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CDF launches five grants and loans products
designed to support local residents, businesses and developers expand and
invest in the Rainier Valley . Below is a list of five programs designed to
help you contribute to the economic growth of southeast Seattle.
Business Lift Subsidy
Grant
The purpose of this
product is to help a small business pay for the interest costs on a business
loans for working capital.
Business Expansion and
Incentive Loan
The purpose of this loan product is to
encourage credit worthy business borrowers to start-up a Rainier Valley
business, upgrade or expand an existing business, or to relocate a business
to the Rainier
Valley.
Real Estate Financing
Loan
This loan product provides gap financing for real estate development
projects in the CDF Investment Area. It fills a gap in available
subordinate debt, and offers a low interest rate.
Site Assembly Loan
The Site
Assembly loan product fills a market gap by easing the carrying costs of
land acquisition during the site assembly and pre-development phases of a
development project. The CDF will lend money to a developer to acquire a
development site, and the loan payments will be interest-only for the term
of the loan.
Site Assembly
Interest Subsidy Loan
This product is designed to help only non-profit developers carry the high
costs of acquiring and assembling land in the Rainier Valley by providing a
low-cost source of funds to pay interest costs on a site acquisition loan.
Please contact us
today if you might be interested in one of these loans at 206-722-5280.
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