City First Enterprises

We're #hiring a new Senior Commercial Loan Officer in Washington, District of Columbia. Apply today or share this post with your network.

ICYMI: Capital Connections took place last week! 💸🔗 Catch a peek at the event highlights and see how local business owners are taking steps toward commercial property ownership.   We extend a thank you to each of our partners and clients who participated!   Applications for CPAF 4.0 open in February 2025. Don't miss out on this opportunity to grow your business and invest in your future! #CapitalConnections #SmallBusinessDC #CommercialProperty #CityFirst Oswaldo Acosta Bibiana Stevens Tsjenna Daley, MBA, CPM   The Commercial Property Acquisition Fund is partially or fully funded through the Office of the Deputy Mayor for Planning and Economic Development of the Deputy Mayor for Planning and Economic Development.

Capital Connections is underway!💸🔗 Today, we’re bringing small business owners across the District together with lenders and resources to help them achieve commercial property ownership. Attendees are learning about the Commercial Property Acquisition Fund (CPAF), a District government grant designed to help entrepreneurs build equity and secure their future. It’s inspiring to see so many local business owners take steps toward ownership. Two of our CPAF 3.0 recipients were able to join us and share how this grant helped them acquire a new space over the summer and encourage attendees to apply for the next round of CPAF. Applications for CPAF 4.0 open February 2025 A huge thank you to our friends at First National Bank for sponsoring today’s food and beverages! #CapitalConnections #SmallBusinessDC #CommercialProperty #CityFirstEnterprises Oswaldo Acosta Bibiana Stevens Jonathan Reyes Jorge A. Zambrano Caleb Spencer Christian Perkins Anna Fedorowski Office of the Deputy Mayor for Planning and Economic Development Tsjenna Daley, MBA, CPM First National Bank Ricardo Torres, MBA City First Bank Capital Impact Partners Latino Economic Development Center (LEDC) District of Columbia Department of Insurance, Securities and Banking (DISB) John Marshall Bank The Commercial Property Acquisition Fund is partially or fully funded through the District of Columbia Executive Office of the Mayor — Office of the Deputy Mayor for Planning and Economic Development.

We’d like to spotlight exciting developments at Constituent Services Worldwide Public Benefit Corporation (CSW), a project funded by City First Enterprises, a borrower in the Broadstreet-managed Black Vision Fund. CSW is a Black-owned Public Benefit Corporation that hosts trainings for unemployed and underemployed populations. With financing from City First Enterprises and the District of Columbia Department of Insurance, Securities and Banking (DISB)’s DC Biz Cap, CSW has acquired and renovated a 6,500 square-foot space now known as “The Consortium.” The newly remodeled building now houses two recording studios for media arts students, a state-of-the-art co-working space and a drug testing lab. The building’s newly launched art gallery helps diversify CSW’s income by providing a rental event space. “The loan from City First Enterprises has allowed us to fuel the entire community,” says Robert Jordan, DBA, President and CEO of CSW. His vision for The Consortium extends far beyond its walls, with plans to replicate this model across the East Coast, creating a network of satellite communities dedicated to workforce training and education. “No one should be excluded from opportunity because of their economic situation,” Jordan emphasizes. “We’re committed to creating pathways for everyone.” The Black Vision Fund (BVF) is a loan fund that uses blended capital—a mix of philanthropic and private sector funding—to build the capacity of community-focused lenders to finance small businesses, especially those led by Black owners and serving communities of color. Broadstreet manages BVF and other funds like it that are designed to generate measurable positive social outcomes alongside financial returns. Learn more about Broadstreet’s fund management work with the Black Vision Fund here: https://lnkd.in/gz26QRMV Keep up the great work, Constituent Services Worldwide Public Benefit Corporation! #pavingwiderpaths #communityinvesting #fundmanagement #impactinvesting

Today, Jonathan Reyes, our Chief Lending Officer, joined our partners at Capital Impact Partners for their HEAF Harvest to engage with 13 emerging developers in their Housing Equity Accelerator Fellowship (HEAF) cohort. The event began with a panel discussion on the current state of CDFIs, reflecting on 2024, previewing lending priorities for 2025, and ended with a mixer to foster relationships with the hope of executing impactful projects.    The HEAF fellowship is Momentus Capital’s real estate development program sponsored by Amazon to elevate minority developers and increase affordable housing in the region. To learn how to connect with CFE about affordable housing projects, visit https://lnkd.in/eZPi8x_M. Seth Whetzel Melissa Stallings, MPH Khufu L. Edwards Sharon Bollers Chris Grant Local Initiatives Support Corporation (LISC) Spring Garden Lending Enterprise Community Loan Fund, Inc. National Housing Trust

Our very own Jorge A. Zambrano is representing CFE while attending the Council of Development Finance Agencies' 2024 National Development Finance Summit amongst industry peers from across the nation. If you’re attending, be sure to connect with Jorge and learn more about CFE’s work. #cityfirst #communitydevelopment

This evening, a couple of our team members joined Climate DC's monthly gathering, “Let’s Talk Transportation w/Our Local Green Banks.” 🚊💚 It was a nice chance to connect and discuss ideas and opportunities for building sustainable transportation solutions in our community. #cityfirst #sustainability #communitydevelopment Jorge A. Zambrano Jasmine S. Williams Montgomery County Green Bank DC Green Bank

CFE is excited to welcome Victoria Garcia, as she joins our team as Senior Director of Development! With a wealth of experience in entrepreneurship, fundraising, business development, and strategic partnerships, Victoria is dedicated to expanding and diversifying grant funding to support CFE's core operations and initiatives. To get to know Victoria better, visit https://lnkd.in/eHgk6fWu.

In recognition of Veteran’s Day, we take a moment to celebrate the remarkable journey of Dr. Kambez Shukoor, a distinguished veteran and dedicated dentist whom we recently supported in purchasing his longstanding location in Ward 3. To learn more about his story, read here: https://lnkd.in/ejCmW63k

We've partnered with the Office of the Deputy Mayor for Planning and Economic Development to host Capital Connections: A Commercial Property Acquisition Fund Meet & Greet. Small business owners in the District aspiring to own commercial property are invited to: - Meet with various lenders, including traditional banks, CDFIs, and local banks, who are familiar with the Commercial Property Acquisition Fund (CPAF) grant. - Connect with realtors to begin their property search. - Learn about the CPAF grant, which provides downpayment assistance to DC-based small business owners looking to purchase owner-occupied commercial real estate. - Get their questions answered by the CPAF team and join the CPAF email list for updates on CPAF 4.0 in 2025. Tickets are now available. Spots are limited; secure yours today or share this within your network! https://lnkd.in/eWJHdykJ #CityFirstEnterprises #CityFirst #SmallBusiness #Networking The Commercial Property Acquisition Fund is partially or fully funded through the District of Columbia Executive Office of the Mayor—Office of the Deputy Mayor for Planning and Economic Development.