Portland Development Corporation — Portland, ME
Date: 2026-04-16
Time: 16:00

PORTLAND DEVELOPMENT CORPORATION
 Board Meeting

 DATE: Thursday, April 16, 2026
 TIME: 4:00 PM
 LOCATION: This meeting will take place remotely.

 Please click below to join the webinar.
 https://portlandmaine-
 gov.zoom.us/j/85883360174?pwd=gcCQpIZK7dS5Vlpeirx6VphGVLcq3c.1
 Passcode:131579

 Phone one-tap:
 +16469313860,,85883360174# US
 +19292056099,,85883360174# US (New York)

 Webinar ID: 858 8336 0174
 International numbers available: https://portlandmaine-gov.zoom.us/u/kejx7Z2mBN

To submit written public comment on an agenda item, email edd@portlandmaine.gov.
 Submissions must be received by 12:00 pm the day before the Portland Development
Corporation meeting to guarantee their inclusion in the agenda packet. All submissions
must include the commenter's name and legal address. To help ensure your comment is
submitted for the correct item, please include the name of the agenda item (see below).

 AGENDA

1. President's comments


2. Review and accept Minutes of March 19, 2026 meeting


 a. See attached Meeting Minutes for March 19, 2026
 Review and vote on request to use $25,800 in Brownfields Post Closeout
3. Program Income to support soil pre-charaterization at the Woodbury Project
 site.


 a. See attached Memorandum
 b. See Task Order from TRC
 Review and vote on Interest-free Storefront Loan Application for $20,000
4. and Commercial Loan Application for $50,000 from Feast Ephemera, LLC,
 122 Washington Avenue.


 a. Note: Pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119—A, the Board
 may go into executive session to review proprietary confidential information
 associated with this loan application.
 Review and vote on Interest-free Storefront Loan Application for $15,000
5.
 from Bub's Home Kitchen, 28 Monument Square.


 a. Note: Pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119—A, the Board
 may go into executive session to review proprietary confidential information
 associated with this loan application.
6. Treasurer's Report - March 2026


 a. Monthly Administrative Report
 b. Cash Management Report
 c. Schedule of Loans Receivable - report added 4/14/2026
 d. Confidential - Loan Delinquency Report
 Note: Pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119—A, the Board
 may go into executive session to discuss/monitor any of the loans listed on the
 Report.
7. Other Items to be discussed/brought up by Board Directors


8. Next Regular Meeting Date: May 21, 2026




City of Portland Commissions are not required to take public comment under FOAA and our Ordinance is
 silent regarding the duties of the Commission. The Commission has the discretion to not allow or allow
public comment during its meetings, including the authority to limit the duration of comments. Since the
 Commission makes recommendations to the City Council, public comment is available at that level.

PORTLAND DEVELOPMENT CORPORATION
 Board Meeting

 DATE: Thursday, April 16, 2026
 TIME: 4:00 PM
 LOCATION: This meeting will take place remotely.

 Please click below to join the webinar.
 https://portlandmaine-
 gov.zoom.us/j/85883360174?pwd=gcCQpIZK7dS5Vlpeirx6VphGVLcq3c.1
 Passcode:131579

 Phone one-tap:
 +16469313860,,85883360174# US
 +19292056099,,85883360174# US (New York)

 Webinar ID: 858 8336 0174
 International numbers available: https://portlandmaine-gov.zoom.us/u/kejx7Z2mBN

To submit written public comment on an agenda item, email edd@portlandmaine.gov.
 Submissions must be received by 12:00 pm the day before the Portland Development
Corporation meeting to guarantee their inclusion in the agenda packet. All submissions
must include the commenter's name and legal address. To help ensure your comment is
submitted for the correct item, please include the name of the agenda item (see below).

 AGENDA

1. President's comments


2. Review and accept Minutes of March 19, 2026 meeting


 a. See attached Meeting Minutes for March 19, 2026




 Page 1
 Review and vote on request to use $25,800 in Brownfields Post Closeout
3. Program Income to support soil pre-charaterization at the Woodbury Project
 site.


 a. See attached Memorandum
 b. See Task Order from TRC
 Review and vote on Interest-free Storefront Loan Application for $20,000
4. and Commercial Loan Application for $50,000 from Feast Ephemera, LLC,
 122 Washington Avenue.


 a. Note: Pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119—A, the Board
 may go into executive session to review proprietary confidential information
 associated with this loan application.
 Review and vote on Interest-free Storefront Loan Application for $15,000
5.
 from Bub's Home Kitchen, 28 Monument Square.


 a. Note: Pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119—A, the Board
 may go into executive session to review proprietary confidential information
 associated with this loan application.
6. Treasurer's Report - March 2026


 a. Monthly Administrative Report
 b. Cash Management Report
 c. Schedule of Loans Receivable - report added 4/14/2026
 d. Confidential - Loan Delinquency Report
 Note: Pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119—A, the Board
 may go into executive session to discuss/monitor any of the loans listed on the
 Report.
7. Other Items to be discussed/brought up by Board Directors


8. Next Regular Meeting Date: May 21, 2026




City of Portland Commissions are not required to take public comment under FOAA and our Ordinance is
 silent regarding the duties of the Commission. The Commission has the discretion to not allow or allow
public comment during its meetings, including the authority to limit the duration of comments. Since the
 Commission makes recommendations to the City Council, public comment is available at that level.
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 DRAFT


 Minutes
 Portland Development Corporation Meeting
 Remote Zoom Meeting
 Held on March 19, 2026

​ A remote meeting, via Zoom, of the Portland Development Corporation (PDC) Board of

Directors was held at 4:00 p.m. on Thursday, March 19, 2026. Present from the Board of

Directors were Board President Kierston Van Soest and Directors Jon Berg, Sam Dargan, Nathan

Henry, Councilor Ben Grant, Tuck O’Brien, Beverly Werber, and Nikki Yanok. Board Directors

Matthew Buonopane, Scott Kleiman, and Assistant City Manager Dena Libner could not be

present. Present from City staff were Associate Corporation Counsel Avery Novak, Program

Coordinator Kaela Gonzalez, Business Programs Manager Nancy Martin, and Principal

Administrative Officer Lori Paulette. City underwriters Liam Benson and David McLaughlin

were also present.

 Item #1: President’s comments.

 Board President Van Soest opened the meeting at approximately 4:00 p.m. and

welcomed Tuck O’Brien to the Board.

 Item #2: Review and accept Minutes of December 18, 2025.

​ This item was deferred until the next meeting.

 Item #3: Review and vote on Brownfields Grant Request of $215,000 from

Community Housing of Maine, 186 Woodfords Street.

 Ms. Martin introduced Brian Kilgallen and the Brownfields grant request for $215,000

from Community Housing of Maine (CHOM). The requested subgrant would support

remediation at 186 Woodford Street, "The Woodbury," a proposed 51-unit senior affordable

housing project. The funding is needed to address urban fill found at the site, primarily covering

tipping fees and excavation costs. There is a shortfall in the PDC's available cleanup grant




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 DRAFT


funding, but CHOM confirmed they would cover the difference, potentially utilizing contingency

from a larger LIHTC development.

 On a motion made by Ms. Werber and seconded by Mr. Berg, the Board voted 8-0 to

approve the $215,000 Brownfields Grant to CHOM.

 Item #4: Review and vote on commercial loan request for $100,000 from Bad

Neighbors, 511 Congress Street.

 Ms. Martin provided a quick review of the commercial loan request from Bad Neighbors

and introduced one of the owners, Dennis Gaines, to the Board. The funds are needed for cost

overruns in the restaurant build-out—notably removing 320 square feet of concrete for

plumbing, which exceeded the initial estimate of 50-60 square feet. The loan will cover finishing

the build-out, securing initial stock, and providing working capital for the first month to

month-and-a-half of operation. The owners estimate an opening timeline of about six weeks.

 On a motion made by Mr. O’Brien and seconded by Mr. Grant, the Board voted 7-0-1

(Mr. Berg abstained) to approve the $100,000 commercial loan at 7.75% interest for a 5-year

term to Bad Neighbors.

 Item #5: Review and vote on commercial loan request for $50,000 from Cherie, LLC

249 Congress Street.

 Ms. Martin queued the next commercial loan request of $50,000 from Cherie, LLC and

the Board heard from co-owners Melody Medina and Quinn Williams. Cherie, LLC is a new

French restaurant opening in the former Quanto Vasta location. The loan will be used for new

equipment, renovations, and working capital. The owners, who met while working at the James

Beard Best New Restaurant Franchette, have combined decades of experience, including

working at Michelin-starred restaurants. The restaurant will have 23 indoor seats and 20 outdoor




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 DRAFT


seats, starting with a five-day schedule (Thursday through Monday) and offering lunch options.

They expressed confidence in their initial three-year lease and their plan to maintain consistency

and quality in a casual neighborhood environment.

 On a motion made by Mr. Berg and seconded by Mr. O’Brien, the Board voted 8-0 to

enter into executive session pursuant to 1 M.R.S.A. 405(6)(F) and 5 M.R.S.A. 13119-A, to

review proprietary confidential information associated with this loan application and the loan

request highlighted in Item #4 at approximately 4:33 p.m.

 The Board returned to public session at approximately 5:02 p.m.

 On a motion made by Mr. Henry and seconded by Mr. O’Brien, the Board voted 7-0-1

(Mr. Berg abstained) to approve the $50,000 commercial loan at 7.75% interest with a 5-year

term with conditions to Cherie, LLC.

 Item #6: Review and vote on recommendation to the City Council regarding

Business Continuity Loan Program Guidelines.

 Ms. Martin presented proposed guidelines for a new interest-free loan product aimed at

helping small businesses (10 or fewer employees) facing economic disruption (e.g., fire damage,

employee shortages, tariffs). The maximum loan amount is $10,000. Unlike the Storefront

Improvement Loan, this program would not be limited by geographic area. Funds could be used

for working capital, salaries, rent, and refinancing high-interest debt. The Board discussed

ensuring the definition of "economic disruption" is broad and clearly communicated to potential

applicants to avoid confusion.

 On a motion by Mr. Grant and seconded by Mr. Berg, the Board voted 7-0 (Mr. Henry

left the meeting after Item # 5) to recommend to the City Council the Business Continuity Loan

Program Guidelines.




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 DRAFT


 Item #7: Treasurer’s Report- February 2026.

​ The delinquency report was discussed in executive session.

 Item #8: Other Items to be discussed/brought up by Board Directors.

​ Ms. Martin provided a brief update on the Storefront Improvement Loan program, stating

one application is currently being underwritten. Discussion focused on increasing PDC's

visibility in local news coverage and city communications regarding the successful businesses

they support. Nancy Martin announced that Greg Watson is on extended leave and requested

delegation of signing authority to Mary Davis.

​ On a motion made by Ms. Yanok and seconded by Mr. Dargan, the Board voted 7-0 to

delegate authority to sign on behalf of the Portland Development Corporation as Interim

Assistant Secretary to Mary Davis.

 Item #9: Next regular meeting date: April 16, 2026.

​ There being no further business, on a motion made by Mr. Werber and seconded by Mr.

Berg, the Board voted 7-0 to adjourn at approximately 5:26 p.m.

 Respectfully, Kaela Gonzalez




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 PDC 4.16.2026
 Item # 3a


City of Portland | Housing and Economic Development Department
Mary Davis, Acting Deputy Director




 MEMORANDUM

TO:​ President Kierston Van Soest and PDC Board Members
FROM​​ Nancy L. Martin, Business Programs Manager
CC:​ Mary Davis, Housing and Economic Development Department
DATE:​ April 9, 2026
RE:​ Request to use $25,800 in Brownfields Post Closeout Program Income to support
 soil pre-characterization at the Woodbury project site



PROJECT OVERVIEW

At the March 19, 2026 meeting, the Portland Development Corporation (PDC) approved a
Brownfields Revolving Loan Fund (RLF) subgrant of $215,000 for the transportation and
off-site disposal of contaminated soil that will be generated during redevelopment at 186
Woodfords Street, Portland, Maine, the Woodbury project site, to support development of a
51-unit senior affordable housing project at this location.

The Greater Portland Council of Governments (GPCOG) is providing a limited amount of
Brownfields assessment funding to support certain environmental assessment and cleanup
planning activities at the site in support of the project. The cost for these activities exceeds the
amount of funding available through GPCOG.

Before this cleanup work can begin, analytical soil sampling must be conducted in order for the
soil to be characterized and accepted at a licensed receiving facility. The proposed scope of work
is included as a backup to this memo and will be funded by the City’s Brownfields RLF
Post-Closeout Program Income (PCPI), pending approval by the PDC. The current balance of
PCPI is $569,953. If the PDC approves this request, the new PCPI balance will be $544,153.

Utilizing PCPI for this site is both appropriate and advantageous for the following reasons:

 ● Operational Necessity: The PDC has committed Brownfields RLF resources for the
 off-site shipment of contaminated soil. Receiving facilities require analytical
 characterization data before acceptance; this sampling work directly supports the
 RLF-funded cleanup activities.
 ● Regulatory Efficiency: By using PCPI instead of RLF or GPCOG assessment funding, a
 Site-Specific Quality Assurance Project Plan (SSQAPP) is not required. This eliminates a
 30-day regulatory review period, ensuring data is available for the scheduled late-spring
 construction start. GPCOG’s assessment funding will be utilized for other activities in
 support of the cleanup that are less time-critical.
 389 Congress Street, Portland, ME 04101 – www.portlandmaine.gov – (207) 874-8683

 1

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 ●​ Funding Optimization: While the regional entity (GPCOG) has some assessment funds
 available, their funds are insufficient to cover the full scope of work. Furthermore, the
 City does not currently have active assessment funds available.
 ●​ Mission Alignment: As CHOM is a non-profit with limited financial resources,
 providing this support ensures the successful delivery of 51 units of senior affordable
 housing—a high-priority City and regional goal.

PROJECT STATUS SUMMARY

 ●​ Total Project Cost: ~$20 Million.
 ●​ Cleanup Budget: $370,881 for soil excavation, tipping fees, and testing.
 ●​ Community Benefit: Addresses critical housing needs at 50% and 60% Area Median
 Income (AMI) and includes a new public pocket park.

RECOMMENDATION

Staff (Nancy Martin) recommends that the PDC Board approve the use of $25,800 in
Brownfields PCPI funding to facilitate immediate soil sampling for CHOM’s project at 186
Woodford Street. This action bypasses federal review delays and secures the timeline for a
project with demonstrated financial stability and significant public benefit.

ATTACHMENT:

 ●​ TRC Task Order with proposed scope of work




 389 Congress Street, Portland, ME 04101 – www.portlandmaine.gov – (207) 874-8683

 2

 Page 8
 PDC 4.16.2026
 63 Marginal Way, 4th Floor T 207.879.1930
 Item # 3b
 Portland, Maine 04101 TRCCompanies.com



Date: April 9, 2026
To: Ms. Nancy Martin, Business Programs Manager, City of Portland
Proposed Task Order Name: CHOM/The Woodbury – Soil Pre-Characterization Sampling
Proposed Funding Source: PCPI
TRC Project Number: 706702 Original Contract Date: October 9, 2024
 Amended Contract Date: October 9, 2025

At the City of Portland’s (City’s) request, TRC is providing this task order for soil pre-characterization sampling
in support of the Community Housing of Maine (CHOM) redevelopment project known as The Woodbury,
located at 186 Woodford Street in Portland, Maine (Site).

The City is providing a Brownfields Revolving Loan Fund (RLF) subgrant for the transportation and off-site
disposal of contaminated soil that will be generated during redevelopment. Analytical soil sampling must be
conducted in order for the soil to be characterized and accepted at a licensed receiving facility. The proposed
scope of work will be funded by the City’s Brownfields RLF Post-Closeout Program Income (PCPI), pending
approval by the Portland Development Corporation (PDC).

Upon authorization, TRC will perform the activities described below.

Sampling and Analysis Plan (SAP): $4,800
  • Preparation of a SAP for submission to the United States Environmental Protection Agency (USEPA)
 and Maine Department of Environmental Protection (DEP) describing the proposed scope of work.

Soil Pre-Characterization Sampling: $14,700
 • Preparation of a Site-Specific Health & Safety Plan (HASP) for use during field work;
 • Dig Safe pre-marking and notifications to Dig Safe/OK to Dig for utility location;
 • Ground-penetrating radar (GPR) survey at each proposed boring location to pre-clear the areas for
 utilities and subsurface obstructions;
 • Advancement of eight soil borings within the proposed excavation areas; and
 • Collection of four composite soil samples (soil from two borings will be composited into one sample)
 and laboratory analysis of waste characterization parameters, as required by potential soil receiving
 facilities.

Soil Pre-Characterization Summary Report: $6,300
 • Preparation of a summary report describing the sampling efforts and soil analytical results, including
 figures, soil boring logs, data tables, and other information as necessary.

TRC’s estimate to complete this work is $25,800. We will bill you on a time and materials basis in accordance
with our existing contract, referenced above.




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 PDC 4.16.2026
 Item # 6a

 Portland Development Corporation
 Preliminary Draft Operating
 Report FY2026
 For Month Ending
 3/31/2026


Operating transfer from EDF 42,352
 ------------
 Total Funds Available 42,352

 Current Year to Percent
 FY2026 Expenditures Budget Month Date of Budget Balance
 Administrative Services $11,505 $35 10,556 91.8% 949
 Postage $200 171 85.5% 29
 Travel, Training, Meetings $9,000 8,294 92.2% 706
 Contractual Services $8,000 4,778 59.7% 3,222
 Operating Transfer to Fin. $9,647 0 0.0% 9,647
 Advertising $2,500 0 0.0% 2,500
 Auto Expense Reimb. $100 0 0.0% 100
 Printing & Binding $650 490 75.4% 160
 Office Supplies $750 $214 316 42.1% 434

  Total FY2026 Expenditures $42,352 $249 24,605 58.1% 17,747




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 PDC 4.16.2026
 Item # 6b


 FY2026 PDC CASH MANAGEMENT REPORT/Non-Brownfield Program

(Preliminary and Subject to Change)

 UDAG CIP CIP FAME FAME SSBCI TOTAL

 Period Ending: 03/31/2026 271 272 274 277 279

 Unrestricted Loans/Grants Restricted Unrestricted REDLP


Beginning Balance 226,765 392,919 192,051 700,364 19,258 1,531,356


AdditionsMonth Date No Updated MTD YTD MTD YTD MTD YTD MTD YTD MTD YTD


 Principal payments received 4,442 42,458 3,358 27,923 687 10,933 12,333 110,153 - 23,022

 Interest payments received from loans 4,393 28,518 45 594 190 3,094 13,019 48,248 148 23,905



 Interest Income 4,550 6,810 3,773 14,363 8,537



 Other Income/Adjustments - - - 3,431 3,431 -3430.52 (3,431)

 Pass Through From FAME/SSCBI - - -

Deductions

  FAME Annual Admin. Fee; Invoices


  Disbursements - Expenses


  Disbursements - Loans/Grants (1,760) (4,843) (1,638)


Ending Cash Balance (Munis) 233,840 396,322 192,928 724,303 14,338 1,561,730

Less Reserves for: Loans

  Beautification Program (EC0301)

 Transfers not yet recorded (UDAG Int)




Adjusted Ending Cash Balance 233,840 396,322 192,928 724,303 14,338 1,561,730




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 FY2026 PDC CASH MANAGEMENT REPORT - BROWNFIELD PROGRAM

(Preliminary and Subject to Change)

 Brownfield 1 Brownfield 3 Brownfield 10/1/2022 TOTAL

 Period Ending: 03/31/2026 278 281 280 RLF
 Unrestricted Loans/Grants Restricted/Assessments Restricted/Cleanup


Beginning Balance 581,170 4,732 4,376,359 4,962,261


Additions MTD YTD MTD YTD MTD YTD


 Principal payments received 1,837 15,701 - -

 Interest payments received from loans 1,253 12,106 - -


 Interest Income 9,211 - -


 Other Income/Adjustments - - -

 Pass Through From FAME/SSCBI/EPA - - -

Deductions

  FAME Annual Admin. Fee; Invoices


  Disbursements -Other (10,000) (7,562)


Ending Cash Balance (Munis) 574,259 4,732 4,368,797 4,947,788

Less Reserves for:

Reserve For Commitments (4,307) (4,237,174)

  Fund 280 Reserve for Administration

Adjusted Ending Cash Balance 569,953 4,732 131,623 706,307




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 Portland Development Corporation
 Schedule of Loans Receivable
 For Month Ending March 31, 2026

 ----Committed/Disbursed Funds-----
 Date Maturity Original Not Yet Total Outstanding
Case ID Account No. & Name of Loan Date Loan Disb. Disb . Princ. Bal.
 --------------------------- ---------- ---------- -----------  ------- -------- ------------
 Portland Business Fund 271 (UDAG/Unrestricted):
 30124 Rosemont Market, Inc. 8/8/2019 9/1/2029 $150,000 0 $150,000 $46,475
 30179 Forefront Brick South, LLC 11/18/2016 12/1/2026 $100,000 $0 $100,000 $14,998
 30400 Friends and Family 3/10/2023 4/1/2027 $50,000 $0 $50,000 $18,540
 30423 Longfellow Property, LLC 6/26/2023 7/1/2030 $200,000 $0 $200,000 $192,424
 30514 Longfellow Property, LLC 5/6/2024 7/1/2031 $182,688 $0 $182,688 $175,363
 30681 Health Resonates 11/13/2025 11/1/2030 $125,000 $0 $125,000 $115,499
 Sub-Total PBF (UDAG) $563,298

 Portland Business Fund 272 (Restricted - CIP):
 30568 Cultivating Community 10/17/2024 11/1/2026 $80,000 $0 $80,000 $20,300
 Sub-Total PBF (Bonds/CIP Restricted)

 Portland Micro Capital Fund 271 (UDAG/Unrestricted):
 30250 Portland Trading Co. LLC 4/26/2013 8/1/2018 $15,000 $0 $15,000 $2,084
 $2,084
 Sub-Total Micro Capital Fund

 Portland Business Fund Fund 274 (CIP/Unrestricted):
 30062 On Time Transportation 3/26/2018 4/1/2023 $10,000 $0 $10,000 $790
 30070 Emerson, James (C19RR[Brick Trust]) 5/21/2021 6/1/2023 $10,000 $0 $10,000 $10,000
 30075 Dos Naciones LLC 3/3/2021 3/1/2023 $5,000 $0 $5,000 $5,000
 30316 Rankin WA, LLC 2/28/2022 2/1/2024 $5,000 $0 $5,000 $1,330
 30400 AAA Rue Marchie, d/b/a Timber 3/28/2023 4/1/2028 $40,000 $0 $40,000 $31,428
 30606 Luna, LLC 3/19/2025 11/1/2032 $69,000 $0 $69,000 $69,000
 Sub-Total PBF (Bonds/CIP Unrestricted) $117,548

 FAME Fund 277:
 30198 Auto-Care, LLC 2/5/2016 3/1/2021 $32,500 $0 $32,500 $18,667
 30061 Forefront Brick South, LLC 11/18/2016 12/1/2026 $250,000 $0 $250,000 $38,797
 30127 Gallery Acquisition Co. Inc. 5/16/2019 6/1/2026 $75,000 $0 $75,000 $8,540
 30125 Zootility Co. 8/7/2019 9/1/2024 $150,000 $0 $150,000 $122,197
 30416 Forefront Partners I, LP 5/31/2023 5/31/2033 $200,000 $0 $200,000 $158,535
 30530 Biodiversity Research Institute 8/22/2024 10/1/3031 $250,000 $0 $250,000 $242,668
 30536 Blackbird Baking, d/b/a Two Fat Cats 10/1/2024 11/1/2031 $40,000 $0 $40,000 $34,876
 30591 Salud Studios 11/19/2024 12/1/2030 $137,500 $0 $137,500 $111,405
 30605 Lebel Holdings, LLC 3/20/2025 5/1/2035 $200,000 $0 $200,000 $196,020
 30107 Biodiversity Research Institute 3/26/2021 4/1/2026 $200,000 $0 $200,000 $163,902
 30086 Driscoll Child Dev. Center 5/5/2021 6/1/2026 $60,000 $0 $60,000 $25,578
 30085 Flores Restaurant LLC 6/9/2021 7/1/2026 $38,000 $0 $38,000 $9,369
 30071 Wynsum, LLC 11/5/2021 12/1/2026 $131,250 $0 $131,250 $117,352
 30068 688 Forest Ave., LLC 12/21/2021 1/1/2027 $168,000 $0 $168,000 $147,666
 30527 Another Round 6/5/2024 8/1/2029 $225,000 $0 $225,000 $220,529
 30592 Yardie Ting 11/14/2024 12/1/2029 $45,000 $0 $45,000 $36,987
 30624 Kehben Grier 5/1/2025 1/1/2033 $80,000 $0 $80,000 $75,315
 30655 Reo Miyake LLC 9/18/2025 11/1/2030 $100,000 $0 $100,000 $99,355
 30654 Coco Miyake LLC 9/18/2025 11/1/2030 $100,000 $0 $100,000 $99,355
 30658 Eduardos Brazillian Grill One 9/25/2025 11/1/2030 $22,500 $0 $22,500 $22,376
 30686 Nash & Co. 1/30/2026 3/1/2031 $35,000 $0 $35,000 $34,038
 30656 Maine Foot and Ankle 9/25/2025 11/1/2035 $49,999 $0 $49,999 $50,000
 30683 Bachelder Holdings, LLC 12/18/2025 2/1/2033 $85,000 $0 $85,000 $83,597
 Sub-Total FAME $2,117,122

 FAME GROW ME SSBCI 279
 30647 Eduardos Brazilian Grill One 9/25/2025 11/1/2030 $22,500 $0 $22,500 $22,376
 30649 Maine Foot and Ankle 9/25/2025 11/1/2035 $50,000 $0 $50,000 $50,000
 $72,376

 DOWNTOWN FUND 263:
 30636 Another Round 8/22/2025 10/1/3030 $8,000 $0 $8,000 $6,733
 Brownfields Loan Fund 278 and 280
 30515 Forefront Partners I, LP/Fund 280 5/31/2023 4/30/2033 $200,000 $0 $200,000 $186,050
 30072 Forefront Partners I, LP/Fund 280 4/12/2018 1/1/2032 $350,000 $0 $350,000 $293,397
 Sub-Total Brownfields $479,447


 Grand Total Loans $4,346,937 $0 $4,346,937 $3,378,908
 Allowance for uncollectable loans at 15% $506,836
 Total with Allowance for uncollectable loans: $2,872,072




 Page 13