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ARIZONA MULTIBANK


Community Development Corporation

 

 

In The News

 
   
 

 

 

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

   
 

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

   
 

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

   
 

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

   
 

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

   
 

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

   
 

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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