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.
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.