Marcus Reinvestment Strategies (MRS) was founded in 2011 by Paul Marcus with a focus on working with lenders, developers, and government agencies to direct resources where they will leverage financial, social and programmatic benefits. With a background of more than 20 years working in real estate development and community development finance, we believe that a smart approach to the investment of limited public and capital resources can generate an economic return along with the social benefits as required by social and governmental investment.
MRS provides an array of services to non-profit lenders and governments to define their funding and incentive strategies. For many years, we have worked on the ground with lenders such as the Local Initiatives Support Corporation (LISC) to identify financing and investment opportunities in Philadelphia focused on residential and non-residential projects. We have worked with the NCALL Loan Fund in the Delmarva peninsula, which finances real estate, housing and community facility projects in Delaware, Maryland and Virginia. We are also providing full-scale management services, including fund management and fundraising to the Impact Loan Fund, a geographically focused, business oriented loan fund.
We have also worked on identifying equity investment opportunities for New Markets Tax Credits and Low-income Housing Tax Credits. The Financing services are supported by Paul Marcus past experience as Vice President for Community Development Finance at Citizens Bank. His role there included managing real estate development transactions in Pennsylvania, Delaware, and South Jersey.
Delivered $500,000 in predevelopment financing to a 60 unit affordable housing veterans project
Underwrote a $450,000 acquisition loan of a homeless shelter serving hundreds of families annually
Committed, $500,000 in construction/permanent financign for a mixed use commercial space and $1.3 million in permanent financing for a 38 unit LIHTC housing project
Committed a $500,000 permanent loan for a Veterans housing project, rehabilitating a school building
Underwrote the fiancing of an unwind of an $8 million Tax exempt bond of mixed properties, commercial, housing, facilities
Provided $1.5 million in subordinate financing for 2 properties, combined of more than 200,000 sf of mixed manufacturing, creative economy commercial space, to help create an event space.
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The SHARE food program is led by Steveanna Wynn, the Philadelphia Inquirer's Citizen of the year in 2012. The organization, with a limited staff but hordes of volunteers, distributed more than 26 million pounds of food for the hungry out of their more than 100,000 sf warehouse and distribution center in North Philadelphia. We worked with SHARE to prepare their RACP application to the Commonwealth of Pennsylvania and with their extraordinary efforts and the recognition of the vital work that SHARE does, plus the support of legislators including State Senators Shirley Kitchen and Vincent Hughes, the State committed a $1 million Redevelopment Assistance Capital Program grant which enable them to stabilize their building and keep serving food banks throughout the mid-atlantic region.