Excerpt from: Commercial Real Estate Loan Tips
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| February 05, 2008 | | This Government Guaranteed Loan Program is For Communities of Less Than 50,000 | There is a very attractive new commercial loan program for commercial properties located in rural areas. The Department of Agriculture guarantees these loans, up to 90%, in a manner similar to that of the SBA.
The important difference is that these properties can even be investor properties, such as apartments! The Department of Agriculture will also guarantee loans on most rural commercial buildings, medical clinics, and other special-use properties.
The property must be located in a town of less than 50,000 in population. The maximum loan is $10 million.
If you need such a loan, please call David Painter at United Western Bank at 503-481-4528 (cell) or 503-535-8808 (office) or email him at dpainter@uwbank.com
And would you please be sure to remind him that the deal came from C-Loans? Thanks!
| Topic Tags: business and industries loans, commercial financing, commercial loan, commercial loan rates, commercial loans, commercial mortgage, commercial real estate loan, commercial real estate loans, Department of Agriculture loans, rural commercial loans, rural facilities loans, rural loans |
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