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Pinnacle Community Development, Inc.
Nashville TNCDFI Awards for Pinnacle Community Development, Inc.
NMTC (2003) - $6,000,000
Pinnacle Community Development will use its NMTC allocation to make loans in commercial real estate projects to finance land development, including office, industrial and commercial development projects. Pinnacle will offer significantly more favorable rates, including loans of up to 200 basis points lower than the controlling entity"s current rates. The allocatee will also use more flexible underwriting criteria, such as loan-to-value ratios as high as 95 percent. Pinnacle intends to hold seminars and provide financial counseling to small business within its low-income areas.
Other Community Development Financial Institutions in Tennessee
Affordable Housing Resources, Inc.
Nashville
Appalachian Fund for Growth II, LLC
Chattanooga
Chattanooga Neighborhood Enterprise, Inc.
Chattanooga
Church Koinonia Federal Credit Union
CHATTANOOGA
D.C.C.D. Corporation
Decaturville
Nashville Housing Fund, Inc.
Nashville
Pinnacle Community Development, Inc.
Nashville
United Housing, Inc.
Memphis
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