Downtown Retail in Historic Buildings Loan

The Downtown Retail in Historic Building Loans Product is designed to attract retailers to historic buildings in an effort to improve the facades and first floor interior spaces of historic buildings in Downtown Pittsburgh and in the historic Main Street communities that are part of Allegheny County’s Allegheny Together Program.


Current criteria for this loan product are as follows:

  • Eligibility: Retail lessees and building owners (may be an individual, partnership or corporation)
  • Uses: Building-related improvements, which include first floor interiors that are visible from the building’s exterior; also includes storefronts and facades
  • Loan Amount Range: $5,000 — $30,000
  • Max Loan-to-Value: 100%
  • Max Term: 60 months
  • Rate: 2.6% or 5.25% (lower rate applies to borrowers who agree not to alter their storefront or facade for at least five years)
  • Collateral: Property or other assets acceptable to LCC
  • Payment: Amortized over 60 months
  • Fees: $100 non-refundable application fee; up to 2 points origination fee

 

Downtown Historic Districts:

Click here for a link to a map of the eligible historic district in downtown Pittsburgh.

Click here to see a flier of the loan program.

Allegheny Together:

Click here for a link to the Allegheny Together Program

Click here for a flier of the Allegheny Together loan program.