Client Profile    

TURF clients represent a wide diversity of community-based organizations,
for profit and not for profit developers and commercial businesses seeking
funds to revitalize commercial real estate within distressed urban markets in
Rhode Island. TURF will take risks outside conventional lending practices.
Traditional analysis and underwriting guidelines are tempered with
flexibility to allow TURF to undertake non-conventional risks.

TURF typically provides loans and equity like investments in amounts
averaging $250,000. TURF will finance up to 100% of a project's value.
TURF loans carry a fixed rate of interest and are priced commensurate with
the risk undertaken. Products include construction, permanent, acquisition,
bridge and pre-development financing. Loans and investments typically
require full recourse to the project sponsor and an acceptable collateral
position.

We encourage Community Development Corporations, private developers, small
businesspeople in these communities, and larger businesses seeking to locate
facilities in urban settings to contact us.

Download project information worksheet here:

TURF Project Information Worksheet