River Loans offer flexible financing to support investments within the Riverfront Urban Renewal District that align with the community’s vision and encourage a robust and thriving area. This funding assistance is available for projects that contribute to the renewal and redevelopment of our river district, along the Willamette River, to create an attractive place to work, visit and play.
Funds can be used for but are not limited to:
Building rehabilitation or renovation
Interest rate is fixed, typically below market, for the term of the loan.
Repayment terms are structured to meet individual project needs.
$50 non-refundable application fee
1% loan fee
Real property Personal guarantees
$75,000 - $500,000: dependent upon availability of funds. Applications for larger or smaller loan amounts may be considered on a case-by-case basis.
Project financing will not exceed 50% of overall project budget.
Located within the Riverfront District (see map below)