- Flexible repayment terms
- Long term fixed interest rates
- Loan to value up to 90%
Funding Uses & Purposes
- Hard construction costs
- Renovation costs
- Soft costs related to the above items
Borrowers constructing an industrial project housing a single tenant, multi-tenant or small business incubator facility containing one or more of the following types of businesses:
- Advanced materials
- Agriculture and food processing
- Alternative energy
- Business support centers
- Life Sciences
- National or regional headquarters
- Research and development
Borrowers are also eligible for a commercial project housing at least two for-profit businesses employing a combined 20 or more full time positions.
Multi-use buildings combining first floor commercial with upper floor residential space are permitted.
Projects should be located in or adjacent to the City of Lancaster and other boroughs throughout Lancaster County.