This program provides long-term bond financing on loans of for real estate and machinery and equipment acquisitions.
Eligibility
Any commercially viable borrower proposing to finance the acquisition or expansion of commercial or industrial assets.
Loan Amount / Exposure
Up to 90% of the project debt. FAME exposure to any one relationship may not exceed $4,250,000.
Interest Rate
Pricing is determined by market conditions at the time of bond sale.
Loan Term
Determined by the useful life of the assets being financed.
Security
First security interest in the assets being financed. FAME may require additional collateral or guarantees.
Fees
- Commitment Fee - 1%.
- Annual Credit Enhancement Fee - Not to exceed 2%, determined by risk.
- Borrower responsible for all costs of closing, including legal fees.
Process
Borrowers considering applying should contact FAME for advice on program requirements and applicability to the project..
Contact
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717
