--- title: National Cooperative Bank Provides a $3.51 Million Loan for 410 Broadway Redevelopment description: National Cooperative Bank recently closed a $3.51 million loan for the development of a four-story, 50,000 square foot mixed used development, located in Mount Pleasant, MI. image: https://www.ncb.coop/hubfs/Buildings/broadway%20lofts_mount%20pleasant.jpg --- ## Newsletter Close Close ## You are about to leave the website of National Cooperative Bank and view the content of an external website. We provide links to external websites for convenience. National Cooperative Bank does not endorse and is not responsible for their content, links, privacy or securities policies. Click OK to proceed, click Cancel to stay on this page OK Cancel Close Close ## Press Releases - [National Cooperative Bank (56)](https://www.ncb.coop/press-releases/tag/national-cooperative-bank) - [NCB (18)](https://www.ncb.coop/press-releases/tag/ncb) - [Coop Housing (10)](https://www.ncb.coop/press-releases/tag/coop-housing) - [financial literacy (4)](https://www.ncb.coop/press-releases/tag/financial-literacy) - [ACE Hardware (3)](https://www.ncb.coop/press-releases/tag/ace-hardware) - [Co-op Education (2)](https://www.ncb.coop/press-releases/tag/co-op-education) - [Store Opening (2)](https://www.ncb.coop/press-releases/tag/store-opening) - [consumer education (2)](https://www.ncb.coop/press-releases/tag/consumer-education) - [#BankingOnValues (1)](https://www.ncb.coop/press-releases/tag/bankingonvalues) - [#TogetherForThePlanet (1)](https://www.ncb.coop/press-releases/tag/togetherfortheplanet) - [Co-op 100 (1)](https://www.ncb.coop/press-releases/tag/co-op-100) - [ESOP (1)](https://www.ncb.coop/press-releases/tag/esop) - [Employee Owned (1)](https://www.ncb.coop/press-releases/tag/employee-owned) - [Everfi (1)](https://www.ncb.coop/press-releases/tag/everfi) - [Homeownership (1)](https://www.ncb.coop/press-releases/tag/homeownership) - [Personal Banking (1)](https://www.ncb.coop/press-releases/tag/personal-banking) - [Solar Financing (1)](https://www.ncb.coop/press-releases/tag/solar-financing) [More](https://www.ncb.coop/press-releases/national-cooperative-bank-provides-a-3.51-million-loan-for-410-broadway-redevelopment#) ## Press Releases - [National Cooperative Bank (56)](https://www.ncb.coop/press-releases/tag/national-cooperative-bank) - [NCB (18)](https://www.ncb.coop/press-releases/tag/ncb) - [Coop Housing (10)](https://www.ncb.coop/press-releases/tag/coop-housing) - [financial literacy (4)](https://www.ncb.coop/press-releases/tag/financial-literacy) - [ACE Hardware (3)](https://www.ncb.coop/press-releases/tag/ace-hardware) - [Co-op Education (2)](https://www.ncb.coop/press-releases/tag/co-op-education) - [Store Opening (2)](https://www.ncb.coop/press-releases/tag/store-opening) - [consumer education (2)](https://www.ncb.coop/press-releases/tag/consumer-education) - [#BankingOnValues (1)](https://www.ncb.coop/press-releases/tag/bankingonvalues) - [#TogetherForThePlanet (1)](https://www.ncb.coop/press-releases/tag/togetherfortheplanet) - [Co-op 100 (1)](https://www.ncb.coop/press-releases/tag/co-op-100) - [ESOP (1)](https://www.ncb.coop/press-releases/tag/esop) - [Employee Owned (1)](https://www.ncb.coop/press-releases/tag/employee-owned) - [Everfi (1)](https://www.ncb.coop/press-releases/tag/everfi) - [Homeownership (1)](https://www.ncb.coop/press-releases/tag/homeownership) - [Personal Banking (1)](https://www.ncb.coop/press-releases/tag/personal-banking) - [Solar Financing (1)](https://www.ncb.coop/press-releases/tag/solar-financing) [More](https://www.ncb.coop/press-releases/national-cooperative-bank-provides-a-3.51-million-loan-for-410-broadway-redevelopment#) Topics Subscribe # National Cooperative Bank Provides a $3.51 Million Loan for 410 Broadway Redevelopment February 5, 2020 ![National Cooperative Bank Provides a $3.51 Million Loan for 410 Broadway Redevelopment](https://www.ncb.coop/hubfs/Buildings/broadway%20lofts_mount%20pleasant.jpg) Arlington, VA (February 5, 2020) National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, recently closed a $3.51 million loan to support an $18 million New Markets Tax Credits (NMTC) financing package secured by Michigan Community Capital (MCC) for the development of a four-story, 50,000 square foot mixed used development on a former vacant brownfield facility located in Mount Pleasant, MI. Once complete, the 1.34 acres site will be home to a new 10,000 square foot store for GreenTree Cooperative Grocery and offer 48 mixed-income apartments. In addition to NCB’s loan, the project received a low-interest loan from the Michigan Economic Development Corporation and a NMTC allocation from PNC and Cinnaire. “The project involved one of the most complex sites that MCC and many of our partners have ever managed, stated Eric Hanna, President of MCC. “ In the end, it took a financial structure in excess of standard programs to get the site developed. I am convinced that this building will be a 100 year+ asset to the community. “ - [National Cooperative Bank](https://www.ncb.coop/press-releases/tag/national-cooperative-bank) Related Posts ![National Cooperative Bank Originated $67 Million for New York Area Cooperatives and Condominiums in the Second Quarter of 2023](https://www.ncb.coop/hubfs/Buildings/Capture.png) 11 Jul 2023 National Cooperative Bank Originated $67 Million for New York Area Cooperatives and Condominiums in the Second Quarter of 2023 [Read Post ](https://www.ncb.coop/press-releases/national-cooperative-bank-originated-67-million-for-new-york-area-cooperatives-and-condominiums-in-the-second-quarter-of-2023) ![National Cooperative Bank Honors Michele Fantt Harris and Rick Reed With Prestigious 2022 Spirit of Cooperation Award](https://www.ncb.coop/hubfs/Spirit%20of%20Cooperation%20Award%20(1).svg) 12 May 2022 National Cooperative Bank Honors Michele Fantt Harris and Rick Reed With Prestigious 2022 Spirit of Cooperation Award [Read Post ](https://www.ncb.coop/press-releases/national-cooperative-bank-honors-michele-fantt-harris-and-rick-reed-with-prestigious-2022-spirit-of-cooperation-award) ![SSCC Awards NCB Minority Excellence Scholarship to Heidi Calderon](https://www.ncb.coop/hubfs/2022%20Spring%20NCB%20Scholarship%20Recipient-SSCC%20and%20NCB.svg) 03 Feb 2022 SSCC Awards NCB Minority Excellence Scholarship to Heidi Calderon [Read Post ](https://www.ncb.coop/press-releases/ncb-minority-excellence-scholarship-awarded) Media Contacts #### Mary Alex Blanton Senior Vice President [703.302.8876](tel:7033028876) #### Heather Cummings Vice President [937.393.6429](tel:9373936429) ## Stay Informed Stay informed about NCB and how we impact communities nationwide. 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