504 Interim Funding

NLP Finance, LLC, has contracted IDS to source funding opportunities under the 504 program. Candidates are projects where either the interim or permanent lender has been unable to complete an otherwise viable project, for which the CDC has a valid authorization with appropriate 327 actions in place, and on which the debenture has not funded. Construction related projects will be considered. Portfolio purchases will also be considered.

NLP Finance, LLC, will acquire, after due diligence, the interim lender.s loan(s) and related security instruments. The acquisition will be made through direct contact with the lender, or in the case of regulatory imposition, the appropriate regulators. Due diligence will include a representation by the CDC that they are unaware of any substantial unremedied adverse changes. The project will then be brought to completion, and a debenture funding will be sought, according to the terms of the existing authorization as amended.

THE DEBENTURE, IF FUNDED, WILL REMAIN ON THE BOOKS OF THE REFERRING CDC WITHOUT ANY OBLIGATION TO NLP FINANCE, LLC OR IDS CORPORATION.