USDA Rural Economic Development Loan & Grant Program ("REDLG") Business & Industry Loan Guarantee Program Financing

If you are seeking to develop a commercial real estate project in a USDA qualified rural service area, then your project may qualify for loan insurance under the Business & Industry Loan Guarantee Program sub-title of the Rural Economic Development Loan & Grant Program - or "REDLG" the USDA administers.  Known as the "B&I Program", this title allows the federal government to provide a commercial lender, mortgage banker or savings and loan association with loan insurance in the event of foreclosure.  This means the lender is insulated from loss, but the borrower is not.

The typical arrangement is for a construction and perm/mini-perm mortgage loan having a 70% LTV ratio the lender funds in the primary market (established credit lines, private placement, conduit, etc.), services and holds.  The borrower has an initial application that is screened through the local extension office where the project is located and that means a complete due diligence documentation set is going to end up being required to close escrow.  This would include:

To get your project started you need to complete the initial feasibility analysis and applications package and that means you need to have Rainmaker Marketing Corporation prepare the package as due diligence and feasibility studies are a core discipline and specialty of our firm.  Give us a call.

About Rainmaker...

Rainmaker Marketing Corporation is the brainchild of Clint Lovell, a seasoned business finance consultant with more than 20 years experience.  Rainmaker is a B2B consulting firm that was incorporated in 1994 for the purposes of providing market feasibility studies to businesses seeking capital financing in the commercial and institutional markets.  Today, Rainmaker Marketing Corporation provides a comprehensive array of due diligence documentation services for most major industry groups.  Rainmaker Marketing Corporation also provides syndication management services for fractional commercial real estate syndicates that can provide mezzanine gap funding for income-producing commercial property developments as early as the pre-construction phase.  Rainmaker Marketing Corporation serves clients throughout North America and the Caribbean Basin.

Rainmaker Marketing Corporation, Inc.

15519 Dawnbrook Drive, Houston, Texas 77068

281.537.1200  

consultants@rainmakermarketing.com