[Fredslist] Seek Short-term Financing for a Non-profit closing on a building

[Corey Bearak]

A non-profit's executive director contacted me concerning how to secure financing for part of a down payment on a building it is acquiring with public funds.  

It needs to provide down payment of approximately $140,000. 

It has some reserves, but prefers not to deplete all of them because the government does not pay vouchers in a timely manner.  

It knows the Fund for the City of New York gives low interest loans. 

It seeks any other suggestions on how it can secure $100,000 for several months at a low rate of interest?  

Please share your ideas and I will forward it to the non-profit.

Thank you.


Corey B. Bearak, Esq.
Government & Public Affairs Counselor
Networker of the Year| co-chair, GOtham GREEN | Gotham Towers | LI Legal
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