Core City Strategic Fund

The Core City Strategic Fund (CCSF) is a revolving loan fund that supports priority commercial real estate projects in the Greater Downtown area. CCSF projects are identified through the collaborative efforts of Invest Detroit, Downtown Detroit Partnership, Detroit Economic Growth Corporation, and Midtown Detroit, Inc. These projects are aligned with the priorities of the M-1 Transit Oriented Development Strategy and Detroit Future City Framework.

Purpose

To stimulate economic growth by supporting commercial, residential and neighborhood development through loans for strategic projects which will serve as a vital catalyst to link neighborhoods, create jobs, assist efforts for sustainability and create a dense, exciting and vibrant community in Greater Downtown Detroit.

Target Area

Greater Downtown Detroit, a 7.2 square mile area, which includes Downtown, the Central Business District, Midtown, New Center, Corktown, Eastern Market, Lafayette Park, Riverfront and Woodbridge.

Loan Size

Loans range from $500,000 to $2.5 million with a preferred range of $750,000 to $1.5 million.

Loan Terms

CCSF generally provides fixed amount term loans with flexible structure and repayment. Typical maturity is five to seven years.

Collateral

Real estate mortgage on the property and guarantees of the principals.

Contact

Marcia Ventura and Keona Cowan
Invest Detroit
600 Renaissance Center, Suite 1710
Detroit, MI 48243-1802
Marcia.ventura@investdetroit.com
Keona.cowan@investdetroit.com
p: 313-259-6368
f: 313-259-6393

Financing Needs