Our Stories
Affordable Housing
Hagerstown, Maryland
Impact Summary
PB Hagerstown, LLC, a development team formed to purchase and develop Kilpatrick Woods,
requested a $3,800,000 land acquisition and predevelopment loan for a planned 241-unit affordable rental housing LIHTC project in Hagerstown, MD.
Affordable Housing
Milford, Delaware
Impact Summary
PCG worked with NCALL to provide $500,000 pari passu participation in a $1,500,000 loan to assist in providing affordable housing to families. Additionally, this loan expands PCG’s relationship with NCALL, with whom we have co-lent 10 times over the years.
Affordable Housing
Kearney, Nebraska
Impact Summary
Through PCG’S GAP Loan Program, PCG worked with Legacy Bank & Trust and Locke Capital to leverage Legacy Bank’s $3,275,000 funding with a PCG funded $400,000 subordinate tranche in Legacy Bank’s $3,675,000 loan. The loan refinanced short-term acquisition financing, will retain 97 units of affordable housing, and will provide bridge funding... Read More
