• February 22, 2020

New PEI Loan for Multi-unit Housing

Finance PEI is offering a new multi-unit residential loan development fund to help developers, organizations, and nonprofits build more housing.

The program will have the following criteria:

  • 10-year term (amortized up to 25 years) with no application fee or penalties to payout before the maturity of the loan;
  • 4% interest rate;
  • Up to 90% financing (80% for renovations);
  • Construction for multi-units with a minimum of 4 units; and
  • Cap at $4M per project.

Find more grants and incentives on Fundingportal >

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