116 W. Spring Street

On April 7, 2020, the Foundation provided a $169,490 loan to the Downtown Development Authority of the City of Monroe to assist in financing the acquisition and renovation of a two-story commercial building located at 116 W. Spring Street in downtown Monroe. The Authority provided a simultaneous loan to 2nd Floor, LLC, the project’s developer. The completed project contains leasable commercial and office space. The total project cost is $423,725. Additional project financing was provided by Synovus Bank.