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  • detail image of project

    $1.3 MM Loan Supports Property Improvements to a Key Community Recreational and Entertainment Facility

  • detail image of project

    $1.3 MM Loan Supports Property Improvements to a Key Community Recreational and Entertainment Facility

  • detail image of project

    $1.3 MM Loan Supports Property Improvements to a Key Community Recreational and Entertainment Facility

  • detail image of project

    $1.3 MM Loan Supports Property Improvements to a Key Community Recreational and Entertainment Facility

  • detail image of project

    $1.3 MM Loan Supports Property Improvements to a Key Community Recreational and Entertainment Facility

  • detail image of project

    $1.3 MM Loan Supports Property Improvements to a Key Community Recreational and Entertainment Facility

  • detail image of project

    $1.3 MM Loan Supports Property Improvements to a Key Community Recreational and Entertainment Facility

  • detail image of project

    $1.3 MM Loan Supports Property Improvements to a Key Community Recreational and Entertainment Facility

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Let it Roll Bowl – Phoenix, AZ

Clearinghouse CDFI (CCDFI) provided $1,300,000 in financing to Let It Roll Holding, LLC for the acquisition and improvements to Let it Roll Bowl & Entertainment Center. This loan facilitates the purchase of the property and funds crucial improvements, including roof repairs and AC unit replacements.

Let It Roll Bowl (Let it Roll) is a popular local bowling alley and entertainment center in Phoenix, AZ. Let It Roll has been a fixture in the community since its establishment in 1961. Covering a spacious area of over 32,000 square feet with 32 bowling lanes, shoe rentals, space for parties and corporate events, and is complemented by an in-house bar and restaurant. This loan enables the purchase of the property and supports significant renovations aimed at enhancing customer experience and operational efficiency. The center has shown a deep commitment to reinvesting in the facility, focusing on both business growth and community engagement. The financing from CCDFI plays a pivotal role in ensuring the center continues to be a vibrant hub for recreation and community events.

Since 2010, Stacy Anderson and his father, Oscar Alexander, owners of Let it Roll Bowl, have continuously strived to improve and contribute to the local community. Their mission aligns with fostering a sense of belonging and providing entertainment that resonates with families and individuals alike, embodying the essence of the American dream.

Read the full story here: Just Funded – Let it Roll Bowl

Today marks the moment of my dream coming true! I can't express enough of my excitement or the mountains of appreciation and thanks to you believing in me and extending this gracious opportunity! A big thanks to CCDFI and the whole team! Lisa was truly amazing on all levels as she continued by my side walking me through all the needed things to make it happen. She was latterly my cheerleader and coach through this process. Thank you for putting that in place. I have so many thank yous but would probably fill your phone up! I look forward to the continued build for the future.
- Stacy Anderson, Owner, Let it Roll Bowl
Financing Provided:
$1,300,000
Location:
Phoenix, AZ
Impact:
Enhances a key community recreational and entertainment facility and contributes to local economic activity
Purpose:
Facilitates the acquisition of the Let it Roll Bowl property and provides critical funding for essential infrastructure improvements, including the installation of a new roof and replacement of AC units
Year Funded:
2023
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