Crossroads Impact Corp.
CRDS
NASDAQ1.90
USD
-0.23
- -
Crossroads Impact Corp.
CRDS
(NASDAQ)
Recent
price
1.90
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Crossroads Impact Corp is a holding company specializing in investing in businesses that promote economic vitality and community development, with a focus on providing equitable access to capital for underserved and underbanked communities. Its primary business activities include impact lending and investment through its subsidiaries and affiliates. The company's core products and services encompass long-term, fixed-rate single-family mortgage loans supporting Hispanic homeownership through its subsidiary Capital Plus Financial LLC, an accredited Community Development Financial Institution (CDFI) and certified B Corporation. Additionally, Crossroads holds equity interests in Rise Line Business Credit, LLC, which offers asset-based working capital lending solutions tailored to small and midsize companies, especially those in asset-heavy sectors such as manufacturing. The company is also active in environmental and socially responsible lending, targeting minority individuals and small businesses primarily in the United States, with operational emphasis in urban areas of Texas. Recent major developments include a $180 million equity investment from funds managed by P10 and Conversant Capital, enhancing Crossroads’ capital base significantly with a stated pipeline of $500 million in impact loans concentrated on underserved communities. The company has expanded a strategic partnership with Enhanced Capital Group and is finalizing a $150 million debt facility led by Texas Capital Bank to bolster its lending capabilities. These financial moves support Crossroads’ strategic objective to scale its specialty finance platform with a focus on climate finance, impact real estate, and small business lending. Crossroads also completed a merger with Rise Line Business Credit, broadening its product offering to small and midsize businesses and diversifying its financing solutions beyond traditional banking sectors. Moreover, through collaborations with entities like Capital Plus Financial and Cenerus, Crossroads aims to provide innovative Community Reinvestment Act (CRA) service solutions to banks to improve commercial banking performance and market impact. Founded before 2017 and headquartered in Dallas, Texas, Crossroads Impact Corp operates primarily across the United States, targeting minority-owned businesses and economically disadvantaged communities. Its business segments include impact finance, real estate lending, and community development financial institutions, operating through subsidiaries like Capital Plus Financial LLC and Rise Line Business Credit. The company’s recent strategic initiatives underscore its commitment to environmental, social, and governance (ESG) goals and sustainable economic growth, underpinning its role as a leading impact lender and specialty finance platform for underserved markets.