Moultrie, 125 S. Main Street

Closing Date: June 28, 2019
On June 28, 2019, GCF provided an $86,595 loan to the Downtown Development Authority of Moultrie to assist in financing the acquisition of the former Grand Theater building located at 125 S. Main Street in downtown Moultrie. The Authority provided a simultaneous loan to Moultrie Main Grand Holdings, LLC, the project's developer. The completed project houses a bridal boutique. The First Bank is the project's senior lender.

Project Details

Loan Recipient
Downtown Development Authority of Moultrie

Sub-Recipient
Moultrie Main Grand Holdings, LLC

Project Cost
$216,488

GCF Loan Amount
$86,595

DD RLF Loan Amount, if any
N/A

Project Use
Bridal Boutique
After
Foundation Project Impacts
299 New Downtown Businesses
1728 New Jobs Downtown
$147 Million in Private Investments
8 Cultural Facilities
288 Downtown Housing Units
157 Hotel Units Downtown
1,352,805 Redevelopment Floor Area sf
200,267 New Construction sf