On September 21, 2017, GCF provided a $250,000 RLF loan to the Downtown Statesboro Development Authority for the acquisition of a commercial building located at 30-36 W. Main Street in downtown Statesboro. The Authority provided a simultaneous loan to Brannon Road, LLC, the project’s developer. The building houses three commercial spaces and nine residential apartments, with 2-3 additional apartments being planned. The acquisition cost was $1,410,000. Other lenders included Bulloch First Bank and the Georgia Department of Community Affairs.
Project Cost: $1,410,000 GCF Loan Amount: $250,000