Hello! How is your week going for you?
We’re happy to announce that our FIRST project for the Asian Pacific Revolving Loan Fund “First Time Home Buyer” program has been completed! We’re really excited because it worked out very well for our home buyer client (he got a great house that’s up to code and nicely remodeled!) and the local community (the Lake Elsinore, CA neighborhood got a great new resident home owner !).
As non-profit organization, we are focused on improving the communities of Southern California through commercial lending to small business owners. But, quite frankly, we’d become a little frustrated with commercial lending because banks just aren’t making funds available. Hopefully congress will pass meaningful financial assistance to small businesses SOON! But in the meanwhile, our ”First Time Home Buyer” allows us to continue our mission by helping the First Time Home Buyer choose a property before it’s on the open market and lock it in while the home is brought up to building code.
I’ll be posting photos here (as soon as I figure out how), on our Facebook page and, of course, on our website.
If you know of a first time home buyer who wants to avoid being outbid on the open market, please tell them about this program. It helps neighborhoods to retain their value and safety, and it helps the first time home buyer get the property they want.
more soon!
Dan
