help Find People, Events, Businesses

Gateway Mile Loan Fund

Innovation + investment = economic success
 
Downtown Elkhart offers more opportunity than ever: restaurants, historic storefronts, and highly desirable living spaces. We’re making it possible to assist investors like you with the capital needed to act quickly on your ideas


Downtown Elkhart Inc.
574-295-8701
Gatewaymile.com
 
Burl Troyer
574-361-0809
burltroyer@icloud.com   
 
First Mortgage
Real Estate Collateral
Maximum loan amount $200,000
Max term 5 years
Max amortization 15 years
 
  • Five year fixed, 1% over prime
  • Up to 90% appraised value
  • Fees = 1% of loan plus due diligence costs (can be rolled into amount of loan)
  • 12-months interest only for projects involving major renovation
 
 
Small Business Loan
Equipment and tenant improvements
 
Maximum loan amount $50,000
Max term 5 years
Max amortization 7 years
 
  • Five year fixed, 2% over prime
  • Up to 90% loan-to-value or cost
  • Fees = 1% of loan plus due diligence costs (can be rolled into amount of loan)

Rate information current as of April 2018
 

Join the Greater
Elkhart Chamber
Pay Online
Share this page

Latest News

04/02/2018 - Why Elkhart? Let Me Show You!

The question has been asked, “Why Elkhart? Why should I invest in Elkhart County?”

View all news items

Recent Articles


View All Articles