MBDP and MCRP Loan Portfolio
Loan Portfolio
The following projects have loans associated with them. In addition, some may also include a grant or other economic development vehicle to account for the complete Projected Award Amount
The Report was last updated on Nov 22, 2024.
Parkland Muskegon, LLC - Performance Based Loan
| Program: | Community Revitalization |
|---|---|
| Approval Date: | Feb 27, 2013 |
| Location: | Muskegon |
| Project Investment: | Up to $10.70 million |
| Projected Jobs: | 2 |
| Projected Award Amount: | Up to $1.95 million |
| Loan Interest Rate: | 0% |
| Loan Payments: | Current |
| Project Description: | Renovation of one of the only remaining buildings left following the demolition of most of the structures that formerly comprised the downtown Muskegon Mall. |
Grand Rapids Downtown Market Holdings LLC - Performance Based Loan
| Program: | Community Revitalization |
|---|---|
| Approval Date: | Feb 27, 2013 |
| Location: | Grand Rapids |
| Project Investment: | Up to $30.17 million |
| Projected Jobs: | 295 |
| Projected Award Amount: | Up to $3.00 million |
| Loan Interest Rate: | 0% |
| Loan Payments: | Current |
| Project Description: |
Urban Group Development Company - Performance Based Loan
| Program: | Community Revitalization |
|---|---|
| Approval Date: | Nov 28, 2012 |
| Location: | Ann Arbor |
| Project Investment: | Up to $37.05 million |
| Projected Jobs: | 6 |
| Projected Award Amount: | Up to $3.00 million |
| Loan Interest Rate: | 0% |
| Loan Payments: | Current |
| Project Description: | Redevelopment of a contaminated property into a residential building that will be specifically targeted to young professionals. |