CDFI/Stories/Commercial Real Estate/Renewed Arts & Housing Foundation

Renewed Arts & Housing Foundation

$6.2 Million in Refinancing for Historic Property
$6.2 Million in Refinancing for Historic Property
$6.2 Million in Refinancing for Historic Property

The Bella Blanca Event Center is a premier event venue located in the NOHO Arts District of Hollywood, CA. A former Masonic lodge, the property underwent major renovation by Renewed Arts & Housing Foundation (RAHF) and became a designated City Historic Cultural Monument in 2014.

Clearinghouse CDFI provided a loan long-term, fixed-rate, $6.2MM loan to refinance debt associated with RAHF’s original property restoration.

The updated Bella Blanca Event Center incorporates environmentally sustainable processes and employs a diverse group of low-to-moderate income individuals.This project helped retain 3 full-time jobs and 30+ part-time jobs.

Download the PDF: Just Funded – Renewed Arts & Housing, LLC

Financing Provided: $6.2MM Loan
Location: North Hollywood, CA
Impact:

- Retained 3 full-time jobs & 30+ part-time jobs
- Incorporated environmentally sustainable processes

Purpose:

To refinance debt associated with RAHF's original property restoration

Year Funded: 2018

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