We provide a variety of services bringing together resource partners as needed to provide financial and management services as needed. Our services break down into three primary areas:
MRS has worked 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. MRS has been engaged to market LISC’s non-profit commercial acquisition fund funded in partnership with the City of Philadelphia’s Commerce Department. In addition to identifying financing opportunities, MRS provides underwriting and loan management services and provides an intermediary role in 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.
MRS can provide real estate development services for non-profit and for-profit developers. With experience and in affordable housing including Low-income Housing Tax Credit, Special Needs, and Senior Housing, and financing for economic development projects. We have successfully helped our clients secure Pennsylvania RACP funding and have expereince in all varieties of affordable housing subisdies. We have relationships with many lenders, and we can help in structuring and identifying sources of financing for your project
Through our work with small business lending, we can assess business planning issues, finanincing needs and opportunities for growth.
We have experience working directly with small businesses looking to grow and profit. We can provide assistance to businesses looking to start up and grow including back office assistance and financing. In addition to strategic support, we have provided equity financing for equipment and business expansion, and are looking for the right businesses to partner with.
First Step Staffing from Atlanta has piloted a simple but effective model to provide a first step back into employment for homeless and returning citizens in Atlanta where they serve 1000 individuals per day. In 2018 they brought that model to Philadelphia. With the participation of multiple parties, the CDFI community, homeless service providers and social investment community, helped make this occur. First Step Staffing (FSS) acquired a local labor staffing agency in Philadelphia to operate a second location of their staffing business (after Atlanta) with more on the way. FSS now controls about 600 jobs per day in Philadelphia where they will be placing the homeless clients or returning citizens, providing transportation to the sites and ensuring that they have the supports they need to stay in the job. FSS believes that earning a wage is the first step to providing a path back into society.
Marcus Reinvestment Strategies was pleased to work with 2 of our clients to make this happen. MRS underwrote the senior financing for LISC's participation of $1.2 million in the senior financing. MRS also worked with Impact Loan Fund to commit $75,000 of subordinate, social investment capital, to help create the equity-like cushion needed for the project.