Mortgage Insurance Guarantees
MassDevelopment can provide a guarantee on a portion of a bank real estate loan or tax-exempt bond. Our guarantee covers the difference between a bank’s maximum allowable loan advance rate and up to 90% of the property value, thereby increasing the amount of financing available to your business. Our mortgage insurance guarantee program offers:
- Loan guarantees up to $2,000,000
- Loan advance rates up to 90% of the value of the real estate
Guarantees are also available for charter school loans, tax-exempt bonds, loans to companies that export products to international markets, and working capital loans to manufacturers.