MaKen Studios
About the project
Shift Capital was founded in 2012 with a mission to employ socially conscious real estate redevelopment as a tool to revitalize communities and reward investors.
Shift Capital is headquartered in Philadelphia, PA.
LISC provided a $2.11 mini-permanent loan to Shift Capital to fund building renovations for two buildings, MaKen North and MaKen South in the Kensington neighborhood of Northeast Philadelphia. The LISC loan is part of a larger $10 million investment from Shift Capital to acquire, renovate, and lease two large industrial properties to create more than 100 rentable spaces for nonprofits, artisans, makers, small manufacturers, and other small businesses.
Partner:
Shift Capital, LLC
Location:
Philadelphia, PA
Total Investment:
$2.11 million
Results:
223,959 sq. ft. commercial space
284 jobs created
Project Category:
Employment Generation
Product:
Mini-Permanent loan
Website:
UN SDGs:
