New York Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 8, 2016
A JDA Real Estate Loan is normally a second mortgage loan, subordinate to a first-mortgage loan provided by a bank; M&E Loans are secured by a first lien, co-equal with the bank’s lien, on the M&E being financed. Typical financing structure: 50% Bank Loan. 40% JDA Loan. 10% Borrower Equity. TAX INCENTIVES.
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