Up to $10 MILLION DOLLARS in New Business Loans
Available Through partnership with PNC Bank
through National Black Wall Street Chicago/Black Wall Street Chicago 47th Street District Outreach
Only SERIOUS Business Inquiries !!!
NATIONAL BLACK WALL STREET CHICAGO/PNC BANK
DO YOU OR KNOW SOMEONE THAT MIGHT WANT 2.4% to 3.4%
7 year MONIES TO GROW or REFINANCE ALL OR PART OF THEIR BUSINESS?
Illinois Value Advisor Fund (managed by Baker-Tilly) was awarded a NMTC allocation to fund no less than $10MM in small dollar ($2MM or smaller) projects. PNC will be the investor.
The $2MM loan could be part of a larger relationship or larger debt suite and may be used for refinance.
Unlike traditional NMTC's, the NMTC investment takes the form of a low interest rate loan that is subordinated to the PNC levered loan.
The rate is subsidized.
Typical structure: Maximum Loan = say UP TO 90% LTV (TARGET 75% TO 85%)
IVAF Exposure: $600,000 @ 2% / 7 year int only
PNC Exposure: $1,400,000 @ 3.5% to 4% / 7 year with say 15/25 year amortization outside of QEI
Blended Rate: 2.4% to 3.4%
The target client here would be a small or mid sized commercial or health care or grocer business and the exposure supported by owner occupied property or equipment. Qualified loans must be in state of Illinois.
The key is that these will be small loans with truncated NMTC complexity.
Baker-Tilly will absorb most of the legal costs and use standardized documents (proposed PNC docs with a NMTC addendum).
Ideal projects:
Neighborhood retailers or grocery stores,
Manufacturing
Distributing
Equipment Loans
Health care
Incubators
APPLY RIGHT NOW !!!!!
1. Organization/Business Name
2. Proposed project sources and uses
3. Proposed project description
4. Management team and biographies
5. 2 years of tax returns
Mark S. Allen,
Chairman/Chief Operating Officer
National Black Wall Street Chicago
4655 South King Drive, Suite 203, Chicago, Illinois 60653
773-268-6900 or direct
773-392-0165
E-Mail markallen@blackwallstreet.org
Available Through partnership with PNC Bank
through National Black Wall Street Chicago/Black Wall Street Chicago 47th Street District Outreach
Only SERIOUS Business Inquiries !!!
NATIONAL BLACK WALL STREET CHICAGO/PNC BANK
DO YOU OR KNOW SOMEONE THAT MIGHT WANT 2.4% to 3.4%
7 year MONIES TO GROW or REFINANCE ALL OR PART OF THEIR BUSINESS?
Illinois Value Advisor Fund (managed by Baker-Tilly) was awarded a NMTC allocation to fund no less than $10MM in small dollar ($2MM or smaller) projects. PNC will be the investor.
The $2MM loan could be part of a larger relationship or larger debt suite and may be used for refinance.
Unlike traditional NMTC's, the NMTC investment takes the form of a low interest rate loan that is subordinated to the PNC levered loan.
The rate is subsidized.
Typical structure: Maximum Loan = say UP TO 90% LTV (TARGET 75% TO 85%)
IVAF Exposure: $600,000 @ 2% / 7 year int only
PNC Exposure: $1,400,000 @ 3.5% to 4% / 7 year with say 15/25 year amortization outside of QEI
Blended Rate: 2.4% to 3.4%
The target client here would be a small or mid sized commercial or health care or grocer business and the exposure supported by owner occupied property or equipment. Qualified loans must be in state of Illinois.
The key is that these will be small loans with truncated NMTC complexity.
Baker-Tilly will absorb most of the legal costs and use standardized documents (proposed PNC docs with a NMTC addendum).
Ideal projects:
Neighborhood retailers or grocery stores,
Manufacturing
Distributing
Equipment Loans
Health care
Incubators
APPLY RIGHT NOW !!!!!
1. Organization/Business Name
2. Proposed project sources and uses
3. Proposed project description
4. Management team and biographies
5. 2 years of tax returns
Mark S. Allen,
Chairman/Chief Operating Officer
National Black Wall Street Chicago
4655 South King Drive, Suite 203, Chicago, Illinois 60653
773-268-6900 or direct
773-392-0165
E-Mail markallen@blackwallstreet.org
https://theblacklist.net/
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