Philadelphia Industrial Development Corporation (PIDC), Senior Vice President & Chief Credit Officer, Financial Services
Lawrence McComie serves as a Senior Vice President and Chief Credit Officer of the Financial Services Group at the Philadelphia Industrial Development Corporation, also known as PIDC. He has over 13 years’ experience at PIDC and 34 years of overall commercial lending and real estate finance experience. Mr. McComie currently manages 17 staff members responsible for originating, structuring, underwriting, closing, and asset managing all PIDC’s financial services loan and grant products comprising a $500 million portfolio of loans and investments.
Previously employed at Wells Fargo Bank for 21 years, Mr. McComie underwrote a variety of commercial real estate and business loans focused on affordable housing, neighborhood revitalization, and economic development. Many of these projects required multi-layered capital structures, including federal, state, and local government subsidies, private equity, subordinated debt financing, and the Bank’s Low-Income Housing Tax Credit Equity, Historic Tax Credit Equity or New Markets Tax Credit financing.
Mr. McComie also served on the Boards of the Cooperative Business Assistance Corporation in Camden, NJ (2000 to 2005), Philadelphia Urban Finance Corporation in Philadelphia, PA (2010 to 2012), FINANTA (MBE CDFI) in Philadelphia, PA (2012 to 2020), and FINANTA formerly Community First Fund (MBE CDFI/CDE) in Lancaster, PA (2020 to Present). Member of the Philadelphia Accelerator Fund Loan Committee (2022 to Present).