HOW IT WORKS
Ebiara is a unique approach to provide emerging Black and Brown-owned real estate development firms access to capital and resources to build capacity for firms acquiring and developing Detroit projects.
To ensure developer and project success, Ebiara offers three support components
1
Low-cost loan deployed into the management entity rather than directly into a project.
2
Customized technical assistance solutions to support individual development firm needs
3
Partner support that leverages public and private partners to provide access to attractive deal flow that also stimulates activity within Detroit.
Investments are made to the Development Firm for two eligible uses
1
Increase operating capacity
2
Build transaction pipeline: acquisition, pre-development, and financing for rehabilitation and new construction
Technical Assistance Program
The technical assistance program will be customized for the needs of the firm and will include topics such as design and architecture, financial modeling, construction, legal and accounting needs, and the growth of a development firm.
If you believe your firm could benefit from Ebiara support, review the eligibility requirements and begin the application process
