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Augusta, 901 Greene Street
Closing Date: January 16, 2019
On January 16, 2019, GCF provided a $250,000 loan to the Downtown Development Authority of Augusta to assist in financing a commercial renovation project at 901 Greene Street in downtown Augusta. The Authority provided a simultaneous loan to 901 Green Street LLC, the project's developer. Atlantic Capital Bank was the project's senior lender.
Project Details
Loan Recipient
Downtown Development Authority of Augusta
Sub-Recipient
901 Green Street LLC
Project Cost
$3.048,000
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
N/A
Project Use
Shared Office Space
Foundation Project Impacts
335 New Downtown Businesses
2196 New Jobs Downtown
$208 Million in Private Investments
8 Cultural Facilities
347 Downtown Housing Units
157 Hotel Units Downtown
1,600,000 Redevelopment Floor Area sf
229,000 New Construction sf