The Mosaic Opportunity Zone Fund is a project-driven fund investing in Golaski Labs, a $7.2 million, 40,000 square foot planned mixed-use development located at the corner of Wayne Avenue and Apsley Street, a visible corner on a commercial corridor in Wayne Junction, Philadelphia. The site is the former Dacron blood-vessel replacement manufacturing factory located at 4537 Wayne Ave.
Mosaic Development generally combines tax credits, grants and debt to support the development of their projects. Since the Project will utilize New Markets Tax Credits (“NMTC”) and take advantage of the newly enacted Opportunity Zones, the legal structure is complex. To provide for this structure, Mosaic Development created several entities. There are two companies that investors may invest in. Depending on investors’ personal finances, they may invest in the Reg CF offering and purchase limited liability company interests in Mosaic 4537 or invest in the Reg D (506(c)) offering and purchase limited partnership interests in Mosaic Opportunity Zone Fund, LP (“Mosaic OZF”), or invest in both offerings.