UMEZ Business Investment Loans -- Commercial Real Estate Development Loans

These are real estate secured loans for large commercial development projects that can serve as catalysts for job creation and transform the physical landscape of our community. The Upper Manhattan Empowerment Zone Development Corporation (UMEZ), provides subordinated debt financing on flexible terms; sizing is based on the level of jobs created and overall economic return for the project. Loans may be used for construction financing. Preference is given to projects where a senior lender has already been identified for the project.