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.
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.
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.
Loans range from $500,000 to $2.5 million with a preferred range of $750,000 to $1.5 million.
CCSF generally provides fixed amount term loans with flexible structure and repayment. Typical maturity is five to seven years.
Real estate mortgage on the property and guarantees of the principals.
Mary Seaberg King
600 Renaissance Center, Suite 1710
Detroit, MI 48243-1802