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BCL Subordinate Financing Loan Program

Funding

Description

The BCL Subordinate Financing Loan Program is for experienced developers (including non-profits) and individual investors with plans to rehabilitate properties in a single project in low- and moderate-income neighborhoods of Baltimore City and where a financing gap exists. Designed for properties with a variety of potential uses, this flexible program is for small- to medium-sized real estate development projects in the City. This product can be used as an acquisition-construction/perm loan.

Tags

Loans, Debt Capital

Resource Providers:

Private Non-Profit

The Baltimore Community Development Financing Corporation was created as a financing intermediary in 1989 to promote the revitalization of neighborhoods within Baltimore City. The entity was federally certified as a nonprofit community development financial institution (CDFI) in 2002, changed its name to Baltimore Community Lending (BCL) in 2006.

Baltimore Community Lending (BCL)

Affiliated Ventures:

Resource Details
For Startups
For Nonprofits
For Small Businesses

The BCL Subordinate Financing Loan Program is for experienced developers (including non-profits) and individual investors with plans to rehabilitate properties in a single project in low- and moderate…

Earliest Stage Served:
Mature
Latest Stage Served:
Growth
All Stages Served:
Mature, Growth
Industries Served:

Community Development