NJRA - Loan Application

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Loan Application

Select Loan Program * Value is not selected

New Jersey Redevelopment Investment Fund (RIF): RIF is a flexible investment fund that provides debt and equity financing for business and real estate ventures. Through the Redevelopment Investment Fund (RIF), the NJRA is able to offer direct loans, real estate equity, loan guarantees and other forms of credit enhancements.

Click Here for Funding Assessment Guidelines

New Jersey Urban Site Acquisition Program (USA): The NJUSA Program is a revolving loan fund that facilitates the acquisition, site preparation and redevelopment of properties, which are components of an urban redevelopment plan in NJRA eligible communities. NJUSA serves as a catalyst to jump start urban revitalization efforts. The Program provides for-profit and nonprofit developers, and units of government with a form of bridge financing to acquire title to property and for other acquisition related costs.

Click Here for Funding Assessment Guidelines

Working in Newark's Neighborhoods (WINN): WINN is a revolving loan fund that may be used for commercial and mixed-use projects directly related to comprehensive redevelopment initiatives within the City of Newark.

Click Here for Funding Assessment Guidelines

Affordable Housing Support Initiative (AHSI): The AHSI is a loan program designed to promote the redevelopment of NJRA’s eligible municipalities characterized by a lack of affordable and workforce housing. Through this initiative, for profit and non-profit developers can apply for funding in their efforts to develop affordable housing units by leveraging State and other funding sources.

Click Here for Funding Assessment Guidelines

Borrower Information

Name of Borrower *

Street Address *

City *

State * Value is not selected

Zip Code *

Name of Contact Person *

Title *

Tax Identification Number *

Form field Tax Identification Number has Invalid numeric value.

Telephone Number *

Phone form field Telephone Number must be in the format: (000) 000-0000

Fax Number

Phone form field Fax Number must be in the format: (000) 000-0000

E-Mail *

Email form field E-Mail is not in correct form

Business Owner Information

First Name *

Last Name *

Street Address *

City *

State * Value is not selected

Zip Code *

Social Security Number *

SSN form field Social Security Number must be in the format: 000-00-0000

Fax Number

Phone form field Fax Number must be in the format: (000) 000-0000

Telephone Number *

Phone form field Telephone Number must be in the format: (000) 000-0000

E-Mail *

Email form field E-Mail is not in correct form

Additional Business Information

Formation Type *

Formation Type

Corporation

Partnership

L.L.C.

Not-For-Profit

For-Profit

Year Company Formed *

Form field Year Company Formed has Invalid numeric value.

If Incorporated, State of Incorporation? * Value is not selected

If a Corporation, a Copy of Articles of Incorporation, Corporate By-Laws *

Form field If a Corporation, a Copy of Articles of Incorporation, Corporate By-Laws has Invalid files.

If a Partnership, a Copy of Partnership Agreement *

Form field If a Partnership, a Copy of Partnership Agreement has Invalid files.

If a L.L.C., a Copy of Articles of Organization, Operating Agreement *

Form field If a L.L.C., a Copy of Articles of Organization, Operating Agreement has Invalid files.

Are you a certified MWBE, SBE, SDVOB, or WBE? *

Are you a certified MWBE, SBE, SDVOB, or WBE?

Yes

Has borrower ever received financing from the NJRA? *

Has borrower ever received financing from the NJRA?

Yes

Is the applicant a subsidiary or affiliate of any other organization? *

Is the applicant a subsidiary or affiliate of any other organization?

Yes

Related Organization Name *

Related Organization Address *

Related Organization Relationship *

How did you learn about the NJRA?

Proposed Project and Site Information

Project Name *

Street Address *

Zip Code *

Form field Zip Code has Invalid alphanumeric value.

County *

Block(s) *

Lot(s) *

Is the project site considered a brownfields site as defined by the New Jersey Department of Environmental Protection? *

Is the project site considered a brownfields site as defined by the New Jersey Department of Environmental Protection?

Yes

Amount of Loan Requested *

Currency Form field Amount of Loan Requested requires format 1,000.00

Requested Terms of Financing * Value is not selected

Total Project Cost *

Currency Form field Total Project Cost requires format 1,000.00

Use of Requested Loan Funds.

Acquisition

Construction

Demolition

Permanent Financing

Predevelopment/Soft Costs

Predevelopment and Acquisition

Remediation

Site Preparation

Who owns the property?

Name *

Street Address *

City *

State * Value is not selected

Zip Code *

Appraised Value of Property

Currency Form field Appraised Value of Property requires format 1,000.00

Appraisal Date

Date form field Appraisal Date must be in the format: MM/dd/yyyy

Qualifying Questions

1. Have you ever been, or is now, disbarred, suspended or disqualified from contracting with any federal, state or municipal agency? *

1. Have you ever been, or is now, disbarred, suspended or disqualified from contracting with any federal, state or municipal agency?

Yes

2. Have you ever been, or is now, in receivership or adjudicated bankrupt? *

2. Have you ever been, or is now, in receivership or adjudicated bankrupt?

Yes

3. Have you ever been, or is now, in default on a personal or business loan? *

3. Have you ever been, or is now, in default on a personal or business loan?

Yes

4. Have you ever been, within the last five (5) years, a party in litigation involving laws governing hours of labor, minimum wage standards, discrimination in wages or child labor? *

4. Have you ever been, within the last five (5) years, a party in litigation involving laws governing hours of labor, minimum wage standards, discrimination in wages or child labor?

Yes

5. Have you ever been, or is now, charged with, convicted of, under indictment, on parole, on probation or a plaintiff in, any criminal or civil offense other than a minor motor vehicle violation? *

5. Have you ever been, or is now, charged with, convicted of, under indictment, on parole, on probation or a plaintiff in, any criminal or civil offense other than a minor motor vehicle violation?

Yes

6. Have you ever been, or is now, subject to, or has pending, any disciplinary action by any administrative governmental or regulatory body? *

6. Have you ever been, or is now, subject to, or has pending, any disciplinary action by any administrative governmental or regulatory body?

Yes

7. Have you ever been, or is now, subject to any order resulting from any criminal, civil or administrative proceedings brought against such persons or parties by any administrative, governmental, or regulatory agency? *

Yes

8. Have you ever been, or is now, informed of any current or on-going investigation with respect to possible violations by such persons or parties of state or federal securities, anti-trust or criminal laws? *

Yes

9. Have you ever been, or is now, denied a business-related license or had it suspended or revoked by any administrative, governmental or regulatory agency? *

9. Have you ever been, or is now, denied a business-related license or had it suspended or revoked by any administrative, governmental or regulatory agency?

Yes

If the answer is yes to any question above, please explain here. The fact that you have an arrest or conviction record will not necessarily disqualify your application, but a deliberate incorrect answer will probably cause your application to be turned down. *

Information and Document Checklist

All File Uploads Are Required

Bio of All Borrowers and/or Owners of the Project *

Form field Bio of All Borrowers and/or Owners of the Project has Invalid files.

1. Bio of all borrowers and/or owners of the project

Bio of the Company Including Information About the Technical and Business Background All Significant Owners & Principals *

Form field Bio of the Company Including Information About the Technical and Business Background All Significant Owners & Principals has Invalid files.

2. Bio of the company including information about the technical and business background all significant owners & principals

Certificate of Formation *

Form field Certificate of Formation has Invalid files.

3. Certificate of formation

Certificate of Good Standing *

Form field Certificate of Good Standing has Invalid files.

4. Certificate of good standing

Current Balance Sheet (Signed and Dated) *

Form field Current Balance Sheet (Signed and Dated) has Invalid files.

5. Current balance sheet (signed and dated)

Current Profit and Loss Statements (Signed and Dated) *

Form field Current Profit and Loss Statements (Signed and Dated) has Invalid files.

6. Current profit and loss statements (signed and dated)

Click here to download a personal financial statement template.

Current (Signed and Dated) Personal Financial Statement of All Borrowers (See Attached) *

Form field Current (Signed and Dated) Personal Financial Statement of All Borrowers (See Attached) has Invalid files.

7. Current (signed and dated) personal financial statement of all borrowers (see attached)

Description of Project *

Form field Description of Project has Invalid files.

8. Description of project

Driver's License *

Form field Driver's License has Invalid files.

9. Driver's license

Existing Redevelopment or Strategic Neighborhood Revitalization Plans *

Form field Existing Redevelopment or Strategic Neighborhood Revitalization Plans has Invalid files.

10. Existing redevelopment or strategic neighborhood revitalization plans

Impact of Project on the Surrounding Neighborhoods *

Form field Impact of Project on the Surrounding Neighborhoods has Invalid files.

11. Impact of project on the surrounding neighborhoods

Present and Proposed Use of Site *

Form field Present and Proposed Use of Site has Invalid files.

12. Present and proposed use of site

Proforma Schedule With at Least a Ten (10) Year Out/Projections *

Form field Proforma Schedule With at Least a Ten (10) Year Out/Projections has Invalid files.

13. Proforma schedule with at least a ten (10) year out projections

Project Budget *

Form field Project Budget has Invalid files.

14. Project budget

Project Description Including Community Impact *

Form field Project Description Including Community Impact has Invalid files.

15. Project description including community impact

Prior Two (2) Years Business Financial Statements *

Form field Prior Two (2) Years Business Financial Statements has Invalid files.

16. Prior two (2) years business financial statements

Prior Two (2) Years Business Income Tax Returns Including All Schedules & K-1s (Signed & Dated) *

Form field Prior Two (2) Years Business Income Tax Returns Including All Schedules & K-1s (Signed & Dated) has Invalid files.

17. Prior two (2) years business income tax returns including all schedules & K-1s (signed & dated)

Prior Two (2) Years Borrower(s) Personal Income Tax Returns Including All Schedules & K-1s (Signed & Dated) *

Form field Prior Two (2) Years Borrower(s) Personal Income Tax Returns Including All Schedules & K-1s (Signed & Dated) has Invalid files.

18. Prior two (2) years borrower(s) personal income tax returns including all schedules & K-1s (signed & dated)

Sources and Uses Schedule *

Form field Sources and Uses Schedule has Invalid files.

19. Sources and uses schedule

Supplemental Application

A supplemental application is required for this loan type, please download the file and reupload a completed copy below.

Click Here to Download PDF

Supplemental Upload *

Form field Supplemental Upload has Invalid files.

Certification of Application

Eligibility of financial assistance by the New Jersey Redevelopment Authority is determined by the information presented in this application and the required attachments. Any changes in the status of the proposed project from the facts presented herein could disqualify the project, including but not limited to, the commencement of construction or the acquisition of assets such as land or equipment. Please contact the staff of the NJRA before taking any action, which would change the status of the project as reported herein. The NJRA’ s regulations and policies regarding the payment of prevailing wages and affirmative action in the hiring of construction workers require the submission of certain reports and certificates and the inclusion of certain provisions in construction contracts. Please consult with the NJRA staff for details concerning these matters.

Only Governing Board of Directors of the NJRA may approve project and authorize the issuance of funds.

I, the undersigned, being duly sworn upon my oath say:

I have received a copy of the “NJRA Guidelines” and am prepared to comply with the requirements contained therein.
I understand that if such information is willfully false, l am subject to criminal prosecution under N.J.S.A. 2C:28 -2 and civil action by the NJRA which may at its option terminate its financial assistance.
I authorize the NJRA to obtain such information including, but not limited to, a credit bureau check as it may require, covering the applicant and/or its principals, stockholders and/or investors.
I authorize the NJRA to provide information submitted to it by or on behalf of the applicant to any bank which might participate in the requested financing with the NJRA.
I understand that the Governing Board of Directors of the NJRA reserves the right to determine which projects to finance and to amend these guidelines at any time.
I understand that the Governing Board of Directors of the NJRA may reject this application in its discretion.
I understand that any information submitted to or obtained by the NJRA or any bank or other lender in connection with this application may be shared by the NJRA and any bank or other lend

Signature *

Signature form field Signature is required

Funding Assessment Guidelines

Schedule A

Use of Proceeds	As indicated on Schedule B attached.
Project Eligibility	Redevelopment projects located in any of the NJRA’s eligible municipalities.
Rates and Terms	Rates are typically below market rate. Terms are determined based on the assets being financed, as well as the financing needs for sustainable project development. Typically, terms regarding loan.
The following information will assist the Division of Business Development in reviewing funding requests and in understanding the neighborhood impact of prposed projects. Each category should be addressed in as much detail as possible. For assistance, please call the Division of Business Development at (609) 292-3739
Project Information	Description Impact of project on the surrounding neighborhood Existing redevlopment or strategic neighborhood revitilization plans Project timeline
Site Information	Present and proposed use of site Property owner name Assessed or appraised value
Borrower Information	Borrower structure and ownership Borrower history Resume of principals
Project Budget	Source of repayment for NJRA funds Comprehensive construction/development budget, detailing all sources and uses of funds Other identified sources of support, if appicable
Financial Statements	Financial statements - 2-3 years Tax returns 2-3 years Personal New Worth Statement

Payment

Application Fee *

Currency Form field Application Fee requires format 1,000.00

Billing First Name *

Billing Last Name *

Billing Email address *

Email form field Billing Email address is not in correct form

Billing Phone number *

Phone form field Billing Phone number must be in the format: (000) 000-0000

Billing Address *

Billing Address Line 2

Billing City *

Billing State * Value is not selected

Billing Postal Code or ZIP *

Billing Country *

You are ready to submit the application. Once submit is chosen, you will be redirected to our payment processor for payment. Please have your card details or E-check ready. If you are not ready to pay now, make sure to save the application so a link can be emailed to you that allows returning to this application at any time.

Predevelopment/Acquisition Use Enabled

Permanent Financing Use Enabled

Site Preparation Use Enabled

Remediation Use Enabled

Demolition Use Enabled

Construction Use Enabled

Acquisition Use Enabled

Predevelopment and Soft Costs Use Enabled

Loan Active?

Supported Zip Codes

Amount *

Decimal Form field Amount requires format ##########.##

Loan Program String

Billing Name

Billing Address - Extracted

Transaction Id

Transaction Time

Redirect URL

Email Address:

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NJRA - Loan Application

Loan Application

Borrower Information

Business Owner Information

Additional Business Information

Proposed Project and Site Information

Qualifying Questions

Information and Document Checklist

Click here to download a personal financial statement template.

Supplemental Application

Certification of Application

Funding Assessment Guidelines

Schedule A

Payment