IMPACT.

Take a walk through downtown Cleveland and its neighborhoods, and you will see it - evidence of the positive impact that Cleveland Development Advisors, in collaboration with private, public and civic partners, has had on our city.

Keep walking and watching. We're going to continue investing in catalytic projects in Cleveland - in its neighborhoods, its businesses, and its big ideas.

Because that's how real impact is made.

The road signs say it's working.

Click here to watch the CDA video.

In the News

General Underwriting Guidelines

To fulfill a mission focused on catalyic real estate investment throughout Cleveland, CDA offers subordinate debt and equity products with the following general guidelines:

Below-market rate pricing
Low origination fees
Terms averaging 5-7 years
Monthly principal and interest payments based on 20 to 30 year amortization schedules
Investments generally secured by real estate and guarantees

Proposal Process

An initial consultation between CDA staff and the developer of the project is customary. This meeting should include a brief introduction of the development team, the scope of the project and a general overview of sources and uses associated with the project. Further due diligence items may be necessary to analyze and underwrite the project, including but not limited to:

Appraisal and Market Feasibility Analysis
Site Plans, Exhibits / Renderings, Location Maps & Photos
Proforma and Budgetary Information
Information describing Civic Importance and Impact
Construction Timetable
Executed Development / Collaboration Agreements
Developer and Guarantor Financial Information