Community Investment Management
600 Montgomery StreetSan Francisco, CA 94111
Website: cim-llc.com
Firm Size
- Assets Under Management (AUM):$892 Million
- Number of Funds:2
- Employees:25
- Firm Type:Hedge Fund
Description
Community Investment Management LLC (CIM) is a San Francisco-based investment firm specializing in lending to businesses that have a positive social impact. Founded in 2012 by Jacob Haar and Jonathan Gass, CIM offers financing solutions to small and medium-sized enterprises (SMEs) that often go underserved by traditional banks. CIM uses data analytics and technology to assess creditworthiness and make loan decisions efficiently. The company focuses on industries such as affordable housing, clean energy, education, and healthcare, aiming to support organizations that provide essential services to underserved communities. CIM's investment approach involves sourcing funding from institutional investors and deploying it through various funds. These funds provide debt financing to SMEs, helping them grow and expand their operations. CIM's loans typically have flexible terms and competitive rates, empowering businesses with access to affordable capital. As an impact-driven firm, CIM emphasizes responsible lending practices and ensures that the organizations it supports have a measurable positive impact on society. The company aims to generate both financial returns and social benefits, aligning investors' capital with their values. Since its inception, CIM has been successful in mobilizing over $900 million in capital to support over 500 borrowers across the United States. By providing access to capital for impactful businesses, CIM plays a vital role in promoting economic development and addressing social inequalities. Overall, Community Investment Management LLC is a San Francisco-based investment firm that leverages technology and data analytics to provide loans to socially responsible organizations. With a focus on sectors that directly benefit underserved communities, CIM aims to generate positive financial returns while improving social outcomes.Latest News
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Oct 12, 2023: Global Neobank, Zolve Secures $100 Million Warehouse Debt Facility to Expand Financing of US Immigrants
Zolve , a cross border neobank helping immigrants across the world gain access to financial services, is proud to announce that it has secured a warehouse debt facility of up $100 million from Community Investment Management (CIM). This milestone marks another significant step forward in Zolve's mission to ensure the seamless movement of people and money across countries.
Sep 19, 2023: Flex Raises $120 Million in Equity and Debt, Launching Finance Super App for Business Owners
Flex , formerly known as Flexbase, today announced the closing of a $120M Series A debt and equity funding round, which includes debt financing from CIM with an agreement to fund up to $100M , and $20M in equity capital led by Florida Funders with participation from Home Depot Ventures ™ , MS&AD Ventures, Companyon Ventures and others. In addition to the funding news, the company has launched its Flex Credit Card, Flex Banking and finance super app for business owners to streamline the finance back office of businesses and accelerate their growth.