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Waveland Community Development, LLC
Milwaukee WICDFI Awards for Waveland Community Development, LLC
NMTC (2009) - $100,000,000
Waveland Community Development, LLC (WCD) will invest in businesses and real estate projects that demonstrate a capacity for catalytic change in economically distressed communities. WCD’s primary line of business is providing equity and leveraged debt capital for small businesses located in geographic areas where there has historically been a lack of investment capital. WCD works with and invests in women and minority-controlled businesses, as well as companies located in minor urban and more remote rural areas. WCD will make equity, term loans (both senior and subordinate), asset-backed loans, inventory and general working capital loans to businesses; and gap-financing in support of real estate projects.
NMTC (2007) - $85,000,000
Waveland Community Development (“WCD”) will provide equity and debt capital for businesses and real estate projects that demonstrate a capacity for catalytic change in economically distressed communities. The NMTC allocation will allow WCD to structure deals that make capital available at rates significantly below market, no origination fees, substantial interest-only payment periods (seven years), loan amortizations that are much longer than standard (up to 40 years), and higher-than-standard loan/value ratios (up to 100%). In addition, Waveland will commit to donating 50% of the residuals generated from its NMTC allocation to CDFI entities that support women and minority owned businesses.
Other Community Development Financial Institutions in Wisconsin
Community Assets for People
Stevens Point
Dane Fund, Inc., The
Madison
First American Capital Corporation
West Allis
Lac du Flambeau Chippewa Housing Authority
Lac du Flambeau
Legacy Bancorp, Inc.
Milwaukee
Legacy Bank
Milwaukee
Legacy Redevelopment Corporation
Milwaukee
M&I New Markets Fund, LLC
Milwaukee
NiiJii Small Business Loan Fund, Inc.
Lac du Flambeau
SCI-TECH DEVELOPMENT
Milwaukee
Waveland Community Development, LLC
Milwaukee
Ways to Work
Milwaukee
Wigamig Owners Loan Fund
Lac du Flambeau
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