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Where Capital Meets Community Growth
The Memphis Medical District Investment Fund is a $30 million capital fund dedicated to supporting the development of residential and mixed-use projects. The Fund brings catalytic capital to the Medical District to facilitate redevelopment and new development to advance the district’s growth and long-term sustainability. Since 2021, Pathway has deployed over $20MM to support $140MM in total project costs.
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Impact where it matters
click a marker or use the dropdown to learn morefund focus
Delivering catalytic capital to the Memphis Medical DistrictThe purpose of MMDIF is to fill funding gaps for financially viable projects developed by experienced or emerging developers unable to secure a complete financing package.
Commercial real estate
Mixed-use commercial real estate
Adaptive reuse and preservation
Loan sizes typically range from
$500K - $3MM
This fund utilizes mezzanine financing, typically subordinated debt covering the gap between secured first mortgage lender and equity investors with terms of 5 years or less.
Project in motion
Bellevue Montgomery
New ConstructionRising in Memphis’s Crosstown neighborhood, Bellevue Montgomery is a 23-unit townhome development designed to expand access to attainable home-ownership for working families in the city’s growing Medical District. As the area continues to see rapid growth, the need for “missing middle” housing has become more urgent, with limited options for families seeking quality homes at attainable and affordable price points.
To help meet that need and move the project forward, financing from Pathway Lending supported the development of Bellevue Montgomery, making it possible to bring new housing options to the community. Now under construction and expected to open in 2026, Bellevue Montgomery will provide opportunities for more families to put down roots, strengthen the neighborhood, and support the continued growth of Memphis’s Medical District.
16,274
square feet
23
residential units
$2.5MM
mmdif loan$3.6MM
total project costsThe team transforming the medical district
Project Types
Loan to value
We may finance up to 140% of the value of the underlying asset(s) for which the borrower requests the loan funds.Debt service coverage
We require borrowers have sufficient cash flow to cover debt payments at least 1.15 times after covering operating expenses.Financial Capacity
Meaningful equity and demonstrated readiness to make typical project guarantees.Made possible through partnership with
