EDA expands Refined Lending interest-rate buydown program
City of BlaineCity · Blaine, MN- Disclosed value
- $40,000 fee for initial $5,000,000 forward commitment; additional $40,000 fee authorized for a second $5,000,000 commitment if needed
- From agenda
- Document date
- Jun 2, 2025
The 30-second brief
The Blaine Economic Development Authority amended its interest rate buydown program with Refined Lending, expanding eligibility to buyers up to 100% of area median income and homes up to $500,000. The EDA also authorized an additional $5 million forward commitment with a $40,000 fee if the initial $5 million allocation is fully utilized before September 30, 2025.
Refined Lending holds this financial services contract with City of Blaine.
Term as filed: Forward commitment through at least September 30, 2025 for interest rate buydown on up to $10,000,000 of mortgages (two $5,000,000 tranches if second is triggered).
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $40,000 fee for initial $5,000,000 forward commitment; additional $40,000 fee authorized for a second $5,000,000 commitment if needed
- Document date
- June 2, 2025
- Term
- Forward commitment through at least September 30, 2025 for interest rate buydown on up to $10,000,000 of mortgages (two $5,000,000 tranches if second is triggered)
- Vendor
- Refined Lending
- Agency
- City of Blaine
- Source document
- City of Blaine Economic Development Authority Agenda June 2025 (Agenda)
Refined Lending's other public contracts
More City of Blaine contracts
Questions about this contract
Who was awarded the financial services contract by City of Blaine?
Refined Lending was awarded this financial services contract by City of Blaine, as recorded on June 2, 2025. The contract value is $40,000 fee for initial $5,000,000 forward commitment; additional $40,000 fee authorized for a second $5,000,000 commitment if needed.
How much is the Refined Lending contract with City of Blaine worth?
The Refined Lending contract with City of Blaine is valued at $40,000 fee for initial $5,000,000 forward commitment; additional $40,000 fee authorized for a second $5,000,000 commitment if needed, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of Blaine Economic Development Authority Agenda June 2025 (Agenda), dated June 2, 2025 from City of Blaine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Refined Lending hold?
Refined Lending may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Blaine currently buying?
Explore City of Blaine's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.