The Cordish Companies Provides Financing To St. Louis's Contractor Loan Fund

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Sep 09, 2015, 12:23 ET

BALTIMORE, Sept. 9, 2015 /PRNewswire/ -- The Cordish Companies today announced that it had completed an investment in the St. Louis-based Contractor Loan Fund, Inc. (the "CLF"), a non-profit organization making loans to minority and women-owned businesses to facilitate their greater participation in construction projects throughout the St. Louis region.

CLF is a coalition of local governments, non-profit organizations, and private sector businesses committed to build a more inclusive St. Louis region. CLF partners have pooled their financial and business resources to make loans to minority and women owned businesses. Certified minority and women-owned business enterprises are able to apply for a loan of up to $1 million from the Fund, which has a pool of $10 million in total capital.

"When we were presented with the chance to invest in the Contractor Loan Fund, it was an instant yes," said The Cordish Companies Senior Vice President Chase Martin. "The work of the Fund is 100% consistent with our company's values, and our long history of working with minority and women-owned businesses throughout the construction and operation of our projects nation-wide."

The CLF began operations this summer, and is currently accepting applications for loans.

About The Cordish Companies
The Cordish Companies' origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Real Estate Development, Gaming & Lodging, Entertainment Management and International Development. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. Prime examples are The Cordish Companies' prominent role in the redevelopment of Baltimore's world famous Inner Harbor; Philadelphia, PA; Atlantic City, NJ; Charleston, SC; Houston, TX; Louisville, KY; Kansas City, MO and St. Louis, MO. In addition, The Cordish Companies has developed and operates multiple highly acclaimed entertainment destinations throughout the United States which welcome over 50 million visitors per year and are the most visited destinations in their respective regions. Over the generations, The Cordish Companies has remained true to the family's core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. www.cordish.com

About The Contractor Loan Fund, Inc.
The Contractor Loan Fund is a coalition of local governments, non-profit organizations, and small to large private sector businesses committed to build a more inclusive region. CLF partners have pooled their financial and technical business resources to make construction and expansion loans to minority and women owned businesses to facilitate their greater participation in construction projects throughout the region. For more information, please see www.clfstl.org

SOURCE The Cordish Companies