Special Service for Groups – 8th Ave | Clearinghouse CDFI
  • detail image of project

    $6.8MM Loan Supports Refinancing of Property Offering Mental Health Services for Vulnerable Communities

  • detail image of project

    $6.8MM Loan Supports Refinancing of Property Offering Mental Health Services for Vulnerable Communities

Special Service for Groups – 8th Ave

Clearinghouse CDFI (CCDFI) is helping Special Service for Groups, Inc. refinance their existing commercial mortgage and replenish cash reserves with a $6,825,000 loan.

SSG previously purchased an industrial building with the intention of converting the building into office use. The building has since been renovated and provides administrative office space for SSG’s operations. Financing provided by CCDFI allows SSG to refinance their existing loan on the building and provides cash out to support payroll while awaiting count and federal payments.

Special Service for Groups, Inc. is a nonprofit organization committed to providing tailored behavioral health services to vulnerable communities. With a range of evidence-based programs, SSG offers intensive individualized support to individuals and families in need. By leveraging community-based partnerships and a deep understanding of local populations, SSG is dedicated to improving the health and wellbeing of the people they serve.

Read the full story here: Special Service for Groups – 8th Ave

 

Financing Provided:
$6,825,000
Location:
Los Angeles, CA
Impact:
Provides mental health services, medication support, and intervention for individuals and families in need supporting SSG’s mission of creating and sustaining community programs tailored to the needs of vulnerable populations
Purpose:
Refinancing of existing loan and cash out to replenish cash reserves
Year Funded:
2023
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