Real Estate Acquisition Program (RAP) Lending & Education

TruFund’s Real Estate Acquisition Program will provide both business advisory services and access to capital to BIPOC small business owners who seek the opportunity to overcome the primary barriers to owning real estate which is the traditional high percentage down payment.
Terms and Conditions​​
  • Locations: New York, Louisiana,
    Alabama & Texas
  • Use of Loan:
    • Purchase of commercial
      properties
    • Capital improvements
  • Amount: Up to $5,000,000
  • LTV (Loan-to-Value) Ratio: Up to
    95%
  • Terms: 25-year amortization with
    principal and interest payments
    due during the 5 years
  • Interest Rate: fixed at a minimum
    of 6.75%
​Eligibility​​
  • Credit: Must have a minimum 650 FICO credit score
  • Must Be an Owner-Occupied Property
  • Repayment Terms: Monthly P&I payments (may have interest-only period)
  • Business Requirements: Business must have been in operation for at least four years
  • Borrower must meet the following requirements:
    • Program targeted to BIPOC business owners
    • The loan will take a 1st lien position on the property
For more information on the RAP product contact your local business development officer.