Industrial Park Fund
loans are provided through EDC Finance Corporation in conjunction with the Pennsylvania Industrial Development Authority (PIDA) to assist developers acquiring land for the purpose of an industrial park development project.
- Below market interest rates
- Flexible repayment terms
- Long term fixed interest rates
Funding Uses & Purposes
- Land acquisition
- Soft costs related to land acquisition
Borrowers acquiring land for the purpose of developing an industrial park.
EDC Finance will provide a PIDA Industrial Park Fund loan in an amount up to 75% of eligible land and related soft costs with a required sole first mortgage or shared first mortgage on the project land. The remaining project financing may come from a commercial bank or borrower injection with a maximum 80% loan to value on real estate.