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Program RI1 Lending Trust
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| Lender |
European Fund
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| Term |
Up to 10 years |
| Rate |
Variable 5.5%, Fixed 6% |
| Loan to Value Ratio |
Can be up to 100% of the cost/value. Applicant is required to deposit with the lending bank, under duel signatures, in cash, 10% of the loan sum at contract signing. |
| Equity Requirements |
Fund will retain 30% equity in Applicant's project as security until the debt is repaid |
| Payments |
Interest only for up to 3 years. Principal and interest payments apply thereafter |
| Early Commitment |
Yes |
All Applications Must Be Submitted In English
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