Loan Programs
Commercial Real Estate and Business
The BDC offers a variety of loan financing products for commercial real estate development and small and medium size business development. These are ‘gap’ financing products; meaning they work in conjunction with private equity and private debt to help businesses close the financing for their business growth and expansion.
Urban Redevelopment Authority of Pittsburgh
Business Development
Targeted Businesses:
- Manufacturing firms
- Technology firms
- Professional Services
- Retail and Restaurants
- Commercial Real Estate
Eligible Uses of Funds
Working Capital, machinery and equipment, leasehold improvements, land and building acquisition, construction or rehabilitation, site preparation and related costs
Typical Terms
Amount: up to 40% of eligible costs
Term: 5 – 25 years (to match life of asset and bank term)
Rate: Market or below market for targeted investment types and targeted neighborhoods
BDC financing programs are designed to mitigate risk and to free up cash flow. URA financing will be subordinate to primary lender financing and will work with the primary lender to structure the deals such that the lenders and the borrower can feel confident that the business will succeed and the lenders will get paid back.
Let a BDC loan officer work with you to find the right financing tool for your business growth and expansion needs.
Contact the BDC today at bdc@ura.org or 412-255-6669.