Program Related Investment to Purchase Senior Debt from Race Street Property Loan with ULC
Calvert Social Investment Foundation Inc
7315 Wisconsin Avenue, Suite 1000W
Bethesda, MD 20814
Bethesda, MD 20814
Project Name
Program Related Investment to Purchase Senior Debt from Race Street Property Loan with ULC
Amount
$1,000,000
Grant Period
Geographic Area Served
Adams
Arapahoe
Boulder
Broomfield
Denver
Douglas
Jefferson
Project Description
Purchase $1,000,000 of an existing senior, secured 3 year loan at 2.75% interest rate from the Calvert Foundation (CF) who is "participating out" part of a loan from their $10 million credit facility for the
Urban Land Conservancy (ULC) in Denver. This PRI buys into the direct debt between CF and ULC for the 4800 Race Street Campus and gives TCHF the ability to work directly with ULC to influence (and help financially support) project health impact components.