Provides mezzanine capital for developers for real estate assets in small to mid-sized Pennsylvania communities.
Eligibility: Professional Investment Fund Managers through a Request for Qualification (RFQ)
Uses: Real estate development in small to mid-sized PA communities
Amounts: Variable
Terms: Program guidelines to be approved and issued by Commonwealth Finance Authority.
Visit www.newpa.com to confirm issuance. Upon approval, RFQ will be issued. RFQ criteria: Demonstrated capacity, for serving the PA marketplace, including specific geographic areas and/or market segments; Expertise in the proposed real estate sector; Expertise in range of investments demonstrated by experience and success with previous investments; Demonstrated capacity to attract additional investment for projects.
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