Statesboro, 30-36 West Main Street

Closing Date: September 21, 2017
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 Details

Loan Recipient
Downtown Statesboro Development Authority

Brannon Road, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
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