Gateway CDE, LLC

Newark NJ


Gateway CDE will use the proceeds of its NMTC allocation to finance medium and large scale, urban real estate projects that were previously economically infeasible for its Controlling Entity. The requested allocation would enable Gateway CDE to increase its Controlling Entity’s current annual level of below market community development investment. Gateway CDE expects to provide a debt product that has no origination fees and significant interest rate reductions. In addition, Gateway CDE expects to provide equity investments that have no upfront or annual fees and minimal return expectations.

CDFI Awards for Gateway CDE, LLC


NMTC (2007) - $50,000,000

Gateway CDE will use the proceeds of its NMTC allocation to finance medium and large scale, urban real estate projects that were previously economically infeasible for its Controlling Entity. The requested allocation would enable Gateway CDE to increase its Controlling Entity’s current annual level of below market community development investment. Gateway CDE expects to provide a debt product that has no origination fees and significant interest rate reductions. In addition, Gateway CDE expects to provide equity investments that have no upfront or annual fees and minimal return expectations.



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