Projects

McCaysville, Sparrow Properties

Closing Date: January 29, 2016
In January 2016, GCF provided a $125,200 GCF-SSBCI loan to Sparrow Properties, LLC for the construction of a commercial building located at 56 Toccoa Avenue in downtown McCaysville. The completed project houses Blue Ridge Mountain Outfitters. United Community Bank also provided financing for this project. The total project cost is $313,000.

Project Details

Loan Recipient
Stache Man Enterprises, LLC

Sub-Recipient
N/A

Project Cost
$313,000

GCF Loan Amount
$125,200

DD RLF Loan Amount, if any

Project Use
Commercial
After
Foundation Project Impacts
335 New Downtown Businesses
2196 New Jobs Downtown
$208 Million in Private Investments
8 Cultural Facilities
347 Downtown Housing Units
157 Hotel Units Downtown
1,600,000 Redevelopment Floor Area sf
229,000 New Construction sf