east-grand-forks-eda-agenda-gap-loan-budget-fy26-jul-23-2025_a80.pdf
East Grand Forks EDA Reviews $75k Loan Application
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Description
East Grand Forks EDA considers $75,000 gap loan for NP Hometown Properties, to support the real estate purchase and retain local businesses, with loan subordinating to Alerus Bank's loan.
Contract Details
Contract Amount
$75,000
Vendor
NP HOMETOWN PROPERTIES
Agency
Town of Grand Forks, MN
Contract Type
Loan
Document Date
July 23, 2025
Contract Term
5 years
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