Commercial Real Estate


PIDC provides a range of financing solutions for the acquisition, renovation, and new construction of owner-occupied and investment real estate projects. We can even finance the fit-out of commercial owner-occupied or third-party tenant space.  

PIDC can often help fill critical funding gaps, including partnering with commercial banks or subordinating to senior lenders. Even if you’ve been turned down by a traditional lender, we encourage you to contact us. To understand your business beyond the numbers, PIDC takes a holistic approach to help you access the capital your business or project needs to thrive while supporting you to build capacity with knowledge and resources.


PIDC has financing resources to serve the unique needs of businesses, nonprofits, and real estate developers, including those that are BIPOC (Black, Indigenous, and people of color)-, women-, veteran-, immigrant-, disabled-, and LGBTQ+ owned and operated.  

Find out how we can connect you to the capital or information you need to grow.


PIDC lends to for-profit or nonprofit entities undertaking a commercial real estate project within the city of Philadelphia. Projects need to have a non-residential portion to qualify for PIDC lending. Generally, business applicants will need at least two years of operations, and developers will need a demonstrated track record of two prior projects to be a good fit. 

Our commercial real estate financing can be used towards a variety of commercial, industrial, retail, hospitality, and mixed-use projects.  

PIDC has financing resources to serve the unique needs of businesses, nonprofits, and real estate developers, including those that are BIPOC (Black, Indigenous, and people of color), women-, veteran-, immigrant-, disabled-, and LGBTQ+ owned or led.

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PIDC’s loans can fund:

  • Property acquisition
  • Pre-development
  • Environmental remediation
  • New construction
  • Building renovations
  • Tenant improvements
  • Energy efficiency improvements
  • Soft costs, such as legal, accounting, engineering, architectural fees, permits, appraisals, and other related expenditures
  • City and State grant receivables

In addition to our typical lending products, PIDC has creative financing tools, including New Markets Tax Credits and EB-5 financing for project budgets starting at $5 million. As an economic development corporation, PIDC also has access to public resources to support our clients, including Pennsylvania Industrial Development Authority (PIDA) and US Department of Housing and the Urban Development (HUD) Section 108 Loan Guarantee Program.


The first step in the PIDC lending process is to submit an inquiry to PIDC online.  

You will provide initial information about your commercial real estate project through our website, and a member of our team will contact you directly to discuss your loan request. 

If there is a good fit with PIDC’s loans, you will complete a full application and proceed through a thorough but flexible underwriting and due diligence process. The PIDC team will work with you and answer your questions at each step of the process. PIDC can be your primary lender or work in partnership with a commercial bank or other lender to meet your financing needs. 

If at any point in the process PIDC is not the right match for your request, our team will direct you to specialized business support services or partner lenders that may be able to support you with access to capital.


PIDC invests flexible, affordable capital in growing companies because we know that local businesses create jobs, build wealth for entrepreneurs, and support neighborhood growth. Let us help your business grow