TRP Lending Stories and Data

TRP Lending Stories

Chicago Events Planner Achieves Long-Time Dream With Help From LISC

Chicago,
Illinois

LISC

Ardul Aquino founded Tu Party Chicago in 2012 to make events at any price point possible, starting small by renting tables, chairs and tents for parties and events. Aquino dreamed of purchasing a location to offer to clients to host their events and better serve his clientele. With support from Wells Fargo’s Open for Business Fund, LISC financed a $528,000 acquisition loan for Tu Party to purchase their first commercial property. LISC underwriters worked with Aquino in Spanish, his first language, to get his loan materials together.

Project H.O.O.D

Chicago,
Illinois

Accion Opportunity Fund

Construction of the Robert R. McCormick Leadership and Economic Opportunity Center, an 88,000 SF multi-use facility in a deeply distressed neigborhood that consolidates multiple much-needed resources into one state-of-the-art facility that residents can use as a one-stop shop for their needs.

Phoenix Recovery Center

Chicago,
Illinois

Cinnare Lending Corporation

30-bed recovery service providing a home for women recovering from substance use disorder

Chicago Jesuit Academy

Chicago,
Illinois

Cinnaire Lending Corporation, Enterprise Community Loan Fund

The project is the construction of a 48,975 sq. ft. campus expansion and the rehabilitation of a 10,000 sq. ft. section of the existing Chicago Jesuit Academy, a tuition-free, non-selective, high-quality education program for Chicago youth. The project will renovate a portion of the existing boys' school and construct a new, expanded school facility to serve young female students.

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TRP Lending Fact Sheet

Testimonials

Bridge and other CDFIs support business creation and expansion as well as the construction and redevelopment of housing in low to moderate income neighborhoods. These are activities not offered or delivered by other financial institutions to extent provided by CDFI’s.

-Dirk J Meminger, Bridge Investment Community Development Corp, Rock Island, IL

TRP Lending Stories and Data