Greenville New Markets Opportunity, LLC

Greenville SC

The Greenville New Markets Opportunity LLC ("GNMO") will use its NMTC allocation to expand the economic development activities of the City of Greenville, South Carolina in neighborhoods targeted for redevelopment under Greenville’s Comprehensive Plan. The utilization of NMTCs by GNMO will enable it to expand its financial offerings and leverage more private sector involvement. Most notably, the NMTC will allow GNMO to: offer debt financing at interest rates 300-400 basis points lower than standard; provide subordinated debt at a 50% discount; offer interest only terms for the 7 -year credit period; lower its origination fees; and finance projects with loan-to-value ratios of up to 100%.

CDFI Awards for Greenville New Markets Opportunity, LLC

NMTC (2006) - $89,000,000

The Greenville New Markets Opportunity LLC ("GNMO") will use its NMTC allocation to expand the economic development activities of the City of Greenville, South Carolina in neighborhoods targeted for redevelopment under Greenville’s Comprehensive Plan. The utilization of NMTCs by GNMO will enable it to expand its financial offerings and leverage more private sector involvement. Most notably, the NMTC will allow GNMO to: offer debt financing at interest rates 300-400 basis points lower than standard; provide subordinated debt at a 50% discount; offer interest only terms for the 7 -year credit period; lower its origination fees; and finance projects with loan-to-value ratios of up to 100%.

Other Community Development Financial Institutions in South Carolina
	Benedict-Allen Community Development Corporation Columbia
	Brookland Federal Credit Union West Columbia
	Business Carolina, Inc. Columbia
	Carolina First Community Development Corporation Greenville
	Catawba Indian Nation Rock Hill
	Community Development & Improvement Corporation Aiken
Greenville New Markets Opportunity, LLC Greenville	Lowcountry Housing Trust Charleston
South Carolina Community Bank Columbia