The Phoenix New Markets Loan Program offers commercial and industrial development lending opportunities in underserved communities within the city of Phoenix. These loans will be funded at below market pricing.

PCDIC has partnered with Capmark on a $100 million fund and 1st National Bank of Arizona ("FNBA"), M&I Community Development Corporation and Prudential Insurance on a $20 million fund.

The focus for commercial real estate lending can include:

• Community-serving retail projects
• Commercial, industrial and manufacturing development projects
• Office development
• Corporate and regional headquarters

Loan requests will be considered that meet federal NMTC regulations for qualified businesses. In exchange for this financing, we ask the business to demonstrate how their project will positively impact the community in which it is located. Borrowers will be asked to identify community impact goals that they will support for the duration of their loan. Community impact benchmarks within eligible census tracts include but are not limited to the following:

• Remove blight,
• Create jobs for residents or persons below the poverty level in the designated area,
• Increase the minimum wage level of residents or low-income persons hired,
• Increase the number of new jobs created,
• Increase the percentage of women and minorities hired in the general workforce as well as in professional and senior management positions,
• Increase subcontracting with minority, disabled and women-owned firms, and/or
• Create a scholarship fund or training opportunities.

We are currently accepting loan inquiries for commercial real estate projects ranging upwards from $1 million. FNBA and Capmark fund perimeters are noted below:

Investment terms subject to change

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