San Juan, PR – Equalize Capital is pleased to announce an investment of $4 million in the Bluestone Community Development Fund (BLUCX or the Fund).
We are also pleased to welcome Colony Bank as the newest investor in the Bluestone Community Development Fund. By supporting small businesses, the Fund helps build strong communities throughout the United States. The Fund also enables banks and other lenders to expand their lending efforts in the communities they serve by providing them with a means to multiply the impact of their capital in their lending efforts, while maintaining existing jobs and generating new jobs. Colony Bank’s investment will help generate new lending to small businesses in the markets it serves in Georgia.
Launched in December 2013, the Bluestone Community Development Fund is a continuously-offered non-diversified, registered closed-end fund with limited liquidity. The Fund’s investment objectives are to provide current income, consistent with the preservation of capital, and to enable institutional Fund investors that are subject to regulatory examination for CRA compliance to claim favorable regulatory consideration of their investment under the Community Reinvestment Act of 1977. The Fund seeks to achieve its objectives by investing primarily in a portfolio of 504 First Lien Loans secured by owner-occupied commercial real estate which represent the non-guaranteed portion of a U.S. Small Business Administration (“SBA”) Section 504 transaction.
The Bluestone Community Development Fund is distributed by Foreside Fund Services, LLC which is not affiliated with Equalize Capital or any affiliate. Foreside is not a registered investment advisor and does not provide investment advice.
