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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
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