June 2025 Loan Round-up July 1, 2025

In June, IFF closed loans totaling approximately $2.4 million for community-driven projects in the Midwest. We’ve included information below about two of the loans and what the organizations that received them are doing with the capital. To learn more about IFF’s lending, visit our Capital Solutions page. 

Euclid Circle

IFF closed a $485,760 loan that enabled nonprofit Euclid Circle, Inc. (ECI) to refinance a bridge loan from a traditional lender, as well as a personal loan, which were used to fund the acquisition of a 43,489-square-foot facility in East Cleveland, OH, formerly owned by the Cuyahoga County Department of Developmental Disabilities before sitting vacant for several years. ECI was founded in 2023 by the owners of Genesis Global Partners to help address the East Cleveland community’s need for employment opportunities, economic development, housing, early childhood education, and food security.

The organization’s current focus is the revitalization of the facility it owns, and refinancing the loans provided ECI with a better rate and terms, freeing up resources that can be committed to building improvements. The property currently has two tenants: North Shore High School, a renowned charter school, and the East End Neighborhood House Association, a nonprofit focused on providing quality child care and social services to the East Cleveland community. By continuing to upgrade the building, ECI intends to create high-quality space that can be leased to additional nonprofits and community-driven businesses that will create accessible jobs, promote economic opportunities, and foster a more vibrant community.

KC Clay Guild

IFF closed a $1.2 million loan that provided KC Clay Guild (KCCG) with the capital needed to acquire and renovate a facility in Kansas City, MO, that will more than quadruple the nonprofit’s space. Founded in 1988, KC Clay Guild promotes appreciation of and participation in the ceramic arts through education programs, public outreach, and the creation of a diverse ceramic arts community. With 18,500 square feet of space in the new facility, KCCG will have more studio space for local artists and be able to offer more classes, in addition to a wider range of programs. The facility is also conveniently located near public transportation and includes a parking lot, making KCCG’s programming more accessible to the community. Additional funding for the $1.975 million project includes owner’s equity and a capital campaign.