The 100 Mile Fund is pleased to announce it has provided a $7,000,000 revolving credit facility

The loan is being utilized to finance the horizontal construction of 1230 Route 100 North (the “Property”) and subsequent vertical construction of 98 townhomes. The existing property is a vacant 15.02 acre parcel of land situated between Route 100 North, or PA 100, on the East and single-family homes on the West. The site is within minutes of two of the top three largest employers in Lehigh Valley – Lehigh Valley Hospital and Air Products, Inc. – and is surrounded by millions of square feet of Office, Commercial, and Industrial space. The proposed development will consist of 98 market-rate two and three-story townhouse units with an approximate average size of 2,264 square feet – based upon a 2018 appraisal’s determined mix.

The townhouse units will be constructed by Ashley Development Corporation based out of Bethlehem, PA. Founded in 1989, Ashley Development has become a leading real estate development firm known for mixed-use projects in urban areas and the adaptive re-use of existing structures. In addition to working with a successful and local developer, 100 Mile