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Cedar Rapids, IA (2017)

The 550 Building, L.C.

NMTC financing to support a refinance structure of a real estate holding company in its renovation efforts of a mixed-use development in a highly distressed area of Cedar Rapids, IA.

Investment

  • NMTC Amount: $927,896
  • Total Project Cost: $1,030,996

IMPACT

  • 5 FTE jobs

Investor

Project Description

Central States provided $927,896 in New Market Tax Credit financing to support a refinance structure of a real estate holding company in its renovation efforts of a mixed-use development in a highly distressed area of Cedar Rapids, IA.

MAP

Address: 550 Second Street, Cedar Rapids, IA 52401

Census Tract: 19113002700

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