Synovus/CB&T Community Reinvestment, LLC

Columbus GA


Synovus/CB&T Community Reinvestment, LLC (“Synovus”) will offer below market financing products to borrowers and investees developing high impact community redevelopment projects and for-sale workforce housing. Synovus is targeting 75% of its financing activity to high impact community redevelopment projects, and 25% to for-sale workforce housing. Financing products will include senior loans, subordinated or mezzanine debt, and equity investments, and will contain flexible underwriting criteria, including below-market rates of interest, no origination fees, and equity investments with below-market rates of return. Borrowers and investees will also receive technical support throughout all phases of their developments.

CDFI Awards for Synovus/CB&T Community Reinvestment, LLC


NMTC (2008) - $50,000,000

Synovus/CB&T Community Reinvestment, LLC (“Synovus”) will offer below market financing products to borrowers and investees developing high impact community redevelopment projects and for-sale workforce housing. Synovus is targeting 75% of its financing activity to high impact community redevelopment projects, and 25% to for-sale workforce housing. Financing products will include senior loans, subordinated or mezzanine debt, and equity investments, and will contain flexible underwriting criteria, including below-market rates of interest, no origination fees, and equity investments with below-market rates of return. Borrowers and investees will also receive technical support throughout all phases of their developments.



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