URGE Group has selected Broadstreet Impact Services to provide fund administration and loan servicing support for its place-based investment strategy focused on emerging developers and economic opportunity in underserved Detroit communities.
The partnership will support URGE Group’s efforts to expand access to flexible capital, strengthen local partnerships, and advance development initiatives across Detroit neighborhoods. Broadstreet’s services include fund accounting, treasury management, loan servicing, and audit support for mission-driven investment funds.
To date, URGE Group has supported more than $300 million in development activity throughout Detroit. The company said its work has directly benefited approximately 57,000 people, helped develop more than 800 homes, and created 3,000 jobs since its founding in 2012. The firm has also partnered with more than 50 organizations spanning the public, private, and philanthropic sectors.
URGE Group said the collaboration aligns with its broader mission of building sustainable communities and expanding equitable wealth opportunities through innovative capital strategies and development execution.
Broadstreet Managing Director Chris Rakers said the company sees strong alignment with URGE Group’s community-centered development approach and future fundraising plans.
Roderick Hardamon, CEO and founder of URGE Group, said Broadstreet’s combination of institutional-grade fund administration capabilities and commitment to mission-driven investment managers made the company a strong strategic fit.
Founded in Detroit, URGE Group operates as a real estate advisory, development, and investment platform focused on neighborhood revitalization, local economic growth, and scalable investment models designed to strengthen communities.
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“We’re thrilled to partner with the talented team at URGE Group. Their reputation as a trusted partner in community-centered development make them a great fit for Broadstreet, and we’re excited to scale with them as they continue to grow and raise capital for new fund strategies.”
Chris Rakers, Managing Director, Broadstreet Impact Services
“Broadstreet brings a rare combination of institutional-grade fund administration infrastructure and a genuine commitment to partnering with mission-driven managers. That alignment matters to us.”
Roderick Hardamon, CEO & Founder, URGE Group
