Financing
TREND provides flexible debt financing that will stay in a transaction long enough to match the lease term of desired retail tenants. We have the flexibility to underwrite subordinate debt for items such as tenant fit-out or franchise fees. Our objective is to lower early-stage risk and incentivize quality retailers to open new stores in transitioning neighborhoods. TREND financing is designed to complement and leverage developer equity, traditional bank debt, public incentives, and financing from mission-driven lenders, CDFIs, and government programs.
90% of the dollars invested in projects led by developers or entrepreneurs of color
$7.2 million of loans to catalyze retail projects
“TREND conclusions regarding tools needed to increase retail amenities in underinvested communities are corroborated by CCLF’s 2009 State Street Corridor study, which identified low-cost, flexible predevelopment, acquisition, gap, equity, and equity-like financing as products that developers would need to enable them to bring more commercial/retail projects to fruition.”
– Calvin Holmes, President, Chicago Community Loan Fund
CONTACT INFORMATION
30 W. Monroe St.
Suite 510
Chicago, IL 60603
info@chicagotrend.com
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