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Rhode Island Industrial-Recreational Building Authority (RIIRBA)
Mortgage insurance is offered through the Rhode Island Industrial-Recreational Building Authority (RIIRBA). The maximum amount a business can borrow through this program is $5,000,000. The loan covers up to 90% on real estate, 80% of machinery and equipment, and 75% of tourist-travel recreation projects. Funds can be used for new building acquisitions, additions and rehabilitation of existing buildings and for new or used machinery and equipment. This program offers borrowers debt insurance on tax-free bonds, taxable bonds and conventional mortgages.
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Number of Records: 6
Account Name | Series Year | Original Insured Amount | Current Insured Amount | IRBA Paying |
|---|---|---|---|---|
Nuerotech Pharmaceuticals, Inc | 2009 | $4,000,000.00 | $2,317,377.00 | N |
Cyto Therapeutics, Inc. | 1994 | $2,215,000.00 | $415,000.00 | N |
New England Expedition | 2003 | $4,445,000.00 | $3,570,000.00 | N |
New England Expedition | 2008 | $675,000.00 | $575,446.00 | N |
Capco Steel | 2010 | $5,000,000.00 | $4,392,788.00 | Y |
Enertek | 2010 | $5,000,000.00 | $4,810,173.00 | N |
Total | $21,335,000.00 | $16,080,784.00 |
Data as of 12/31/2013
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