Carrollton, 202 Bradley Street

Closing Date: October 28, 2016
On October 28, 2016, GCF provided a $250,000 loan to the Carrollton Redevelopment Authority for the rehabilitation of a former textile mill building located at 202 Bradley Street in downtown Carrollton. The Authority provided a simultaneous loan to Million Suns, LLC, the project's developer. The completed project contains eleven residential apartments and seven commercial spaces. Additional project financing was provided by United Community Bank and the Georgia Department of Community Affairs. The total project cost is $4,122,708.

Project Details

Loan Recipient
Carrollton Redevelopment Authority

Sub-Recipient
Million Suns, LLC

Project Cost
$4,122,708

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Mixed-Use
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