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Acme Structure X Inc.

The Corbit Brothers building, owned by Acme Structure X Inc., is a gem in downtown Reading’s Callowhill Historic District.  The building was built more than 100 years ago and is one of the few terra-cotta facade buildings still remaining in downtown Reading, PA.   This historic building represents a high point in commercial architecture from the early 20th century and cannot be replaced once lost.  The Corbit Brothers building was vacant for many years; Shuman Development Group bought the building and invested in the building to bring it back to its original grandeur, utilizing Historic Tax Credits and long-term financing from Community Lenders.  As a building on the National Register of Historic Places, Shuman Development Group followed a multi-step approval process, which was managed by the National Park Service, to obtain the tax credits to invest in the rehabilitation and re-use of the building.  The building now has the best indoor parking garage in the city, it is heated, two-story, 50-car garage with dual-security access doors and there is 12,000 square feet of office space.

Filed Under: Community Development Loans, News

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Community Lenders CDC

120 East Broad Street
Suite 2
Souderton, PA 18964

215-799-1340

Audrey McMichael 
(Executive Director)

Residential Loans

NewCourtland

We provide 30-year financing for low and middle-income housing projects (not to individual homeowners).

Community Development

We provide 25 year financing for non-profits for facilities that will contribute to the area’s development and economic well-being.

Mixed Use Loans

The Brandywine CenterFor facilities that offer both housing and community development activities, we provide 25 or 30 year loans.

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