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DIABLO SAND & GRAVEL
Collidge, Arizona
Term Loam
MultiBank purchased a subordinated participation with Compass Bank for the purchase and installation of an Aggregate Wash Plant which is used for end-processing and cleaning of sand and gravel. This business started in the summer of 2005 and has built up a good core customer base.
Referred By: Compass Bank
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DESERT MISSION NEIGHBORHOOD RENEWAL ("DMNR")
Phoenix, Arizona
Term Loan
MultiBank provided funds for the predevelopment costs of a 45-unit affordable town home complex in the Sunnyslope area of Phoenix. The complex is being designed with the assistance of ECOSA Institute and educational institute in Prescott that promotes "green" building projects.
www.jcl.com/content/desertmission.htm
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GOODWILL INDUSTRIES OF CENTRAL ARIZONA, INC.
Surprise, Arizona
Real Estate Term Loan
MultiBank subordinated to a real estate term loan from Bank of America for the purchase of land and costs associated with the construction of a new store in Surprise, Arizona. Goodwill serves the disabled and others facing barriers to employment.
Referred By: Bank of America
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KDAP - DOUGLAS BROADCASTING, INC.
Douglas, Arizona
Term Loan
In conjunction with PPEP Micro business and Housing Development Corporation (PMHDC) in Tucson, Arizona, MultiBank provided funding for the purchase of Radio stations KDAP AM and KDAP FM in Douglas, Arizona. This transaction permitted the retention of a long-standing business in this border community.
Referred By: PMHDC
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KACHINA BOATS, INC.
Phoenix, Arizona
Line of Credit
MultiBank's initial term and working capital loans assisted Kachina in doubling its boats production space and renovating its showroom and offices. Kachina's current loan helps support the manufacturing of hig performance boats.
Referred By: Bank of America
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NATIVE AMERICAN CONNECTIONS, INC. ("NACI")
Phoenix, Arizona
Term Loan
Loan proceeds financed a portion of NACI's equity funding requirements into a newly formed limited liability company for the purchase of 4520 N. Central Avenue. NACI provides various services to the Native American community in the Phoenix area.
www.nativeconnections.org
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SAGUARO GARDEN LIMITED PARTNERSHIP
Florence, Arizona
Real Estate Term Loan
Saguaro Gardens, a 72-unit apartment complex, is a low income housing project that provides affordable housing for residents in Florence, Arizona. MultiBank provided refinancing of the complex.
Referred By: Chase Bank
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