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Gateway Loan Assisted DeSales to Acquire and Sell Vacant Warehouse

In 2016, Gateway CDFI provided an aquisition loan to Fox Park South Development, an affiliate of┬áDeSales Community Development, to purchase the vacant warehouse located at 2717 Sidney Street in the Fox Park neighborhood of St. Louis City. Approximately two years later, DeSales sold the building to┬áRung Ltdwhich is transforming this propery into its new home. […]

Had it not been for the receipt of this funding, we simply would not have been able to begin our project.

Margaret May - Executive Director, Ivanhoe Neighborhood Council