In June 2016, GCF provided a $136,000 RLF loan to the Newnan DDA for the acquisition and renovation of a commercial building located at 5 & 7 Spring Street in downtown Newnan. The DDA provided a simultaneous loan to MOST Properties, LLC, the project’s developers. The completed project houses leasable commercial space on the first floor, and four residential apartments on the second floor. Fidelity Bank and the Georgia Department of Community Affairs also provided financing for this project. The total project cost is $680,000
Project Cost: $680,000 GCF Loan Amount: $136,000