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Moultrie, Elevate Fitness
Closing Date: August 10, 2018
On August 10, 2018, GCF provided a $250,000 loan to the Downtown Development Authority of Moultrie to assist in financing the acquisition and renovation of two commercial buildings located at 300 2nd Street, NE in downtown Moultrie. The Authority made a simultaneous loan to H2G Investments, LLC, the project's developer. The completed project houses a fitness center, Elevate Fitness.
Project Details
Loan Recipient
Downtown Development Authority of Moultrie
Sub-Recipient
H2G Investments, LLC
Project Cost
$350,500
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
N/A
Project Use
Fitness Center
After
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