Ellijay, 6 River Street

Closing Date: December 20, 2018
On December 20, 2018, GCF provided a $178,000 loan to the Downtown Development Authority of the City of Ellijay. The DDA made a simultaneous loan to Grace Grace Investments, LLC to partially finance the acquisition and renovations of a building located at 6 River Street, Ellijay, Georgia. The completed project will contain five commercial spaces and four residential apartments

Project Details

Loan Recipient
Downtown Development Authority of the City of Ellijay

Grace Grace Investments, 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