is evolving from a decommissioned U.S. Army Base to a richly diverse destination site. Fort Monroe is located in Hampton, Va., where the mouth of Chesapeake Bay meets the James River. …

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Bridge loan fuels La Cocina VA expansion in culinary careers and food outreach

October 22, 2019 | Impact Stories

Borrower : La Cocina VA Where : Arlington, VA Loan Amount : $300,000 Project Type : Bridge loan   Opportunity In 2012, Patricia “Paty” Funegra founded La Cocina VA, to combat unemployment, hunger, obesity, and food waste in the Washington, D.C. metro area. Paty founded La Cocina after a nearly 20-year career in international development with multilateral organizations that supported efforts in Latin American and Caribbean countries. Through the area’s only bilingual culinary job-training program, …

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