BerksIDA Agenda April 13, 2026
IDA Weighs $1M Bridge Loan to Shuman Development
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Description
The Berks County Industrial Development Authority is set to consider a $1 million bridge loan to Shuman Development Group or an affiliate for a 120-day term. The financing would follow terms outlined in the Executive Director’s April 2026 memorandum.
Contract Details
Contract Amount
$1M in bridge financing
Vendor
SHUMAN DEVELOPMENT GROUP
Agency
Berks County Industrial Development Authority, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
120 days
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Related Contracts
BerksIDA Board Meeting Minutes November 10, 2025
AUTHORIZEDBerks County Industrial Development Authority Meeting Minutes August 2023
APPROVEDCity of Reading Committee of the Whole Meeting Minutes February 2023
TABLEDIssuing Agency
Berks County Industrial Development Authority
Special District
Reading, PA
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