Latino-owned and -operated, Patrium used loan funds from the Build Fund to acquire a building for their headquarters on the far northeast side of Indianapolis and are on track to create seven new jobs. Patrium specializes in design-build, general contracting, and construction management in the Central Indiana area. They offer a wide variety of multi-family, commercial, and residential construction services.
“We feel that we have built a long-lasting relationship with Renew and the Build Fund,” says Steve Hernández Sandoval, VP of Patrium. “For the purchase of our first commercial property, we are grateful for their guidance through the application and acquisition process. Evan and Alex at the Build Fund consistently put our best interests first through the acquisition process. They promptly and expertly answered our questions about surveys, pro forma budgets, and closing. Instead of focusing on the minutiae of buying real estate, they made it easy for us to focus on the vision for our new property.”
The Build Fund offered business support services before and during the building acquisition process. Patrium, the Build Fund’s first Latino borrower, also works with Renew Indianapolis to rehabilitate single-family homes for sale for affordable housing units.
If you would like to start or expand your Indianapolis-area business, the Build Fund, operated by Renew Indianapolis, may be able to connect you to flexible, affordable, and responsible financing for your business. Start the process now!