New MassDevelopment Loans
MassDevelopment, the quasi-public development arm of the state, has introduced three new loan products that will benefit new technology ventures, housing developments and owners of downtown-area business buildings.
The Emerging Technology Fund Term Working Capital Loan will help emerging technology companies pay for staffing and other working capital needs.
The Multifamily Real Estate Loan will provide financing for the development of apartments, particularly in downtown areas and locations that have access to public transportation.
The Commercial Real Estate Improvement Loan will help pay for building improvements to encourage employment in downtown areas.
The agency is also increasing the loan ceilings for two other products-equipment loans and loan guarantees for real estate and equipment financing-from $1 million to $2 million.
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