MOBILE, AL – RePurpose Capital announced they have closed a loan with Porchlight, LLC that will help bring the famed Ace Theater back to life. Located in Mobile, Alabama, the historic building has been vacant for more than half a century but remains the last surviving segregation-era movie theater that served all-Black audiences in the city.

GADSDEN, AL — RePurpose Capital, a new nonprofit loan fund and subsidiary of the National Trust for Historic Preservation, has closed its first loan to support the restoration of the historic Gadsden Coca-Cola Bottling Plant—a nearly 100-year-old landmark that is once again serving the community of downtown Gadsden.