North Fork New Markets Credit Corp.

Melville NY


The profile for this organization is not currently available.

CDFI Awards for North Fork New Markets Credit Corp.


NMTC (2003) - $85,000,000

GreenPoint New Markets will provide secured and unsecured commercial loan products in New York State that businesses may use to fund property acquisition, rehabilitation, or development; and/or to fund general working capital needs. Interest rates on all products will be reduced below prevailing market rates, and will remain in place for the term of the loan (up to 25 years). Most originationrelated fees will also be waived. To provide maximum potential access to the debt market, a diverse menu of borrowing alternatives targeted to new and growing business will be offered. Nearly all of these will require no documentation of income or assets. The flexibility of no docs will greatly enhance the businesses" ability to qualify for loans with unconventional collateral and no proven credit history.



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