Berks County Industrial Development Authority Meeting Minutes August 2023
Bridge loan financing approved for Shuman Development Group
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Description
The Berks County Industrial Development Authority approved lending up to $600,000 as part of a joint bridge loan to Shuman Development Group to support its acquisition of the Penn State Health downtown Reading Campus. Specific loan terms and schedule were not included in the minutes.
Contract Details
Contract Amount
Up to $600,000 (bridge loan financing)
Vendor
SHUMAN DEVELOPMENT GROUP
Agency
Berks County Industrial Development Authority, PA
Contract Type
FINANCIAL_SERVICES
Document Date
August 30, 2023
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BerksIDA Agenda April 13, 2026
PENDINGBerksIDA Board Meeting Minutes November 10, 2025
AUTHORIZEDCity 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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