BCC loan terms

• 5 year term;
• Annual, interest-only payments;
• We are looking for as low an interest rate as possible. The maximum interest rate depends on the amount loaned, as follows:
  • $500-$999: 2%
  • $1000-$1999: 2.5%
  • $2000-$2999: 3%
  • $3000-$4999: 3.25%
  • $5000-$7499: 3.5%
  • $7500-$9999: 3.75%
  • $10000 or more: 4%
• There will likely to be an option to continue your loan after 5 years, if desired.
• These loans are secured by BCC's assets, but our other loans have priority. If the BCC project fails (especially if there is a major downturn in the real estate market), you risk losing your money.