CDFI/Stories/Commercial Real Estate/MSA Annex, LLC

MSA Annex, LLC

$2.7 Million in Financing for New Community Shopping Center Development in Low-Income Neighborhood

Development of the highly anticipated “Annex” will further revitalization efforts in a low-income area of Tucson, Arizona. Sitting adjacent to the Mercado San Agustin shopping center and opening into downtown Tucson, the Annex will offer expanded retail space for small businesses for local residents.

Clearinghouse CDFI provided a $2.7 million loan for construction of the Annex. Once complete, the new center will feature a children’s play area and a 500-seat, outdoor entertainment venue. Development of the Annex will create several construction jobs and help spur economic growth and small business development in this low-income community.

Download the full story here: Just Funded – MSA Annex, LLC – FINAL

Financing Provided: $2.7 Million
Location: Tucson, AZ
Purpose:

To help spur economic growth and small business development in this low-income community

Year Funded: 2017

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